Tag: , , ,

Shell-Petroleum-Development-Company

Nigeria, biggest recipient of payment from Shell in 2016

Global oil giant, Royal Dutch Shell Plc, said on Tuesday that it paid $3.638bn to the Nigerian government last year for its activities in the country. Nigeria’s...

House of Representatives

Crude oil pre-shipment inspection contracts breach due process – Reps

A House of Representatives panel yesterday uncovered several breaches in the procurement processes in the contracts for the pre-shipment inspection of Nigeria’s crude...

OPEC president says oil market is correcting

Why oil reserves remain stagnant — NAPE

The inability of Nigeria to achieve its projected 40 billion barrels oil reserve after years of setting the target has been attributed to more than 10 years shortfall in...

Reps seek revocation of oil bloc licenses

    The House of Representatives would seek revocation of oil bloc licenses issued without due process, it emerged Tuesday. This is in addition to the...

Oil bunkering: DPR issues guidelines, licences to yield N250m

The Department of Petroleum Resources (DPR) has indicated its readiness to issue licences in a bid to resuscitate bunkering business in the country. The agency also...