The Nigerian National Petroleum Corporation (NNPC) has announced the discovery of oil in the north-eastern part of the country.Samson Makoji, acting group general manager, group public affairs division of the corporation, announced this in a statement on Friday.He said the discovery of oil and gas in commercial quantity in the Gongola Basin will "attract foreign investment, generate employment for people [...]
Petrobarometer
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A day after Eni announced that the US department of justice has closed investigation into its role in the OPL 245/Malabu deal of 2011, Royal Dutch Shell said it has also been notified on its own probe.Shell and Eni teamed up to acquire OPL 245 from Malabu Oil and Gas Ltd in 2011 but the deal has become a subject of [...]
The US justice department has not found any wrongdoing on the part of Eni, Italian oil giant, in its joint acquisition of OPL 245 with Shell in 2011.In a press statement on Tuesday, Eni said this is yet another confirmation that it did not engage in any illegality.In 2011, the federal government brokered a deal between Malabu Oil and Gas [...]
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Kessington Obahiagbon, professor of chemical engineering at the University of Benin, says his new research has shown that biodiesel can solve Nigeria’s energy problem. [...]
Timipre Sylva, minister of state for petroleum resources, says Nigeria is currently a laughing stock in the way it operates business in the oil and gas sector.Sylva said this in Abuja when he hosted delegates from Total Exploration and Production, Nigeria, led by Mike Sangster, its managing director.The minister said the country must bring down the cost of production of [...]
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A federal high court in Abuja has ordered the federal government to renew the operating licence of the Shell Petroleum Development Company (SPDC). [...]
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