oil
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People & Money
Shell Staff Orchestrate Oil Spills to Capture Budgeted Clean Up Funds
Staff of Shell Petroleum Development Company (SPDC), the Nigerian unit of Hague-based Royal Dutch Shell, coordinated the rupturing of oil…
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People & Money
Oil Price Rises as the World Rolls Out Mass Coronavirus Vaccination
Oil prices rose on Wednesday, cutting back losses recorded in early trading, as the news of coronavirus vaccines boosted investors’…
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People & Money
Nigerian Markets Last Week: Oil Rallies on OPEC+ Agreement, Cryptocurrencies Record Weekly Gain
The Nigerian Markets report for the week ended December 4, 2020. Stock Market The Nigerian Stock Exchange All-Share Index and…
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People & Money
OPEC and Russia Seal Pact to Increase Oil Output in January
The Organisation of Petroleum Exporting Countries (OPEC) and its Russia-led allies, in attempting to measure the strength of the economy…
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Uncategorized
Niger Delta: Oil Installations under Threat as 36 Militant Groups Make Demands
After carrying out attacks on gas and crude oil pipelines in Bayelsa State, the newly formed Continuous Emancipation of Niger…
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Uncategorized
Oil Sector Unemployment Rises to 40%, Poses Security Risks in the Niger Delta
Energy firms in Nigeria are beefing up security while anticipating further possible job cuts even as the unemployment rate in…
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People & Money
Anticipating Biden Shift to Renewables, Shell Shuts 53-Year-Old Refinery
Royal Dutch Shell has unveiled its intention to start the process of shutting down its refinery in Convent, near New…
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People & Money
Niger Delta May Get Another Federal Commission to Manage 13% Derivation Fund
The proposal to set up National Derivation Commission (NDC) will definitely run into strong opposition in the Niger Delta. It…
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People & Money
MOSOP Vows to Block Resumption of Oil Exploration in Ogoniland
The Movement for the Survival of the Ogoni People, MOSOP, on Monday vowed not to allow the resumption of oil…
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People & Money
Coronavirus Resurgence Poses Risk to Nigeria’s 2021 Nigerian Budget
The second wave of the COVID-19 pandemic in Europe, which caused oil prices to plummet in the international market, has…
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