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Legacy Debts Prompt Nigeria To Revoke Six Oil Block Licenses

2019-06-06 15:21:26| OGI

The action comes as Nigeria takes a more aggressive approach to collecting taxes and royalties that the country says it is owed.

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Nigeria 'loses $6bn' from shady oil deal

2018-11-26 01:06:23| BBC News | Business | UK Edition

The oil giants Eni and Shell are accused of knowing a deal for an oilfield would involve others paying bribes

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Exxon Mobil makes oil discovery offshore Nigeria

2016-10-31 01:00:00| Offshore Technology

US-based Exxon Mobil has announced a significant oil discovery with a potential recoverable resource of between 500 million and one billion barrels on the Owowo field, located offshore Nigeria.

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Oil prices rise due to supply disruptions in Nigeria and strong Chinese oil data

2016-06-08 01:00:00| Offshore Technology

Oil prices have increased due to ongoing supply disruptions in Nigeria after militant attacks and strong Chinese oil demand data.

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Nigeria state oil firm 'withheld $25bn'

2016-03-22 12:22:33| BBC News | Business | UK Edition

Nigeria's state-owned oil firm failed to pay the government $25bn over five years, the nation's fiscal commission says.

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