JONATHAN ADMINISTRATION NEVER SOLD OIL BLOCKS

 A civic and political action group that promotes democracy and good governance, Move on Nigeria, has described as another tissue of lies, the rumour making rounds that former President Goodluck Jonathan sold an oil block for $1.85billion but remitted only a $100 million to government coffers.

The group charged the media and the ruling All Progressives Congress (APC) to quit misleading the public. ‘

 

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NPDC WORKERS THREATEN TO SHUT DOWN CRUDE OIL PRODUCTION

In a renewed move to blackmail the federal government into reversing the withdrawal of the operatorship of some of the oil blocks sold by Shell and other International Oil Companies (IOCs) from the Nigerian Petroleum Development Company (NPDC) to the new buyers, the workers of the company have threatened to shut down crude oil production.

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CHEVRON TO SELL TWO MORE OIL BLOCKS

The current wave of divestments of oil and gas assets by the international oil companies (IOCs) to increase indigenous participation in the industry has received a boost as Chevron has unfolded its plan to offer two more oil blocks to prospective investors.

The US oil major, it was learnt, plans to divest 40 per cent from Oil Mining Leases (OMLs) 86 and 88, both located in shallow waters off Bayelsa State, bringing to seven the number of oil blocks sold by Chevron since 2013.

 

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WAF DEEPWATER BIG 9 PUMP 2.2 MBBLS/DAY

Nine big deepwater blocks offshore West Africa lead crude oil production in the region with impressive 2.193 million barrels per day.

Interestingly, Angola leads in the deepwater production race with 1.298 million barrels per day from just four blocks operated by foreign oil multinationals that rule the West African upstream petroleum industry.

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US COURT ORDERS CHEVRON, BNP PARIBAS TO PRODUCE DOCUMENTS ON DISPUTED OIL BLOCKS

A United States District Court of Harris County, Texas, has ordered Chevron USA Inc. and BNP Paribas Securities Corporation to produce all documents and correspondence between them or their employees or agents and the bidders of Chevron’s disputed Oil Mining Leases (OML) 52, 53 and 55 being contested by Brittania-U Nigeria Limited.

Brittania-U had dragged Amni International Petroleum Development Company Limited, Amni International Petroleum Production Services, Tunde Afolabi, Belemaoil Producing Limited, Belemaoil Producing Corporation and Jack-Rich Tein to the US court for ‘tortious’ interference in the bidding process for the three oil blocks.

 

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