Oil/Gas Reports

Nigeria oil firm, NNPC Headquarters, Abuja

How top Nigeria Officials fell victims to shadowy Mexican Oil syndicate

Ramirez and Salazar are accomplices now working through SAMANO SA DE CV, a shadowy company registered in Mexico as a marketing company.

Ondo State Governor Rotimi Akeredolu [PHOTO CREDIT: rotimiaketi]

Ex-Ondo NMA Chairman dies of COVID-19

The Ex-NMA chairman, Matthew Adeyeri, was taken to the Federal Medical Centre, Owo, on Wednesday after he was suspected to have contracted COVID-19.

Eterna PLC filling station used to illustrate the story. [PHOTO CREDIT: Official website of Eterna PLC | eternaplc.com]

Court strikes out fuel subsidy case against Mahmud Tukur, Eternal Plc

Eternal Plc, which is listed, has since informed the Nigerian Stock Exchange of the outcome of the case.

National oil companies with $3.1 trillion in assets dangerously under-scrutinised – NRGI

Research done using the new open National Oil Company Database revealed that many state enterprises fail to disclose information critical to the oversight of public revenues.

From left: President Muhammdu Buhari; Gov Rochas Okorocha of Imo; Gov Abdullaziz Yari of Zamfara State; Gov Kashhim Shettima of Borno; Gov Jibrilla Bindo of Adamawa during a meeting of the President with APC Governors at the Presidential Villa in Abuja on Tuesday (3/4/18)

ANALYSIS: N25 trillion FAAC distribution and lingering financial challenges of state governments

“While FAAC disbursement to states is a constitutional arrangement, it cannot be stopped by sheer discretionary measures. However, there must be a political will to ensure that states’ IGR Surpass federal allocations.”


AKK Gas Pipeline Project: Consortium battles NNPC over attempt to hijack contract

NNPC wants the Federal Executive Council to approve termination of the Lot 2 contract.


Malabu Scandal: Shell, Eni await fate as Italian court rules on $1.1 billion ‘bribe’

Shell and Eni paid the money through the Nigerian government to controversial businessmen.

Oil rig used to illustrate the story.

SPECIAL REPORT: How Nigeria loses trillions of Naira to deep offshore oil explorations

Other countries make billions of dollars from similar deep offshore wells.


50 firms win contracts to lift Nigeria’s crude in 2018/2019 (FULL LIST)

The firms would lift over 700,000 barrels per day of crude oil.

OML30 and communities

OML30 communities protest removal of Salvic Petroleum Resources

The Communities and their leadership see no justification in terminating SALVIC.

Former Attorney-General of the Federation, Bello Adoke.

Malabu Scandal: Court says Adoke ‘not liable’ for obeying Jonathan’s directives

The Court says the former attorney general merely performed his constitutional duties.

Chambers of the Nigerian Senate used to illustrate the story.

Senators trade words over oil producing status of Anambra, Kogi states

The three states are laying claims to being oil producing states.

Oil spill caused by damaged riser

Oil spill: Agip, host community bicker over compensation, clean-up

Ruptured pipes had discharged 180 barrels of crude into the environment.

Former Nigerian oil Minister Dan Etete, involved in the Malabu Scandal. [Photo credit: THE REPUBLICAN NEWS]

Swiss authorities block bank accounts linked to Malabu Oil scam

Three bank accounts in Lugano, Basel and Geneva were blocked, according to media reports.


Russia plans to fully comply with OPEC-non-OPEC oil deal in April – Energy Minister

Russian Energy Minister Alexander Novak made the announcement on Tuesday.

Oil rig used to illustrate the story.

Oil price rises

Brent crude futures were fetching $69.67 per barrel, up 33 cents, or 0.5 per cent.

Shell reports falling profit amid oil price slump

Former Shell Vice-President named in fresh Nigerian oil scandal

Shell admits that a crime might have been committed in the new OML 42 deal.


PIGB: Marketers advocate two oil industry regulators

“The idea of a single regulator for the entire sector runs contrary to industry standards.”

Bill Gates to Nigerian govt: Shift your attention from oil

Mr. Gates, a billionaire businessman, says Nigerian farmers are failing because of poor funding.

Alleged N650 billion debt: Oil marketers allegedly lay off staff

The marketers say the debt is killing their operations.

Oil barrels used to illustrate story [Photo Credit: Independent.co.uk]

Oil prices rise on Middle East tensions, healthy demand

Brent sweet crude futures were at 67.66 dollars per barrel.

Port Harcourt Refinery

Seven firms bid to buy Zambia’s oil refinery

The refinery produces 24,000 barrels a day of petrol.

Nigeria oil firm, NNPC Headquarters, Abuja

Oil prices jump, Brent hits approximately $70

OPEC and other producers have cut output to reduce a global crude glut.

A waterbed filled with oil due to spillage

Shell, Eni negligent over Nigerian oil spills – Amnesty International

“Shell and Eni claim they are doing everything they can to prevent oil spills but Decoders’ research suggests otherwise.”

Lagos High court

After five year-trial, Court clears oil marketer

The judge says prosecution failed to present ‘substantial evidence’ to prove its case.