As a result of the continued slide of oil price in the international market, the Federal Government plans to further reduce pump price of petrol to reflect...
RESEARCH has shown that commercial banks have started restructuring the tenures of their upstream loans to 10 years, up from five years, using a benchmark of...
THE prospect of OPEC and its rival producers, especially Russia in cooperating to tackle oil supply glut has helped to raise the prices of crude to...
CHAIRMAN of Capital Oil and Gas Industries Limited, Ifeanyi Ubah has sued the Asset Management Company of Nigeria (AMCON) and its Managing Director, Ahmed Lawan Kuru,...
From ODIMMEGWA JOHNPETER, Abuja THE Minister of Power, Works and Housing, Mr. Babatunde Fashola SAN, Monday chaired the Second Monthly Meeting of Operators in the Power...
By Nosa Eresoyen, Asaba Operatives of the Nigeria Civil Defence Corps (NSCDC) in Delta State have arrested six suspected bush burners in Sapele and Oghara communities and six...
According to the crude oil data released by the National Bureau of Statistics, Foreign investment inflow into the Nigerian oil sector has dropped by N35.684 billion...
ROYAL Dutch Shell (RDSa.L), Europe’s largest oil company, Royal Dutch Shell has reported its lowest annual income in at least 13 years, vowing to take further...
A participant at the just concluded 2016 Offshore West Africa Conference in Lagos and Managing Director of PennWell International, Mr. Glenn Ensor has said that oil...
• Says it is illegal. Fashola justifies 45% increase THE Nigeria Labour Congress, Trade Union Congress of Nigeria and Civil Society Organisations have described the decision...