Nigeria, 3 others lose $4bn to shady oil deals
International transparency group, Global Witness on Monday stated that Nigeria, Angola, Republic of Congo and the Democratic Republic of Congo…
NNPC denies involvement in $25m failed oil block deal
The management of the Nigerian National Petroleum Corporation (NNPC) has dissociated itself from the $25 million failed oil block bid…
N33.8bn Gas Debt: Ghana to pay in February 2016
The Federal Government of Nigeria has reached an agreement with its Ghanaian counterpart on the modalities for settlement of the…
Navy destroys illegal refinery, 1,500 drums of diesel
The Central Naval Command in Bayelsa State has destroyed 1,500 drums of diesel and one illegal oil refining camp in…
Shell asks shippers exporting Nigerian oil to sign guarantee letter
Royal Dutch Shell has asked ship owners exporting its Nigerian oil to sign a “letter of comfort” (LoC) to guarantee…
Sahara Energy denies report of arrest of directors over $50b oil fraud
Sahara Energy on Friday denied a report that linked its management to the trial of Nigeria’s former Petroleum Minister, Diezani…
NSCDC destroys 10 illegal refineries, seizes 42 oil tankers
The Nigeria Security and Civil Defence Corps (NSCDC) said it destroyed 10 illegal refineries in three states and seized 42…
China’s crude oil importation from Nigeria steady – Envoy
China’s Ambassador Gu Kiaojie says his country’s crude oil importation from Nigeria has been steady in the last five years.…
14 suspected oil thieves face trial
14 suspected pipeline vandals arrested by the Nigeria Security and Civil Defence Corps (NSCDC), Abia Command, are currently facing prosecution,…
Shell ready for Ogoni environment clean-up
The management of Shell Petroleum Development Company of Nigeria (SPDC) has declares its commitment to undertake the contentious clean-up of…