Nigerian Petroleum Development Company
Nigeria, partners to decide on $10b NLNG gas project next week
The Final Investment Decision (FID) of the $10 billion worth Nigeria Liquefied Natural Gas (NLNG) train seven project would be taken next week,
Tribunal awards $1.7b to FG over Brass, Forcados Assets
An arbitral tribunal at the Lagos Court of Arbitration yesterday awarded $1.69 billion in favour of Nigerian Petroleum Development Company (NPDC) Limited in the suit between Atlantic Energy Drilling Concepts Nigeria Ltd, Atlantic Energy Brass Development Ltd and NPDC. Atlantic Energy Drilling Concepts and Atlantic Energy Brass Development instituted the suit on August 15, 2016,…
Militants blow up oil pipeline
Nigerian militants on Sunday blew up a state-run pipeline in the restive oil-producing south, in the latest act of sabotage aimed against the strategic sector, a local official said.
Militant attacks, oil bunkering push economy to the brinks
Nigeria’s economy is sliding downwards due to tumbling crude oil price, unabated illegal oil bunkering and catastrophic attacks on critical oil and gas installations by militants in the Niger Delta.
JV funding swallows government oil revenues
To show its commitment to treating Joint Venture (JV) funding as a first line charge, the Federal Government deployed almost 100 per cent of its revenue earnings ...