Heirs Oil and Gas Ltd, ND Western Ltd compete to buy Shell’s stake in Nigerian oil fields
Heirs Oil and Gas Ltd. and ND Western Ltd. are vying for Shell’s 30% stake in the joint venture, which manages assets in the Niger Delta and offshore areas.
Tag: Shell Nigeria
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4.36 million oil barrels lost to power outage, others, says NNPC
According to data in NNPC’s latest monthly report, a total of 4.36 million barrels of oil could not be produced in the period as a result of the shutdowns.
Court orders CBN to pay Ogoni community N182.7bn over Shell’s oil spillage
The Federal High Court in Abuja has ordered the Central Bank of Nigeria to pay a judgment sum and interest of N182.7bn to Ogoni community from the account of First Bank of Nigeria. FBN manages the account of Shell Petroleum Development Company which the court compelled to pay the sum for causing damage to the…
Nigeria begins talks with oil majors to end $62bn dispute
Government claims it’s owed money as price of crude has risen Justice minister says possible settlement isn’t ‘out of sight’ The Federal Government of Nigeria began preliminary talks with international oil companies to settle a dispute over revenue. The government, citing a 2018 Supreme Court ruling, says it’s entitled to $62 billion from the companies…
SPDC, Belema resolve oil dispute, resume operations
By Oke Peter The Nigerian National Petroleum Corporation (NNPC) with its joint venture partners, Shell Production Development Company (SPDC) and Belema Oil, have resolved the dispute on the operation of Oil Mining Lease 25. The feuding group at the signing of the dispute closure agreement in Abuja on Tuesday agreed that operations at the oil…
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