PORT HARCOURT – Nigeria’s crude oil export has suffered a major setback as Shell Petroleum Development Company of Nigeria (SPDC) on Wednesday shut the Trans-Niger Pipeline...
PORT HARCOURT – Oil company Shell will resume talks next week in London with lawyers representing 15,000 of the poorest people in the world who are...
TORONTO – Canadian regulators plan to raise the liability for offshore oil spills to C$1 billion (US$983 million) as part of an effort to increase accountability...
BENIN – The Edo Government has attributed the decline in its oil revenue to the ceding of its oil wells to Ondo and Delta by the...
LONDON – The High Court of Justice of England and Wales has ruled in favour of UK firm, Tullow Oil against Canada’s Heritage Oil over a...
LAGOS – Forte Oil Plc, formerly known as African Petroleum, AP, has reported N3billion Profit After Tax for the first quarter of this year. Group Chief...
WASHINGTON D.C. – Federal and state authorities have filed a joint lawsuit against ExxonMobil over the March spill of thousands of barrels of heavy crude into...
ABUJA – A fresh controversy may have hit plans by Chevron to auction its stake in Oil Mining Leases (OMLs) 83 and 85 offshore Nigeria, as...
By Joseph BAMIDELE LAGOS – Forte Oil formally known as African Petroleum, AP has revealed that company has projected N3billion Profit After Tax in the first...
SEOUL – South Korean shipbuilder Samsung Heavy Industries said Thursday it had won a $3.0 billion order to build a giant offshore oil storage platform in...
