A Federal High Court in Lagos will on September 30, 2016 hear the suit filed by the federal government against Nigerian subsidiaries of United States multinational Chevron, British-Dutch Shell, Italian ENI’s Agip, France’s Total and Brasoil of Brazilian Petrobas.
Nigerian Agip Oil Company, a subsidiary of Italian oil major, Eni, said it had embarked on the development of the Zabazaba deepwater project offshore Nigeria despite the low oil price environment.
Hopes for a quick rebound of Nigeria’s crude oil production to pre-January 2016 levels of 2.2 million barrels per day, suffered another setback at the weekend following the attack on the pipeline operated by Nigerian Agip Oil Company (NAOC), and resulting in the loss of 10,000 barrels per day (b/d).
The federal government has suspended West African Ventures (WAV) from participating in ongoing and future tenders in Nigeria’s oil and gas industry for violating the Nigerian Oil and Gas Industry Content Development (NOGICD) Act of 2010, better known as the Nigerian Content Act.
The Executive Secretary of the Nigeria Extractive Industries Transparency Initiative (NEITI), Mr. Waziri Adio has explained how the Department of Petroleum Resources (DPR) undervalued eight Oil Mining Leases (OMLs) belonging to the Nigerian National Petroleum Corporation (NNPC).
The delay in the construction of the multibillion dollar upstream gas supply projects to feed Chevron’s Agura Power Plant, ExxonMobil’s Qua Iboe Power Plant and Total’s Obite Power Plant has delayed the projects, which were conceived by the administration of former President Olusegun Obasanjo as part of the efforts to monetise Nigeria’s gas resources, reduce flaring and boost electricity generation.
Suspected militants have attacked and set ablaze a pipeline belonging to the Nigerian Agip Oil Company (NAOC) at Ikienghenbiri community in Southern Ijaw Local Council of Bayelsa State. 
There were indications on Tuesday evening that armed militants operating in the Niger Delta may have again blown up a gas pipeline operated by Nigerian Agip Oil Company (NAOC) at Ogbembiri in Southern Ijaw Local Government Area of Bayelsa State.
The Nigerian Agip Oil Company is losing about 16,000 barrels of crude oil per day due to explosion that recently rocked its pipelines in Bayelsa State, Eni, Italian energy firm and parent company of Agip, has said.
A Federal High Court sitting in Port Harcourt has advised Arco Group Plc and Nigeria Agip Oil Company to explore out-of-court settlement of the gas plant maintenance contract dispute brought before it.
The Bayelsa State Government has sent a protest letter to the Nigerian Agip Oil Company complaining about the pollution of the state’s environment as a result of alleged oil spillage from the firm’s facilities.
Consistent trend of explosions leading to needless deaths has trailed the company’s operations, hence the need for the Federal and state government to set up an investigative panel to review its operations as well as its spill contingency plans and protocols, which have so far put production and profit at the fore and left safety in the back seat.
The Presidency may have waded into the impasse between the Nigerian unit of Italian oil giant, Nigerian Agip Oil Company, NAOC, and indigenous oil service company, Arco Petrochemical Engineering Company Plc, with a view to resolving the crisis, which is now before a Port Harcourt Federal High Court.
