The United Kingdom Supreme Court on Wednesday ruled in favour of British multinational oil and gas company, Shell over a 2011 offshore oil spill. The apex court ruled that it was too late for Nigerian claimants to sue Shell subsidiaries over a 2011 offshore oil spill. The case was one of a series of legal battles Shell has been fighting …

The fuel subsidy debate took the front burner of a policy conversation and book presentation attended by eminent personalities in Abuja yesterday. Some of the dignitaries — former Emir of Kano, Lamido Sanusi; Kaduna State Governor Nasir El-Rufai, and World Bank Country Director in Nigeria, Shubham Chaudhuri — said the policy should be stopped because of its negative impact on …

President Muhammadu Buhari will inaugurate the Dangote Refinery on May 22nd – a week to the end of his eight years in office. This was announced on Sunday by the President’s Special Assistant on Digital Communications, Bashir Ahmad on his Twitter handle. “Efforts by the Federal Government to make Nigeria self-sufficient in local refining of crude oil to save the …

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has said that it would support indigenous oil companies with the right policies and regulations to grow. During a visit to the exhibition booth of Green Energy International Limited at the Offshore Technology Conference in Houston, Texas, United States, NUPRC Chief Executive, Engr. Gbenga Komolafe said that the oil and gas industry regulator …

The Corps Marshal, Federal Road Safety Corps (FRSC), Dauda Biu has cautioned against the conveyance of explosive materials like gas cylinders in passenger vehicles. In a statement by the Corps Public Education Officer, Assistant Corps Marshal Bisi Kazeem on Saturday in Abuja, Biu also warned drivers against excessive speed to avoid crashes while on the road. The Corps Marshal said …

The planned removal of petrol subsidy, scheduled for June, this year, has been suspended by the Federal Government. This was one of the highlights of the National Economic Council (NEC) meeting in Abuja on Thursday. The Minister of Finance, Budget and National Planning, Dr Zainab Ahmed told State House correspondents shortly after the valedictory NEC meeting presided over by the …

Nigeria has lost an opportunity to produce and sell about 65.7 million barrels of oil in the last one year due to issues bothering on pipeline vandalism and the resultant oil theft. This translates to about N2.3 trillion loss in oil revenue if the prevailing exchange rate and average oil price are used. At the just concluded Nigerian International Energy …

Stakeholders in the petroleum industry at the weekend frowned over the Federal Government’s proposed $800 million fuel subsidy palliative to be shared with Nigerians. As part of a palliative targeted at easing the pains of the citizens, $800 million has been proposed for distribution to 10 million households. But in an interview with Energy Vanguard, the Director of Emmanuel Egbogal …

A Non-Governmental Organisation, Justice Now Coalition has called on the Federal Government to obey the court judgement on the case of wrongful removal of Senator Ifeanyi Araraume as non-executive Chairman of the board of the Nigeria National Petroleum Company Limited (NNPCL). In a statement by its National Coordinator, Tony Erha, the group said compliance with the court order would impress …

As Nigeria navigates the third year of implementing the Decade of Gas Programme of the Federal Government, the Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Mr. Simbi Kesiye Wabote has advocated for action parties to provide annual status reports of the successes, issues, support required, and target completion dates. He made the recommendation at the just …