30 Nov 2020
The Federal High Court, Abuja, has set aside the alleged reversal of the consent granted by the Federal Government on the farm-out agreement between Chevron and Transnational Energy Limited ....
29 Sep 2020
Business and management leaders have stressed the need to urgently move corporate leadership in Nigeria, from the traditional and industrial-age mind-set to a more technologically-compliant and digital age. Speaking at the 36th Omolayole Management Lecture (OML), Group Managing Director/Chief Executive Officer, Flour Mills of Nigeria Plc (FMN), Paul Gbededo, argued that it was imperative…
19 Feb 2020
The Department of Petroleum Resources (DPR) has transferred Oil Mining Licence (OML) 98 to the Nigerian Petroleum Development Company (NPDC), stating the Federal Government is considering transferring five others, which were recently revoked.
20 Oct 2019
After 40 years of oil and gas exploration, signs of hope for socio-economic development of the host communities of Oil Mining Lease (OML) 25 have emerged, as government and its joint venture partners have pledged to address the age-long neglect of the area.
11 Oct 2019
President Muhammadu Buhari has apologised to Beleme and Offion Ama communities within the Oil Mining Lease (OML 25) facility in Rivers State for their abandonment by the government in 40 years despite contributing 45,000 barrels daily to the nation’s output.
23 Jul 2019
The Nigerian National Petroleum Corporation (NNPC) says it has signed a 3.15 billion dollars Financing and Technical Services Agreement between Sterling Oil Exploration and other partners for the development of Oil Mining Lease (OML) 13.
28 Jun 2019
Shell Petroleum Development Company has agreed to pay over N1.3 billion to Kula community in Rivers State to enable it resume crude oil production at its shutdown facility. Communities of Oil Mining Licence (OML) 25 in Akuku-Toru Local Council of Rivers State and Shell will on Monday, July 1, 2019 sign a Memorandum of Understanding…
3 May 2019
Members of the Senate Committee on Petroleum (Upstream) yesterday disagreed with the Department of Petroleum Resources...
1 Aug 2018
Transnational Corporation of Nigeria Plc has unfolded plans to convert its Oil Prospecting Licence (OPL) 281 asset (located in Delta state) to Oil Mining Lease (OML) for commercial production by second quarter (Q1) of 2019.