Oil & Gas

Update: Court Orders Buhari To Renew Shell’s License For 20 years

575

 

The Federal High Court in Abuja on Friday, ordered President Muhammadu Buhari, in his capacity as the Minister of Petroleum Resources, to renew the Oil Mineral Lease 11 to Shell Petroleum Development Company (SPDC) of Nigeria for another 20 years.

The presiding judge, Justice Taiwo Taiwo, delivering judgment on a suit filed by Shell, however, ordered that renewal would be for 20 years and not 30 as requested by the company in its suit.

The Federal Government had earlier told the court that its decision not to renew the operating license of the company was in the interest of the nation’s security.

Shell, which is the plaintiff in the case, had approached the court in a suit number: CS/524/19, to seek its intervention over the controversy surrounding the OML 11.

The Minister of Petroleum Resources, President Muhammadu Buhari, is the 1st defendant while the 2nd defendant is the Minister of State for Petroleum Resources, Timipre Sylva.

 

Leave a comment

Related Articles

Pres. Tinubu Felicitates NNPCL CEO Bayo Ojulari on 60th Birthday

President Bola Tinubu has extended his warm congratulations to Bayo Ojulari, the...

NUPRC Gets Comprehensive Audit Report on Oil & Gas Measurement Systems

By Joycelyn Ellakeche Adah The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has...

NNPC Foundation Empowers 531 NYSC Members with Business Starter Packs, ₦531,000 Grants

By Joycelyn Ellakeche Adah The Nigerian National Petroleum Company (NNPC) Foundation officially...

Updated: Tinubu Charges NNPCL Board to Leverage Expertise in Economic Revitalization

President Bola Tinubu inaugurated the NNPC Limited Board at the State House...

Pres. Tinubu Inaugurates Board of NNPCL, Signals New Era

President Bola Tinubu administered the oath of office to the newly appointed...

Minister Kicks Off Building of Bauchi Oil and Gas Academy’s Permanent Campus

By Joycelyn Ellakeche Adah In a move aimed at bolstering human capital...

FG Pledges to Meet 2.5m Barrels Per Day Oil Production Target 

The Federal Government has reiterated its commitment to achieving a daily crude...

Presidential Initiative Rejects Blackmail Attempt by Former CNG Conversion Partner, Threatens Legal Action 

By Joycelyn Ellakeche Adah The Presidential CNG Initiative (PCNGI) has come out...

NNPC Ltd., Chevron Nigeria Ltd. Strengthen Partnership for Gas Development

The Group CEO of NNPC Ltd., Mr. Bashir Bayo Ojulari, has underscored...

NNPCL’s New GCEO, Ojulari, Unveils Visionary Plans for Energy Transformation, Growth

Mr. Bashir Ojulari, the newly appointed Group Chief Executive Officer of the...

Strategic Partnerships Key to Achieving Presidential Mandate, Says NNPCL GCEO

Joycelyn Ellakeche Adah The newly appointed Group Chief Executive Officer of NNPC...

US set to strengthen energy ties with Nigeria, says NNPCL Spokesman, Soneye

The United States and Nigeria have reaffirmed their commitment to collaboration in...

Trump’s Tariff Policies Spark Oil Market Volatility, Threaten Nigeria’s Economy – NMDPRA Boss

The Chief Executive Officer of the Nigerian Midstream and Downstream Petroleum Regulatory...

NNPCL announces new eight-member management team

The Nigerian National Petroleum Company Limited (NNPCL) has unveiled a new eight-member...

Nigeria to Enforce “Drill or Drop” Policy to Boost Oil Production – Lokpobiri

The Federal Government has announced plans to enforce the “drill or drop”...

NNPC Retail Celebrates Female Mechanics, Advocates Inclusivity in Technical Fields

NNPC Retail Limited (NRL) has successfully hosted She-Fix 2025, a landmark event...

Dangote Refinery Suspends Sale of Petroleum Products in Naira, Cites Dollar-Denominated Crude Costs

By Joycelyn Ellakeche Adah Dangote Petroleum Refinery has announced a temporary suspension...

Suspension of Rivers gov, deputy, lawmakers, rape on democracy – Amaechi

Another stakeholder in the politics of Rivers State, ex-Governor and ex-Minister of...

No Explosion at Port Harcourt Refinery, NNPCL Clarifies Incident as Routine Flare

By Joycelyn Ellakeche Adah The Nigerian National Petroleum Company Limited (NNPC Ltd)...

NNPC Ltd Woos Global Investors at CERAWeek, Showcases Nigeria as Investors’ Haven

The Nigerian National Petroleum Company Limited (NNPC Ltd) has urged global investors...