Analysis - NIYI AYOOLA-DANIELS ESQ examines critically, legal issues involved in OPL conversion to OML, with particular reference to the South Atlantic Petroleum case ...

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 oilfield in 2011.

Last year, the OPL tax levy request was defeated, so we have been operating during fiscal year 2011-12 (July 1 through June 30) with the previous year's budget.