The Petroleum Act 1969 (as amended) grants powers to the Ministry of Petroleum, acting through the Department of Petroleum Resources (DPR) to administer the licensing of oil blocks in the country.

OPL 245 is probably the most well-known oil block to be awarded by the Nigerian government more for the legal disputes and international arbitrations, with regard to its acquisition and ownership ...

The federal government has expressed its readiness and openness to restoring the production of the Oil Prospecting Licence (OPL) 245, also known as Malabu Oil Well, in order to boost Nigeria’s crude ...

LONDON (Reuters) - An Italian court acquitted Royal Dutch Shell and Italy's Eni on Wednesday of corruption in one of the oil industry's biggest court cases centred around the acquisition of a Nigerian ...

An investigation in Nigeria has turned into the country’s biggest corporate bribery case. Nine executives from Eni and Royal Dutch Shell, and Nigerian officials, face charges in Milan over how they ...

Lagos — The controversies trailing the 2007 bidding may have been laid to rest as Continental Oil and Gas, a member of the Conoil, Group yesterday paid the sum of $55 million (N7.04 billion) to the ...