Royal Dutch Shell (RDSa.L) has said it will work alongside the British government and European organisations, even though the oil giant was in favour of Britain voting to remain as part of the European Union. “We will work with the UK government and European institutions on any implications for us,” a spokesman said. Although this result has come as a … Read More

The Executive Secretary of the Nigeria Extractive Industries Transparency Initiative (NEITI), Mr. Waziri Adio has explained how the Department of Petroleum Resources (DPR) undervalued eight Oil Mining Leases (OMLs) belonging to the Nigerian National Petroleum Corporation (NNPC), ThisDay reports. While speaking at the corporate head office of ThisDay, Adio said DPR valued NNPC’s 55 per cent stake in the eight OMLs at … Read More

The President of the Nigerian Gas Association (NGA), Mr.Bolaji Osunsanya has said that Nigeria can grow its economy through investment opportunities in its gas sector which currently stands at $55billion, Daily Trust reports. Osunsanya, who said this ahead of NGA’s upcoming business luncheon, expressed optimism for growth in key areas of the gas sector such as exploration and production, processing, supply and … Read More