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Bonny Terminal: Oil exports, revenue under threat over court order

Bonny Terminal: Oil exports, revenue under threat over court order

Adewale Sanyaolu Except urgent steps are taken, Nigeria may record a major revenue loss in the oil sector following a 2008 Rivers State High Court judgment asking Shell to forfeit the land where the Bonny crude oil terminal is located. Should the 2008 judgment by Justice Margaret Opara of the Rivers State High Court be […]
The post Bonny Terminal: Oil exports, revenue under threat over court order appeared first on The Sun Nigeria. …

Refineries production capacity down by 18%

Refineries production capacity down by 18%

Adewale Sanyaolu The Federal Government’s failure to turn around its ailing refineries has caused an 18 per cent decline in production capacity. The abysmal performance of the refineries is contained in the latest monthly financial report (April edition) released by the NNPC. The report indicated that Premium Motor Spirit (PMS) popularly called petrol and Dual […]
The post Refineries production capacity down by 18% appeared first on The Sun Nigeria. …

PANDEF kicks against planned sale of OML 25 by Shell

ABUJA—THE Pan-Niger Delta Forum, PANDEF, led by South South leader, Chief Edwin Clark, yesterday, opposed the planned sale of Belema oil field, OML 25,  by Shell Petroleum Development Company, SPDC, to Chrester Nigeria Ltd.
Continue reading PANDEF kicks against planned sale of OML 25 by Shell at Vanguard News. …

Malabu: Italian judge to rule on Nigeria’s oil graft case tomorrow

Malabu: Italian judge to rule on Nigeria’s oil graft case tomorrow

Oil majors Shell and Eni will be carefully monitoring a first ruling this week by a Milan judge in one of the energy industry’s biggest corruption scandals for clues to what might be round the corner for them. The two companies are embroiled in a long-running graft case revolving around the purchase in 2011 of […]
The post Malabu: Italian judge to rule on Nigeria’s oil graft case tomorrow appeared first on The Sun News. …

Wike, Shell, NPA to meet over SNEPCO’s relocation to Lagos

Wike, Shell, NPA to meet over SNEPCO’s relocation to Lagos

Rivers State Governor, Nyesom Wike, is to meet with the top management of Shell Petroleum, the Nigerian Ports Authority (NPA), Oil and Gas Free Zones Authority (OGFZA) and other relevant stakeholders over the planned relocation of the Supply Base of Shell Nigeria Exploration and Production Company (SNEPCO) from the Oil and Gas Free Zone, OnneRead More
The post Wike, Shell, NPA to meet over SNEPCO’s relocation to Lagos appeared first on The Nation Nigeria. …

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