Oil & Gas

PIA: Engr. Olaye Steps Down as Chairman of HCDT in OML 42

Engr Dr. Olaye Messiah Doupade, who recently assumed the Chairmanship of the OKOEA Host Community Development Trust (HCDT) in OML 42, has stepped down...

Tantita Security Reveals Devastation of Nembe Creek Trunk Line in Oil Theft Saga

Dr. Paul Bebenimibo, Media Consultant for Tantita Security Services Nigeria (TSSL), made a startling revelation before the Nigeria Union of Journalists (NUJ) in Abuja...

NUPRC Registers 103 Host Communities for Petroleum Industry Act’s Development Trust

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has registered 103 communities to benefit from the three per cent Host Communities Development Trust (HCDT) established...

Chevron Nigeria Secures $1.4 Billion Investment for Drilling Projects Around Escravos

Chevron Nigeria Ltd (CNL) has successfully secured $1.4 billion in financing for its NNPCL/CNL JV infill drilling program, spanning 2022 to 2026. This initiative...

Shell to Sell Nigerian Onshore Subsidiary SPDC for $2.4 Billion to Renaissance Consortium

Shell Plc has agreed to sell its Nigerian onshore subsidiary, The Shell Petroleum Development Company of Nigeria Limited (SPDC), to Renaissance, a consortium of...

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