Shell being sued in two claims over oil spills in Nigeria
Oil giant Shell is being sued in London for the second time in five years over spills in the Niger Delta. Two communities are claiming compensation and want Shell to Continue Reading
Nigeria: Crude Oil Production to Decline By 70,000 Barrels Per Day
The International Energy Administration (IEA) expected Nigeria’s oil production to decline by 70,000 barrels per day (bpd) by 2021 to 1.85 million bpd due to reduction in investment in the Continue Reading
Nigeria: Amnesty International Warns Shell Faces More Lawsuits for Nigeria Oil Spills
Failure of Shell Petroleum Development Company, SPDC , to ensure environmental protection by maintaining and protecting oil pipelines may leave it vulnerable to pay series of compensation claims from several Continue Reading
Oil prices ‘totally unacceptable’, Nigerian president tells Qatar’s ruler
The OPEC cartel needs to take action to stabilize the oil market because crude prices have fallen to “totally unacceptable” levels, Nigerian President Muhammadu Buhari said on Sunday. Nigeria, Africa’s Continue Reading
U.S. Plans to Put Advisers on Front Lines of Nigeria’s War on Boko Haram
The Pentagon is poised to send dozens of Special Operations advisers to the front lines of Nigeria ’s fight against the West African militant group Boko Haram, according to military Continue Reading
Citigroup Sees Vanishing Nigerian Deals on Devaluation Risks
Citigroup Inc. said deals in Nigeria, Africa’s biggest oil producer, have plummeted because investors are too scared to spend money when it’s expected that the naira will have to be Continue Reading
Nigeria’s Buhari to discuss oil price stability with Saudi king – presidency
Nigerian President Muhammadu Buhari will fly to Saudi Arabia to discuss with King Salman ways to stabilize crude oil prices, the presidency said in a statement on Sunday. Buhari will Continue Reading
Nigeria Backs Oil Output Freeze While Giving Iran Way Out
Nigeria backed Saudi Arabia and Russia in freezing oil production while giving Iran and Iraq a way out to regain some of their lost market share due to sanctions and Continue Reading
Nigeria: Country’s Revenue Woes Worsen As Major Trouble Hit Forcados, Oil Lifting Suspended
Nigeria’s crude oil export operation has suffered a serious setback following a major crack-up of a giant underwater pipeline at the Forcados export terminal. Following the incident, crude oil lifting Continue Reading
OPEC members increasingly keen to end oil glut: Nigeria oil minister
The mood inside the Organization of the Petroleum Exporting Countries (OPEC) is shifting from mistrust to a growing consensus that a decision must be reached on how to end the Continue Reading