Assets worth N771 million belonging to oil marketers who underpaid for petroleum products supplied them from the Kaduna depot of the Pipeline and Products Marketing Company,...
The Nigerian Electricity Regulatory Commission (NERC) has granted certificate of ‘no objection’ to 121 metering firms to procure and install electrical meters to yet-to-be metered power...
Data from the Nigerian National Petroleum Commission, NNPC, suggest that Nigeria is losing billions of naira on a monthly basis, due to the inability of the...
Secretary General of the Organization of Petroleum Exporting Countries, OPEC, Dr. Mohammed Barkindo, has debunked the rumours that oil may be on the verge of demise,...
Nigeria’s power sector, privatized five years ago is on the brink of bankruptcy due to a debt of N4 trillion which is almost crippling operators in...
Dutch Public Prosecutor’s Office (DPP), says that they are nearing the conclusion of their investigation and are preparing to prosecute Royal Dutch Shell plc for its...
Oil prices dipped on Thursday, dragged down by weakening factory output in China and Japan and record U.S. crude output, although markets remained relatively well supported...
Nigeria is the destination for new projects in the oil and gas industry in Africa valued at over $48 billion, the Group Managing Director of the...
The Nigerian National Petroleum Corporation, NNPC, has indicated that output from the new ultra-Deepwater Egina field would be classified as condensate and not oil, adding that...
There are strong indications that gas marketing franchise holders have rejected the new gas pricing template issued by federal gazette Number 2 of January 4,...