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…
Exxon’s lawyer calls lawsuit a ‘cruel joke’ as climate change fraud trial ends
Lawyers for New York state and Exxon Mobil Corp delivered closing arguments in a closely watched trial accusing the oil company of hiding from investors the true cost of addressing…
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…
U.S. DOJ closes Nigeria, Algeria investigations into Eni
The U.S. Justice Department has closed its investigations into alleged corruption by oil major Eni in Nigeria and Algeria without taking any action, the Italian energy group said on Tuesday….
Unknown gunmen kidnap foreign workers from oil rig in N’Delta
Gunmen kidnapped three oil workers from Canada, Scotland and Nigeria at a rig in Nigeria’s Delta region on Saturday, officials said – the second abduction in the area in less…
Rising use of plastics to drive oil demand to 2050 – IEA
Plastics and other petrochemical products will drive global oil demand to 2050, offsetting slower consumption of motor fuel, the International Energy Agency (IEA) said on Friday. In spite of government…
Niger Delta: Shell changes strategy to escape spills, oil theft
Royal Dutch Shell wants to reweight its footprint in Nigeria to focus on oil and gas fields far offshore, away from the theft, spills, corruption and unrest that have plagued…
Two Niger Delta Communities Lose Case Against Shell in London
The Court of Appeal in London ruled on Wednesday that two Nigerian communities cannot pursue Royal Dutch Shell in English courts over oil spills in Nigeria’s Delta region, reports Reuters….