Shell has announced its withdrawal from oil exploration in Nigeria and has reached an agreement to sell its Nigerian onshore subsidiary, the Shell Petroleum Development Company of Nigeria Limited (SPDC), to Renaissance, a consortium of five companies consisting of four exploration and production firms based in Nigeria and an international ener...
Barely 24 hours after the Nigerian Navy, led by the Chief of Naval Staff, Vice-Admiral Emmanuel Ogalla, launched a new outfit, “Operation Delta Sanity” with pomp in Warri, Delta State, to halt oil theft, Tantita Security Services Nigeria Ltd (TSSNL), in collaboration with the Nigerian Security and Civil Defence Corps (NSCDC), has arrested anot...
•Prof Nnimmo Bassey For some years we have seen vested interests grabbing the COP. This started through heavy sponsorship by fossil fuels companies, and metamorphosed into taking the driving seat, presiding over the COP a defiant way of showcasing climate denial. With COP29 in Azerbaijan it will make three COPs in a row to be […]
•FPSO Vessel A retired Admiral in the Nigerian Navy who manned the maritime sector and witnessed the impunity with which the crude oil thieves operated has a message for the government of Ahmed Bola Tinubu: “Direct the military to blow up any ship used in stealing our crude oil, sink the ship with its crew, […]
•Pipeline explosion No fewer than 30 persons have lost their lives in an explosion at an illegal oil tapping point in Omoku, Ogba/Egebema/Ndoni Local Government Area of Rivers State. The tragedy struck Sunday morning, when the youths allegedly broke a pipeline belonging to one of the multinational oil firms operating in the areas and started [...
The Nigerian Air Force (NAF), says the Air Component of Operation Delta Safe, on Dec. 23, destroyed six illegal oil refining sites in Opu Arugbana in Degema Local Government Area of Rivers. This is contained in a statement by the Director, Public Relations and Information of NAF, Air Commodore Edward Gabkwet, today in Abuja. Gabkwet […]
•Folorunsho Alakija Nigerian billionaire, Folorunsho Alakija’s oil company has secured six oil blocks from the Sierra Leonean government. Notice of the signed agreement between Alakija’s oil company and the government of Sierra Leone was made public in a public statement signed by Dr Julius F Sandy, the Secretary to Sierra Leonan President, re...
•Stolen crude oil The vice president, Kashim Shettima, and Nigerian governors have set up committees on crude oil theft and management as well as economic affairs. This decision was taken during the 138th meeting of the National Economic Council (NEC) which was held virtually yesterday. According to a statement by the Senior Special Assistant ...
•Crude oil Operators of the Oza oil field, Decklar Resources Inc., and its co-venturer, Millennium Oil and Gas Company Limited, said they have delivered 75,500 barrels of crude till date to two modular refineries in Edo State. The two refineries are the Edo Refinery and Petrochemical Company (ERPC) facility in Ologbo, Ikpoba Okha Local Governm...
•Barrels of crude oil Oil prices shot up nearly three percent today as more companies suspended shipping through the Red Sea following attacks on vessels by Yemen’s Iran-backed Huthi rebels. Meanwhile US stocks sought to continue last week’s rally on expectations that the US Federal Reserve will cut interest rates next year, although it appear...
The Frontier is Nigeria’s leading online newspaper. It is published by Okims Media Links Limited headed by Sunny Okim, a veteran journalist who is widely known as The Grandmaster, fondly called so by colleagues and friends for being Nigeria’s pioneer movie journalist.
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