oil company

A preliminary approval granted to an oil company to resume crude oil production in environmentally ruined Ogoniland, is threatening to tear apart the bond that tie the people together. Activists, who resisted the despoliation of Ogoni environment by multinationals, namely Shell, … Read...

The National Assembly joint Committee on Niger Delta Development Commission (NDDC) on Tuesday, issued bench warrant on eight oil companies operating for failing to appear at its public hearing. The committee had invited all oil companies operating in the Niger Delta region to defend themselves...

Ibe Kachikwu, minister of state for petroleum resources, says Nigeria is looking at privatising its refineries within 12 months. The minister, who doubles as the group managing director of Nigerian National Petroleum Corporation (NNPC), says his team is working with oil majors on improving the...

Exxon's (XOM) first-quarter profits plunged by 63% to $1.8 billion due to the oil crash. That's the lowest quarterly profit the company has reported since 1999, according to FactSet. The world's largest publicly-traded oil company blamed "sharply lower commodity prices" and overall "challenging...