High Court orders FG to renew Shell’s lease on OML 11

Aug 26, 2019

The Federal High Court in Abuja on Friday ordered the Minister of Petroleum Resources, President Muhammadu Buhari, to grant the renewal of the Oil Mineral Lease 11 to Shell Petroleum Development of Nigeria without the reduction in the size of its field coverage. Justice Taiwo Taiwo, in his judgment delivered on Shell’s suit, however, ruled…

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Ninth N’Assembly to conclude PIB – NNPC

Aug 23, 2019

Nigerian National Petroleum Corporation (NNPC) has said the Petroleum Industry Bill (PIB) which has been with the National Assembly for years would complete its enactment process in the present Ninth Assembly. This is even as the power generation companies (GenCos) faulted the plan by the federal government and Siemens AG to raise the country’s power…

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UK court to allow firm seize $9bn in Nigerian assets over gas dispute

Aug 16, 2019

An Irish-owned firm was today granted court permission to seize up to $9bn (£7.4bn) in assets from the Nigerian government. A British judge said that Process and Industrial Developments Ltd (P&ID) can take 20 per cent of Nigeria’s foreign reserves. The move will likely raise concerns among foreign investors. The saga dates back to a…

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FG declines renewal of Shell’s OML 11 over national security

Aug 16, 2019

The Federal Government Thursday told an Abuja Division of the Federal High Court that its decision not to renew the operating license of Shell Petroleum Development Company (SPDC) was in the interest of the nation’s security. The oil giant in the legal action is seeking an order of the court to compel the Federal Government…

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DPR seals off 15 filling stations, 2 gas plants in Osun

Aug 9, 2019

Officials of Department of Petroleum Resources (DPR), on Thursday, sealed 15 filling stations and two gas plants in Osun over non-compliance with global best practices. The stations were sealed off at different locations during the department’s routine surveillance on filling stations and gas plants. The DPR’s Operations Controller in the state, Ademola Makinde, while speaking…

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DPR shuts 53 filling stations, 4 gas stations in Kaduna

Aug 7, 2019

The Kaduna zonal office of the Department of Petroleum Resources (DPR) has sealed 53 filling stations and four gas stations over various offences including hoarding, diversion, and under-delivery among others. Zonal Operations Controller, Kaduna Zone, Isa Tafida, disclosed this to newsmen, yesterday, during the department’s routine surveillance on filling and gas stations in the state.…

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DPR reduces oil licensing turnaround time to 72 hours

Aug 6, 2019

The Department of Petroleum Resources (DPR) on behalf of the Federal Government says it has reduced the turn-around time for licensing and license renewal for all categories of service providers in the industry from an average of three weeks per application to a record 72 hours. Speaking in Lagos at the 2019 Society of Petroleum…

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NNPC pledges to push for passage of petroleum legislation

Aug 2, 2019

The Nigerian National Petroleum Corporation (NNPC) and the Nigerian Guild of Editors (NGE) have expressed their readiness to work together to enlighten members of the 9th National Assembly on the need for the accelerated passage of oil and gas industry-related bills in order to create the right environment to attract more investments. The accord was…

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SON seizes container filled with substandard LPG cylinders

Aug 1, 2019

The Standards Organisation of Nigeria (SON) has seized a 40 feet container stocked with substandard LPG cylinders worth over N38 million. The Director General, SON, Osita Aboloma, who disclosed this in a statement, explained that the cylinders failed to meet the safety requirement and as such, poses threat to human lives and property in the…

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Court provides relief for Nigeria’s drilling rig operators

Jul 28, 2019

Operators of drilling rigs are heaving a sigh of relief from the strong arm tactics of the Nigerian Maritime Administration and Safety Agency and its debt collection agencies following the decision of the Court of Appeal which declared that the extension of the Cabotage Act to drilling rigs by the Transport Minister’s Cabotage Guidelines is…

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