WARRI—Urhobo nation has condemned the ongoing bid process for 57 marginal fields, saying that they would not tolerate a situation where sons and daughters of the ethnic nationality with the capacity to own marginal fields in their communities were shut out in the process.Read More
THE Depart- ment of Petroleum Resources, DPR, yesterday, disclosed that more than 600 companies have applied to be prequalified for the ongoing bid rounds of 57 marginal oilfields in the country.Read More
Iraqi anti-government protesters blockaded an oil field and rallied in southern cities Sunday while political factions remained paralysed in their attempts to form a new government. Several hundred people demanding jobs shut off access to the Nasiriya field, 300 kilometres (190 miles) south of Baghdad, which produces 82,000 barrels of oil per day, executives said.
Uyo—A group, Akwa Ibom Leaders Vanguard, has alleged that there had been massive oil revenue theft in the past three years, demanding the publication of the state’s actual production from each of its oil fields.Read More
THE Association of Imo Petroleum Marketers and Dealers, AIPMD, has revealed that there are over 160 oil fields in the state.Read More
Dangote Group, controlled by Africa’s richest man Aliko Dangote, is considering the purchase of Nigerian oil fields as international companies plan to sell onshore assets in Nigeria.Read More