Suez Canal’s claim over once-stuck ship referred by court
CAIRO (AP) — An Egyptian appeals court said Sunday it lacks jurisdiction to look into the Suez Canal Authority’s demands to uphold financial claims that led to the seizure of Continue Reading
East Africa: Ugandan President Emphasizes Wise Use of Oil Revenues
Ugandan President Yoweri Museveni on Thursday said oil revenues must be invested in avenues that create jobs and wealth. The Ugandan president said since oil is an exhaustible resource, revenues Continue Reading
Ghana to Lose U.S.$8.4 Billion Revenue If ENI, Springfield Fail to Unitise Fields … IES Study Reveals
A study conducted by the Institute for Energy Security (IES) has revealed that the country is likely to miss a huge opportunity to rake in billions of dollars from the Continue Reading
East Africa: Tanzania-Uganda Concludes Multi-Billion Oil Deal
Tanzania and Uganda have signed the fifth crucial Host Government Agreement (HGA) that finally allows the construction of a 4.16billion US dollars heated pipeline to carry crude oil from western Continue Reading
Nigeria: Navy Blames NNPC Over Theft of 200,000 Barrels of Crude Oil
The Nigerian Navy yesterday exonerated itself from the loss of 200,000 barrels of crude oil to pipeline vandalisation and illegal refineries, even as it blamed the Nigerian National Petroleum Corporation Continue Reading
Nigeria: Shell to Offload Onshore Nigerian Oil Assets in Bid Move to Cleaner Energy
Shell’s divestment could deal a fresh blow to the fiscal plan of the Nigerian government, about 90 per cent of whose revenue comes from oil, as it rebalances from the Continue Reading
Nigeria in Talks With Shell Over Onshore Divestment Plans
Nigeria is encouraging Royal Dutch Shell Plc to keep its onshore oil and gas business in the country instead of divesting it, as the company seeks to focus more on cleaner Continue Reading
Shell: Nigeria Oil Operations Are Incompatible With Net-Zero Plans
Royal Dutch Shell does not see its upstream oil operations in Nigeria as compatible with its strategy to become a net-zero energy business, chief executive Ben van Beurden said at Continue Reading
Shell: Nigeria Oil Operations Are Incompatible With Net-Zero Plans
Royal Dutch Shell does not see its upstream oil operations in Nigeria as compatible with its strategy to become a net-zero energy business, chief executive Ben van Beurden said at Continue Reading
Nigeria: Govt Considers Options On Divestment Plan By Shell
The federal government is weighing some options as discussions with Anglo-Dutch oil company, Shell Petroleum Development Company, begin over its plan for total divestment from onshore operations in Nigeria. The Continue Reading