The federal tribunal sitting in Lausanne Switzerland, in a ruling on Monday gave permission for the content of convicted Nigerian Emeka Obi’s suitcase to be transmitted to Italian prosecutors. Obi, who was convicted in September 2018 with Italian native Gianluka Di Nardo, were accused of serving as middlemen in the controversial sale of Oil Prospecting […]
The Nigerian National Petroleum Corporation (NNPC) with its joint venture partners, Shell Production Development Company (SPDC) and Belema OIL, have resolved the dispute on the operation of Oil Mining Lease (OML) 25. The feuding group at the signing of the dispute closure agreement in Abuja on Tuesday agreed that operations at the oil well would […]
The Federal High Court, Abuja, on Friday, ordered the Federal Government to renew the operating licence of the Shell Petroleum Development Company (SPDC). Justice Taiwo Taiwo, who delivered the judgment, said that though the company had applied for a term of 30-year period for the Oil Mining Lease (OML) 11, the judge however granted a […]
The Nigerian National Petroleum Corporation (NNPC) on Sunday released the list of 15 winners of the crude oil lifting contracts 2019/2020 under the Direct Sale of Crude Oil and Direct Purchase of Petroleum Products (DSDP) arrangement. The publication of the list winners is coming shortly after the new Group Managing Director of the corporation, Mele […]
Preliminary Investigations by BREAKINGTIMES indicates that the President Muhammadu Buhari led administration has reopened the controversial $1.1 Billion Malabu Oil Deal also known as Oil Prospecting Licence 245. Our source reports that President Muhammadu Buhari has sent investigators after the beneficiaries of the US$1.1 billion transferred to Dan Etete and his business associates under the Goodluck Jonathan administration. Oil Prospecting Licence (OPL) […]
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