According to the Chairman of the Senate Committee on Petroleum (Downstream) Magnus Abe, plans are under way by the Senate to put refining of crude oil on first-line charge to check alleged excesses in the nation’s oil sector and encourage local refineries. First-line charges are allocations that do not pass through the Presidency, but are [...]

A district court in The Hague had ruled that R oyal Dutch Shell’s Nigerian subsidiary was responsible for a case of oil pollution in the Niger Delta and ordered it to pay damages in a decision that could open the door to further litigation. The Dutch court said Shell Petroleum Development Company of Nigeria Limited, a [...]

Nigeria losses over $1b (N157bn) to gas flaring every year. The Group Executive, Gas and Power, NNPC said this while speaking on the theme, Gas Flare Out: Challenges and the Way Forward. He said that only 12 per cent of the country’s Liquefied Natural Gas was consumed for power and industrial uses. To improve gas [...]