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oil companies
May 6, 2017
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We will rise against rejection of oil firms’ relocation to N’Delta – Ijaw youth

by Azeez Adeniyi The Ijaw Youth Council on Friday said it would resist any move by the National Assembly to halt the executive order to oil companies to relocate their administrative head offices to the Niger Delta region. A member of the House of Representatives, Goodluck Opiah had moved a motion for the relocation of... Read More
The News Blog
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May 4, 2017
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FG will revoke licenses of some oil refineries – Kachikwu

by Dolapo Adelana The minister of state for petroleum, Dr. Ibe Kachikwu says the Federal Government will withdraw licenses of private oil refineries that are yet to be utilised. Kachikwu said this at a media briefing on the sidelines of the ongoing annual Offshore Technology Conference in Houston, US. Licenses were given to some individuals and private... Read More
The News Blog
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February 7, 2017
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Reps summon Emefiele over allocation of Forex to oil companies

The House of Representatives ad hoc committee on the review of price of petroleum on Monday summoned the Governor of the Central Bank of Nigeria, CBN, Mr Godwin Emefiele to appear before it over allocation of foreign exchange to oil marketers for importation of petroleum products. Emefiele’s summon is coming after the Nigeria Navy indicted the... Read More
The News Blog
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December 8, 2016
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House of Reps summons NNPC, oil companies over crude oil theft

The House of Representatives has summoned the Nigerian National Petroleum Corporation and 19 other oil and gas companies over crude oil worth $17bn which was allegedly stolen through exports between 2011 and 2014. Among the firms the committee summoned along with the NNPC were Mobil Producing Nigeria Unlimited; Shell Western Supply and Trading; Televeras Petroleum... Read More
The News Blog
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October 27, 2016
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NUPENG wants FG to stop mass sacking in oil sector, gives 21-day ultimatum

The National Union of Petroleum and Natural Gas workers (NUPENG) has given the Federal Government a 21-day ultimatum to weigh in on the mass retrenchment of workers by international oil companies in the country. The ultimatum was given by NUPENG National President, Igwe Achese at the end of a meeting of the union’s Central Working... Read More
The News Blog
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July 21, 2016
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Just In: We are holding talks with Niger Delta militants, Buhari confirms

President Muhammadu Buhari on Thursday in Abuja said that his administration is holding talks with Niger Delta militants through oil companies and law-enforcement agencies to find a lasting solution to insecurity in the region. This is contained in a statement released by the Senior Special Assistant to the President on Media and Publicity, Mallam Garba Shehu.... Read More
The News Blog
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June 18, 2016
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Militants give oil companies 14 days to leave Rivers LGAs

Ex-militants under the aegis of Ekpeye Liberation Group, have given multinational oil companies 14 days to exit Ahoada East and West local government areas of Rivers state. The ex-militants have urged the oil companies to move out of the area or risk attack on their facilities. Spokesperson of the militant group, Obodo Obodo alleged that... Read More
The News Blog
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June 10, 2016
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Ogoniland clean-up will take up to ’30 years’

After the announcement of the commencement of the clean-up exercise of Ogoniland in Rivers State by the Federal Government, the United Nations Environment Programme (UNEP), has surmised that it will take between 25 to 30 years before the natives of the community would enjoy a fresh and clean environment. According to UNEP, because of the... Read More
Featured, The News Blog
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June 6, 2016
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This is what Nigeria loses daily to Niger Delta Avengers’ bombing of oil pipelines

Oil companies in the Niger Delta are losing a total of 140,000 barrels of crude daily – translating to a loss of $6.72m (about N1.3 billion)- due to the continued attack on oil installation by Niger Delta Avengers, The Nation reports. Nigerian Agip Oil Company (NAOC) says that it has cut its oil production down... Read More
The News Blog
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May 26, 2016
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Let’s not forget the Avengers threatened to attack Chevron’s HQ in Lagos

by Chi Ibe Militant group, the Niger Delta Avengers has given an ultimatum to all oil companies to leave the Delta region or face debilitating attack, but no one has suffered worse than Chevron since the attacks re-emerged. They promised to hit them from this week, and today’s attack confirms that promise. Which makes it important... Read More
The News Blog
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May 18, 2016
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N2 trillion: Court throws out Agip’s objection in suit with FG

A Lagos Federal High Court has thrown out an objection filed by the Nigerian Agip Oil Company Limited (Agip) to stop the Federal Government of Nigeria from proceeding with a lawsuit filed against them. The objection was filed by the oil company on March 24, 2016 after the federal government instituted a lawsuit against some... Read More
The News Blog
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January 11, 2014
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“Shame on you guys!”: Expatriate resigns in protest over company’s maltreatment of Nigerian workers

by Oke Efagene A Base Maintenance Manager at Caverton Helicopters, Surendra Bhagwandass, resigned yesterday over non-payment of salaries and unfair treatment of Nigerian workers in the company. The expatriate accused the company which has contracts with oil firms like TOTAL, SHELL, among others for not paying the salaries of its Nigerian workers last month, December... Read More
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January 9, 2014
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Olusegun Adeniyi: Why Nigerians should thank Sanusi for the NNPC letter

by Olusegun Adeniyi One, if indeed Sanusi authored the letter, it could mean that his relationship with the president had broken down to such an extent that he no longer had access to discuss critical issues in private. Two, given my little knowledge of our oil and gas industry, the amount quoted in the letter... Read More
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September 23, 2013
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Ijeoma Nwogwugwu: Time to stop toying with the PIB bill (Part 3)

by Ijeoma Nwogwugwu The PIB can no longer be delayed. The oil companies must stop pussyfooting and tell the government what exactly they want. It is not enough to say the PIB, as presently constituted, will deter investment. Nigeria’s objective is very clear: It intends to maximise the nation’s economic rent from the oil and... Read More
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November 16, 2012
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TICKER: Is the world ending on 2028? “Do the Math” creator thinks so

“There is nothing radical in what we’re discussing,” journalist and climate change activist Bill McKibben said before a crowd of nearly 1,000 at the University of California Los Angeles last night. “The radicals work for the oil companies.” Taken as on its own, a statement like that would likely sound hyperbolic to most Americans—fodder for... Read More
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