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Oil polluted Nigerian communities can sue Shell in UK supreme court

The UK Supreme Court has ruled that oil-polluted Nigerian communities can sue Shell in English courts. The decision is a victory for the communities after...

Oil prices climb back to pre-pandemic levels

The price of oil has recovered to its pre-pandemic levels having hit an all-time low last year. While demand for oil is still lower than...

COVID-19: Shell suffers huge loss

Oil giant Royal Dutch Shell sank to a net loss of $21.7bn (£16bn) last year after the coronavirus pandemic caused demand to slump. The announcement...

PIB: Senate President pushes for reduced cost of crude oil production

President of Senate, Ahmad Lawan has pushed for a cost reduction in the  production of crude oil by International Oil Companies operating in Nigeria. According...

Wike frees 22 quarantined Exxon Mobil workers

Governor Nyesom Wike of Rivers has freed 22 Exxon Mobil Corp. employees quarantined last week after their arrest for violating an order restricting movement...

Nigeria seeks $62b from oil companies – Malami

Nigeria is seeking $62 billion from oil companies under regulations that allow the government to revisit revenue-sharing deals on petroleum sales if crude prices...

Oando sells Axxela stake to Helios for $41m

Oando said on Thursday it had sold its 25 percent stake in local gas and power company Axxela to majority investor Helios Investment partners for $41.5 million

US flooding Europe with crude oil, as Nigeria, OPEC suffers

US oil producers are reaping the benefits of OPEC’s efforts to balance the crude market by flooding Europe with a record amount of crude,...

PENGASSAN begins nationwide strike in Nigeria as fuel scarcity heightens

The Petroleum and Natural Gas Senior Staff Association of Nigeria, PENGASSAN, one of Nigeria’s largest oil unions launched a nationwide strike on Monday over...

Nigeria: Exxon Mobil workers begin industrial action

Nigerian workers at US oil major Exxon Mobil Corp have gone on strike in protest over the sacking of workers, oil labour union officials...

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