May 8, 2013
That Protest at N’ Assembly: The Facts of the Matter – Thisday

When some representatives of five oil communities in Delta State travelled all the way to the National Assembly complex in Abuja late last month, they somehow succeeded in giving life to an over-flogged issue. The issue of operatorship of the oil blocks in which Shell relinquished its stake is perhaps the most explained issue in…

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May 8, 2013
Communities Issue Shell Ultimatum over Neglect – Thisday

The 12 communities in the Estuary of Amata (EA) in Bayelsa State have jointly threatened to shut down oil facilities belonging to the Shell Petroleum Development Company of Nigeria Limited (SPDC) because of the company’s neglect of the people. This came as Shell’s Country Chair and Managing Director of SPDC, Mr. Mutiu Sunmonu, has disclosed…

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May 8, 2013
Lagos Assembly passes Oil and Gas Bill – Thisday

The Lagos State House of Assembly Tuesady passed into law a bill to establish Ibile Oil and Gas Corporation to invest and engage in oil and gas activities in the state and for other related purposes. According to section 2 of the bill, the corporation shall have the powers to engage in all oil and…

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May 8, 2013
Host Communities Back NPDC, Atlantic Energy Oil Deal – Thisday

The Niger Delta Oil Producing Communities (NDOPC) Tuesday expressed  support for the transfer of oil blocks to Atlantic Energy Concept Limited by the Nigerian Petroleum Development Company (NPDC). The group described current agitation by some individuals for the cancellation of  oil leases granted the indigenous operator as a violation of key provisions of the local…

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May 8, 2013
Women in Oil and Gas Targets Crude Oil Proceeds – Thisday

Oil Tank The Women in Oil and Gas (WIO), a Nigerian registered corporation, said it plans to harness part of the N30billion generated daily from the sale of crude oil for the benefits of the Nigerian women. The founder of the organisation and Chairman of Project New Nation, Mr. Charles Dukwe, who stated this during…

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May 8, 2013
Nigeria Loses $37bn Investments to Non-passage of PIB- Thisday

Nigeria has lost $37billion in private sector investments in the oil and gas industry in the last five years due to the non-passage of the Petroleum Industry Bill (PIB), which resulted in industry stagnation between 2008 and 2012, according to a data released by Wood Mackenzie. The report indicated that in 2012 there was a…

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May 8, 2013
NEITI Lauds US Courts Dismissal of Suit against Disclosure Law – Thisday

The Nigeria Extractive Industries Transparency Initiative (NEITI) has commended the recent decision of the United States Court of Appeal to dismiss a lawsuit instituted by organisations in the oil industry to challenge the Dodd-Frank Act. The Act is a U.S law, which requires all U.S. and foreign oil companies to mandatorily disclose publicly all payments…

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May 8, 2013
Subsidy Scam: Defence Counsel Stall Trial of Tukur’s Son, Others – Thisday

Efforts by the Economic and Financial Crimes Commission (EFCC) to call its witnesses in the ongoing trial of Messrs Mahmud Tukur, Ochonogor Alex, Abdullahi Alao and Eterna Plc, at a Lagos High Court for their alleged involvement in a N1.8 billion fuel subsidy scam, were Monday stalled by the defence team led by Wole Olanipekun…

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May 8, 2013
Subsidy Fraud Suspects Challenge Court Jurisdiction – Dailytrust

Mahmud Tukur, son of PDP national chairman Alhaji Bamanga Tukur, alongside Alex Ochonogor and Eterna Oil Plc have challenged the jurisdiction of a Lagos State High Court to entertain the N1.8 billion fuel subsidy fraud charges preferred against them by the Economic and Financial Crimes Commission (EFCC).They argued in an application dated May 3 by…

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