Shell to exit Nigeria’s onshore oil after nearly a century, to sell subsidiary for $2.4bn
January 16, 2024 Shell is set to conclude nearly a century of operations in Nigerian onshore oil and gas after agreeing to sell its subsidiary there to a consortium of…
COP28 crowds: A dangerous distraction or sign of success?
December 6, 2023 Flashy country pavilions, corporate-sponsored cocktail parties and a smorgasbord of side events have turned the annual U.N. climate summit into what some say is a trade show…
CERAWEEK Exxon seeks to unblock stalled sale in ‘challenging’ Nigeria – Top executive
March 6, 2023 Exxon Mobil Corp hopes to get Nigerian government approval to allow the stalled sale of its shallow water oil production operations in the West African country, a…
Equinor Joins Western Oil Firms’ Retreat From Nigeria -Sources
Jan. 26, 2023 Norway’s Equinor has launched the sale of its stake in an offshore Nigerian oilfield, joining a retreat by Western energy firms from the West African country as…
Oil Mining Leases renewal means significant deep water presence for our company in Nigeria for the next 20 years – ExxonMobil Â
August 14, 2022 The ExxonMobil Nigeria has expressed commitment to maintain a significant Deepwater presence in Nigeria for the next 20 years to unlock the potential value in its renewed…
Chevron puts two Nigerian offshore blocks up for sale
Chevron has launched the sale of its stakes in two Nigerian offshore oil and gas blocks, a sale document seen by Reuters shows, as the company seeks to dispose of…
Nigeria seeks $62 billion from oil companies -Attorney general
Nigeria is seeking $62 billion from oil companies under regulations that allow the government to revisit revenue-sharing deals on petroleum sales if crude prices exceed $20 a barrel, the attorney…
Oil heads for 7% weekly gain after Saudi attacks
Oil prices were on track for their biggest weekly jump since January, lifted by rising Middle East tensions after a key Saudi Arabian supply hub was knocked out by an…
Exxon, Shell cannot restore $1.8 billion Nigerian arbitration award- U.S judge
A U.S. judge on Wednesday rejected Exxon Mobil Corp’s and Royal Dutch Shell Plc’s  effort to revive a $1.8 billion arbitration award against Nigeria’s state-run oil company, which stemmed from…
PSC Non- Review: Nigeria loses $16bn in Ten Years – NEITI
The Nigeria Extractive Industries Transparency Initiative (NEITI) said that Nigeria lost at least $16 billion in ten years due to non-review of the 1993 Production Sharing Contracts, (PSC), with oil…