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Giant multinational companies; GBfoods enters into Joint Venture with Helios Investment Partners for the acquisition of Nigerian food brands
The general public has been notified of the Joint Venture (JV) between GBfoods and Helios Investment Partners (referred to as…
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NNPC collaborates with Chevron and Total for the construction of power plants
The Nigeria National Petroleum Corporation (NNPC) has revealed its plans to build power plants at Obite and Agura in conjunction…
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Lagos State Government in dialogue with FG for approval to take all the gas produced from Aje
The Lagos State government is presently in negotiations with the Federal Government (FG) through the Department of Petroleum Resources (DPR)…
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DPR reports increase in the level of compliance oil producing firms compliance with Domestic Gas Supply Obligation
The Department of Petroleum Resources (DPR)has reported that the gas sector has so far witnessed a 40% increase in respect…
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FG and IOCs at loggerheads over cost expended on crude overlift
The Minister of State for Petroleum Resources; Dr. Ibe Kachikwu has revealed that the Federal Government of Nigeria (FG)a nd…
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Nigeria records near zero pipeline vandalism in the past three months
The Federal Government of Nigeria recently gave a report of the stability recorded in the Niger Delta region of the…
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Local Nigerian Community sues Eni for damages arising from the explosion of its oil pipelines
A community from Ikebiri, Niger Delta area of Nigeria has instituted an action against Eni seeking the sum of euro;2,000,000…
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NNPC reveals investment opportunities in the Oil & Gas Sector
The Nigerian National Petroleum Corporation has revealed investment opportunities that will be forthcoming in the Nigeria oil and gas sector.…
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FG reveals that Nigeria retains $5bn of the sum spent annually in the Oil and Gas Sector
Further to the continuous implementation of the Nigerian Oil and Gas Industry Content Development (NOGICD) Act, 2010 the Nigerian Content…
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New York Court grants Stay of proceedings in suit filed by Shell & Ors against NNPC pending conclusion of similar litigation suits in Nigeria
In view of the pending action instituted by Shell Nigeria Exploration and Production Co (SNEPCo), Esso Exploration and Production Nigeria…
