Cash Crunch: DPR Rescued Us In April — FG

Wednesday, May 19, 2021 The Minister of State for Petroleum Resources, Timipre Sylva, on Tuesday revealed that the Department of Petroleum Resources (DPR) rescued Nigeria from a financial crisis by remitting funds to the Federation Account Allocation Committee (FAAC) last month. He made this statement in Abuja during an interactive session with newsmen. The Nigerian […]

DPR’s Alternative Dispute Resolution Centre Resolves First Case

Monday, May 17, 2021 The Department of Petroleum Resources (DPR) said that the Oil and Gas Alternative Dispute Resolution Center (ADRC) in Lagos, has successfully resolved its first case. This is in line with the Federal Government’s objective for speedy resolution of disputes in the industry. DPR Head of Public Affairs, Paul Osu, who made […]

Nigeria Confirms Talks with Shell Over Sale of Onshore Oil Assets

Wednesday, May 19, 2021 (Lagos) Nigerian oil minister, Timipre Sylva, confirmed on May 19 that the government is in talks with Shell over sale of the company’s stakes in Nigeria’s onshore oil assets. “The federal government is in consultation with Shell on its divestment plan, although some actually feel that Shell should not hurriedly divest,” […]

Shell in talks with Nigeria to exit onshore oil fields as part of green push

By LAURA HURST on 5/18/2021 LONDON (Bloomberg) –After half a century of pumping oil out of Nigerian swamps, Royal Dutch Shell Plc acknowledged that its spill-prone operations there aren’t compatible with plans to go green. The Anglo-Dutch company has been gradually selling onshore assets in the West African country for more than a decade, as […]

NIMASA to Launch Deep Blue Project to Secure Nigerian Waters

Receives Last Batch of Assets Under Project Sunday, May 16, 2021 In the final phase of the delivery and installation of assets under the Deep Blue Project designed to secure Nigerian waters up to the Gulf of Guinea, Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Bashir Jamoh, received a Special […]