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By Abiola Olawale Environmental Rights Action (ERA) has raised alarm over the continuous flaring of gas by Agip facility -- a Flow Station located in Ogboinbiri, a community in Apoi clan of Bayelsa State, adding that flaring of gas has become life-threatening to residents in the area. According to ERA, air in Ogboinbiri community…
February 23, 2021
By Dotun Akintomide The Shell Petroleum Development Company of Nigeria (SPDC) says allegations of involvement in oil theft at its Bonny Crude Export Terminal is misleading. Recall 2 million barrels of crude deficit between 2016 and 2018 reported at the Bonny terminal operated by SPDC has resulted in a dispute among several oil firms that…
February 20, 2021
By Abiola Olawale Chief Timipre Sylva, Nigeria's Minister of State for Petroleum Resources and a Special Envoy of the Organization of Petroleum Exporting Countries (OPEC) has met with top officials in Equatorial Guinea to discuss OPEC operations there. The minister who was appointed by OPEC as its Special Envoy on 3rd of February, 2021, landed…
February 20, 2021
By Abiola Olawale The Federal High Court in Lagos has granted an interim Mareva injunction directing 20 commercial banks to block accounts of Shell Petroleum Development Company (SPDC) and its affiliate companies, in a bid to recover the cash equivalent to the alleged loss of 1.02 million barrels of crude oil suffered by Aiteo Eastern…
February 18, 2021
By Hamilton Nwosa(Head, The New Diplomat’s Polling, Research & Data desk) So soon in the year, the nation’s power grid suffered its first collapse on Wednesday, plunging parts of the country into a darkness. Two of the electricity nation’s distribution companies, Ikeja Electric Plc and Eko Electricity Distribution Company Plc, disclosed this in messages to…
February 18, 2021
With Agency Report -- In a landmark ruling, the UK Supreme Court on Friday allowed 42,500 Niger Delta farmers and fishermen to sue Royal Dutch Shell (RDS) in English courts after years of oil spills in the region contaminated land and groundwater. Senior judges said there was an arguable case that UK-domiciled Shell, one of…
February 12, 2021
From Ameachi Prosper (The New Diplomat's Delta Correspondent) The United States Government has been urged to encourage ExxonMobil to relocate its headquarters to Akwa-Ibom State as a way of encouraging other international oil companies to follow suit. The state Deputy Governor, Moses Ekpo, made the appeal when the Chief of Political and Economic Affairs of…
February 10, 2021
Agency Report -- Oil producers such as Nigeria and oil companies are at the threshold of another era of oil boom as prices are expected to go higher and higher in the next two to three years. In a sign of what is to come, oil prices rose on Monday to their highest in just…
February 8, 2021
Exceeds Output Cut Target The Organisation of Petroleum Exporting Countries (OPEC) on Wednesday said Nigeria and its other members had achieved 101% adherence to crude oil output cut mandatorily agreed upon last year to curb huge supply glut. This is coming as oil price rose to $58 per barrel yesterday hitting over 11-month high after…
February 4, 2021
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By Abiola Olawale Environmental Rights Action (ERA) has raised alarm over the continuous flaring of gas by Agip facility -- a Flow Station located in Ogboinbiri, a community in Apoi clan of Bayelsa State, adding that flaring of gas has become life-threatening to residents in the area. According to ERA, air in Ogboinbiri community…
February 23, 2021
By Dotun Akintomide The Shell Petroleum Development Company of Nigeria (SPDC) says allegations of involvement in oil theft at its Bonny Crude Export Terminal is misleading. Recall 2 million barrels of crude deficit between 2016 and 2018 reported at the Bonny terminal operated by SPDC has resulted in a dispute among several oil firms that…
February 20, 2021
By Abiola Olawale Chief Timipre Sylva, Nigeria's Minister of State for Petroleum Resources and a Special Envoy of the Organization of Petroleum Exporting Countries (OPEC) has met with top officials in Equatorial Guinea to discuss OPEC operations there. The minister who was appointed by OPEC as its Special Envoy on 3rd of February, 2021, landed…
February 20, 2021
By Abiola Olawale The Federal High Court in Lagos has granted an interim Mareva injunction directing 20 commercial banks to block accounts of Shell Petroleum Development Company (SPDC) and its affiliate companies, in a bid to recover the cash equivalent to the alleged loss of 1.02 million barrels of crude oil suffered by Aiteo Eastern…
February 18, 2021
By Hamilton Nwosa(Head, The New Diplomat’s Polling, Research & Data desk) So soon in the year, the nation’s power grid suffered its first collapse on Wednesday, plunging parts of the country into a darkness. Two of the electricity nation’s distribution companies, Ikeja Electric Plc and Eko Electricity Distribution Company Plc, disclosed this in messages to…
February 18, 2021
With Agency Report -- In a landmark ruling, the UK Supreme Court on Friday allowed 42,500 Niger Delta farmers and fishermen to sue Royal Dutch Shell (RDS) in English courts after years of oil spills in the region contaminated land and groundwater. Senior judges said there was an arguable case that UK-domiciled Shell, one of…
February 12, 2021
From Ameachi Prosper (The New Diplomat's Delta Correspondent) The United States Government has been urged to encourage ExxonMobil to relocate its headquarters to Akwa-Ibom State as a way of encouraging other international oil companies to follow suit. The state Deputy Governor, Moses Ekpo, made the appeal when the Chief of Political and Economic Affairs of…
February 10, 2021
Agency Report -- Oil producers such as Nigeria and oil companies are at the threshold of another era of oil boom as prices are expected to go higher and higher in the next two to three years. In a sign of what is to come, oil prices rose on Monday to their highest in just…
February 8, 2021
Exceeds Output Cut Target The Organisation of Petroleum Exporting Countries (OPEC) on Wednesday said Nigeria and its other members had achieved 101% adherence to crude oil output cut mandatorily agreed upon last year to curb huge supply glut. This is coming as oil price rose to $58 per barrel yesterday hitting over 11-month high after…
February 4, 2021
