Aiteo Eastern E&P has brought a lawsuit brought against oil giant Royal Dutch Shell’s Nigerian Subsidiary for allegedly diverting 16 million barrels of crude from the indigenous oil company. According to a ThisDay report, there are strong indications that last Tuesday’s injunction of a Federal High Court, Lagos, barring Royal Dutch Shell’s Nigerian subsidiary from withdrawing…
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Chairman of Heirs Holdings, Tony Elumelu Heirs Holdings (“HH”), the leading African strategic investor, in partnership with affiliated company Transnational Corporation of Nigeria Plc (“Transcorp”), Nigeria’s largest publicly listed conglomerate, announced today the unconditional acquisition of a 45% participating interest in Nigerian oil licence OML 17 and related assets, through TNOG Oil and Gas Limited (a related company of Heirs…
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With graceful gait, he takes some unmistakable steps into the room. The expansive smile on his face belies the tremendous pressure that goes with the office he occupies. Yet, his incandescent grin signposts the successes he has achieved as Nigeria’s Minister of State of Petroleum Resources. Dr. Ibe Kachikwu in this interview with OB Focus–…
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Since the beginning of this year, OnoBello.com– the website, started writing short personality focused features we titled OB Focus– aimed at captains of industries in different sectors of the economy; Politics, Banking and Finance, Business, Youth Empowerment and so on. Today, I am excited because just before the closing of the year 2018, these short features have blossomed into…
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The Nigerian National Petroleum Corporation (NNPC) has signed a Memorandum of Understanding (MoU) worth 50 billion dollars with some Chinese companies for infrastructure development in oil and gas sector. The information is contained in a statement issued by the Corporation on Wednesday in Abuja. It stated that “NNPC wishes to announce the recent landmark…
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