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IOCs foresees the disposal of more assets after PIB passage, licence expiration
Presently, the International oil companies (IOCs) operating in Nigeria are holding off on the divestment of their onshore assets until…
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IOCs, FG in disagreement over $6.2bn JV cash call
It has been confirmed that the agreement entered into by the Federal Government (FG) and International Oil Companies (IOCs) with…
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Shell exonerates itself from the inability from the non-diversion of Bonga gas to domestic market
Shell Petroleum Development Company (SPDC) recently released a statement exonerating itself from the continuous non-diversion of natural gas from the…
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Dangote Refinery places order to Indias Power Mech JV for the provision of construction services
Further to the ongoing construction activities presently being undertaken by the Dangote Oil Refining Company (the Company), an order has…
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Court of Appeal affirms Shipping Line Agency Charge illegal; and void
The Court of Appeal has held the contentious ‘shipping line agency charge’ (SLAC) usually charged by shipping companies (for what?)…
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Court of Appeal upholds setting aside $2.5b judgment awarded to Shell, Esso against NNPC
A Nigerian Court of Appeal sitting at Abuja has upheld the setting aside of part of the $2.5 Billion arbitral…
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France reveals plan to invest 1billion in Nigerias oil and gas industry
The French government through its Ambassador to Nigeria has revealed it plans to invest about €1billion (One Billion Euros) in…
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Pan Ocean set to hit 200scf/d as well as reduce gas flaring
Pan Ocean Oil Corporation Limited; operator of OML98 has revealed that it is close to hitting 200mscfd from its current…
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