Nembe Creek

Now Agip too has stopped producing oil in Bayelsa

by Chi Ibe Eni, parent company of Nigerian Agip Oil Company (NAOC), has now joined Shell Petroleum and ExxonMobil in declaring force majeure on oil exports from the Brass Oil Export Terminal off Bayelsa shoreline. Force majeure removes from companies from liabilities of contractual obligations due to factors outside its control. Earlier, Shell and ExxonMobil temporarily halted... Read More

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Agip, Eni, force majeure, mobil, Nembe Creek, Niger Delta, Oil, Shell

August 27, 2014

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Shell cashes out, sells four major oil fields to Nigerian firms

by Kolapo Olapoju On Wednesday, 27 August, oil and gas company, Royal Dutch Shell announced that it has sold four oil fields it owns in Nigeria, as part of its global assets sale, in a bid to cut costs. A shell spokesman said, “We have signed sales & purchase agreements for some of the Oil Mining... Read More

The News Blog

Chevron, Eni, Financial Times, Nembe Creek, Niger Delta, nigeria, Oil Mining Licence, Royal Dutch Shell, Shell, Total, Trunk Line