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SHELL DECLARES FORCE MAJEURE ON BONNY LIGHT CRUDE EXPORTS
Shell Petroleum Development Company of Nigeria Limited has declared force majeure on exports of Bonny Light crude export. This is…
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ELAND OIL & GAS SIGNS RIG CONTRACT FOR THE DRILLING OF UBIMA-1 WELL
Eland Oil & Gas PLC (AIM: ELA) has signed a rig contract with KCA Deutag for the T-57 land rig…
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VITOL, GLENCORE, SHELL IN RUNNING TO ACQUIRE PETROBRAS NIGERIAN ASSETS
Vitol, Glencore and Shell are all competing to buy the African arm of Brazils Petrobras that owns stakes in two…
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NNPC RECOMMENDS SPLITTING OF PETROLEUM LICENCES IN NEW LAW
The Nigerian National Petroleum Corporation (NNPC) has recommended the splitting of petroleum licences into two components namely Petroleum Exploration Licence…
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NNPC ISSUES NEW CRUDE LIFTING CONTRACTS TO TRADERS FOR TWO-YEARS
The Nigerian National Petroleum Corporation (NNPC) has issued crude export contracts which are expected to last for two years to…
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NORWAYS STATOIL LOSES 5% STAKE IN AGBAMI OILFIELD, TO PAY CHEVRON, OTHERS $1.1BN
A Nigerian based arbitral tribunal has issued an award against Statoil, the Norwegian state oil firm over the redetermination of…
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MTN NIGERIA GROWS DATA REVENUE BY 73%
MTN Nigeria has announced a year-on-year 73.2 percent increase in the revenue from data services for the first quarter of…
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ARBITRARY TAXES RESPONSIBLE FOR POOR QUALITY OF TELECOMS SERVICES
The National Association of Telecommunications Subscribers (NATCOMMS) has attributed the poor quality of service provided by telecommunications operators in Nigeria…
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