Tag: oil
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Wike Advocates 10% Revenue for Oil-bearing Communities
Governor Nyesom Wike of Rivers State is advocating for not less than 10 percent oil revenue to oil-bearing communities in the Petroleum Industry Bill...
Bayelsa Community Threatens to Shutdown Shell’s Facilities over Oil Theft
Anglo-Dutch oil and gas major, Shell, is locked in a bitter dispute with the Nembe people of Nembe Local Government Area in Bayelsa State.
Well-informed...
Bayelsa Communities Lock Horns With American Big Oil Over Spill
American oil giant’s subsidiary, Chevron Nigeria Limited (CNL) is currently locked in a bitter dispute with some of its host communities in Bayelsa State....
Oil falls on mounting COVID-19 cases, supply concerns
Oil edged lower on Friday, falling more than two per cent on the week as COVID-19 cases surged globally and oil supply is set...
Oil Importance As Energy Source Is Receding, New UNCTAD Report Says
As highlighted recently by the collapse of prices due to oversupply and weak demand resulting from COVID-19, the importance of oil as a source...
