In addition to the requirement in a local content plan, there should be a mandatory requirement for a CSR plan and how the company intends to...
Apart from a brief increase in April, the oil price has been falling for about a year: In mid-2022, a barrel of OPEC oil cost around...
The Supreme Court has previously ruled against Shell in another case involving pollution in the Niger Delta. In February 2021, it allowed a group of 42,500...
“The global oil sector alone will need a cumulative investment of $12.1 trillion through to 2045. However, in recent years, we have heard calls from some...
It stated: “Crude oil output in March by OPEC-plus members taking part in the production agreement saw its steepest fall in 10 months, or 680,000 b/d,...
“The meeting noted the following voluntary production adjustment announced on April 2, 2023, by Saudi Arabia (500 thousand b/d); Iraq (211 thousand b/d); United Arab Emirates...
The committee was also to investigate all crude oil exports and sales by Nigeria from 2014 to date, with regards to quantity, insurance, revenue generated, remittances...
The good side of NILEST in wealth creation for the common man is the processing of hides and skins into leather products. This developments has stopped...
According to the minister, interestingly, the oil and gas industry in Nigeria has embraced the reality of energy transition and is taking a strategic position to...
He said, “We are the people securing the oil facilities from being vandalised and from infractions, but since the last six months we have not been...