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Oando divests interest in captive power plants
Oando Gas and Power (OGP) a subsidiary of Oando Plc recently announced its decision to divest its interest in captive…
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FG approves N701bn Power Purchase Guarantee for Gencos
Further to complaints by Electricity Generating Companies (Gencos) that the inability of government-owned Nigeria Bulk Electricity Trading (NBET) to pay…
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New charges of corruption slammed against Shell and Eni over their purchase of OPL 245
In the wake of controversies surrounding the purchase of Oil Prospecting License (OPL) 245, additional new corruption charges…
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ENI releases the outcome of the independent investigation the $1.6b Malabu oil block sale
In view of the of the controversies surrounding the sale of the $1,616,690,656.78 valued Malabu oil block belonging to Nigeria…
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ELAND OIL & GAS REPORT ON ITS NIGERIA OPERATIONS
Eland Oil & Gas, (an oil & gas development and exploration company operating Nigeria) recently gave a report on its…
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NNPC PROPOSES A 3 YEAR PERIOD FOR THE CONVERSION OF ITS JVS TO IJV
The Nigerian National Petroleum Corporation (NNPC) recently made a public announcement that it would take at least three years to…
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SIRIUS PETROLEUM ISSUES NEW ORDINARY SHARES AHEAD OF ORORO FIELD DRILLING
Sirius Petroleum, an investing company focused on oil and gas exploration and development opportunities in Nigeria recently declared that subscriptions…
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SENATE TO PRESENT THE OIL GOVERNANCE BILL FOR ITS THIRD AND FINAL READING BY THE END OF THE MONTH
A representative of the committee handling the passage of Petroleum Industry Governance Bill; Senator Tayo Alasoadura, in a recent interview…
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Shell and Eni file Motion for Discharge of an Exparte Order for forfeiture of assets and the transfer of operations of the OPL 245 field made against them
Further to an Exparte Order made by a Nigerian Court for the temporary forfeiture of assets and the transfer of…
