The House of Representatives Public Accounts Committee (PAC) has announced the recovery of an additional $14.2 million (N21.4 billion) from four oil and gas companies – Aradel Energy Ltd, Universal ...

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Many countries form large, state-owned companies to control oil assets and manage their oil sectors. By keeping these companies private, countries maintain some authority over the production ...

Seven of the 23 oil companies indicted in the Auditor-General of the Federation (AG-F) report as owing several millions of dollars to the Federation Account have agreed to refund about $37.4 ...

Storage of metal barrels with oil and gasoline. Environment disaster concept. Pipeline transportation of oil, natural gas or water through metal pipes. Concept of the oil refining industry. The camera ...

HOUSTON, March 11 (Reuters) - U.S. oil production will peak between 2027 and 2030, Occidental Petroleum Corp (OXY.N), opens new tab CEO Vicki Hollub said on Tuesday at the CERAWeek conference in ...

At least seven oil companies indicted in the Auditor General’s report for owing millions in unpaid royalties have committed to refunding approximately $37.4 million to the Federation Account by ...

We may receive a commission on purchases made from links. Broadly speaking, all products can be divided into hedonic and utilitarian categories. The former accounts for the fun stuff, like ...

The House of Representatives said seven oil operators in Nigeria’s oil and gas industry had undertaken to remit a total of $37,435,094.52 (approximately ₦58 billion) to the Federation Account before ...

The house of representatives says seven major oil and gas operators in Nigeria have agreed to remit a total of $37,435,094.52 (approximately N58 billion) to the federation account before August ...

The House of Representatives through its Public Accounts Committee has recovered an additional $14.2 million (N21.4 billion) from four oil and gas companies as part of its ongoing investigation ...