Oil & Gas

Oil Corporation Announces 1st Gas Discovery in 3 Decades

The Sharjah National Oil Corporation (SNOC) and its partner Eni, have announced a successful new discovery of natural gas and condensate onshore in Sharjah. The discovery, named ‘Mahani’ comes within the first year of the partnership and represents the first onshore discovery of gas in the Emirate since the early 1980’s. The Mahani-1 exploration well, located in the Area B ...

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Group Endorses Kyari’s TAPE Initiative, Says it’ll Steer NNPC to Greater Transparency

The Consolidated Transparency Initiative (CTI) has said the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kolo Kyari’s Transparency, Accountability and Performance Excellence (TAPE) has the potential to bring about greater transparency and accountability in NNPC’s management of Nigerian oil and gas revenues. The Group’s chairman, Malam Rufai Tanko, in a statement issued in Kaduna, said ...

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Court Dismisses Wind-Up Proceedings Against Aiteo •Awards N8m Against Petitioner

A Federal High Court, Lagos, today, dismissed a wind-up suit against indigenous oil company, Aiteo Eastern Exploration and Production Company Limited (AEEPC). The court presided over by Justice Olufemi Oguntoyinbo, dismissed the windup suit, following an application made by AEEPC’s counsel, Mr. Emeka Ozoani (SAN) to dismiss the application in opposition to withdraw of the application made by  A. A. ...

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Court Fixes Dec. 10, For Trial of Oil Marketer, Oluokun Over Issuance of $1.6m Dud Cheques

Ayodeji being led to the courtroom by the operatives of the EFCC, during his arraignment on January 21, over alleged issuance of $1.6m dud cheques. Photo: EFCC              An Ikeja Special Offences Court, Lagos, has adjourned the trial of an Oil marketer, Ayodeji Ibrahim Oluokun, who was charged before the court on alleged issuance of ...

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NNDC Board Appointment: Industrialist Congratulates Okumagba, Prophet Erue

Olorogun Bernard Okumagba, Managing Director, Niger Delta Development Commission (NDDC). Prophet Jones Erue, Delta State Representative on the Board of Niger Delta Development Commission (NDDC) Mr. Michael Onoyagbore, Managing Director/CEO, Mytec-Links International Limited, Royalgate Building & Construction Limited               The Managing Director/Chief Executive Officer Mytec-Links International Limited and Royalgate Building & Construction Limited, Mr. ...

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LEDAP Sues Akpabio, Others Over NDDC ‘Interim Committee’

    LEDAP’s Executive Director, Mr. Chino Obiagwu (SAN)           The Legal Defence and Assistance Project (LEDAP) has instituted a suit before a Federal High Court, Abuja challenging the powers of the Minister of Niger Delta Affairs, Godswill Akpabio, to constitute an interim management team to run the affairs of the Niger Delta Development Commission (NDDC). ...

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