Oil companies in Nigeria are to undergo a new licensing round, as the Federal Government yesterday, stated that it plans to separate gas leases from oil...
Nigerian Extractive Industry Transparency Initiative, NEITI, Monday, indicted the Federal Government for the high rate of corruption in the hydrocarbon sector of the Nigerian economy. Speaking...
Oil eased toward $66 a barrel yesterday after reaching a 2015 high, as ample current supplies and weak Chinese factory activity countered expectations of a tighter...
The forensic audit conducted by PWC on NNPC to ascertain the veracity of the alleged missing $20 billion from the Federation account is generating furor and...
Major oil marketers have warned that fuel scarcity may linger for a while as the federal government has not paid what it owes marketers who imported...
The Federal Government, yesterday, cut down the importation of premium motor spirit, also called petrol, by 50 per cent for the period April to June 2015....
In its determination to deepen the development of the renewable energy, the African Development Bank, AFDB, has offered to provide a support to the tune of...
Federal government of Nigeria has reduced electricity tariff by over 50% with just days to the presidential elections, which is expected to be keenly contested between...
The Republic of Cote D’ Ivoire has signaled its intention to procure Liquefied Natural Gas (LNG) supplies from Nigeria in support of its growing power needs....
The Senate Joint Committee on the Petroleum Industry Bill, PIB, yesterday, disclosed that it has finished working on the Bill and is proposing a privatisation of...
A consortium led by FirstGate Group has signed a Memorandum of Understanding, MoU, with the Federal Government to build two separate 1,000MW gas fired and solar...
Seplat Petroleum Development Company Plc, Thursday, said it has acquired Chevron Nigeria Limited’s 40 per cent stake in Oil Mining Lease 53 in the Niger Delta...
The Nigerian National Petroleum Corporation, NNPC, and the Nigerian Petroleum Development Company, NPDC, have been indicted by the PriceWaterHouse Coopers’ (PWC) forensic audit report for failing...
Oil prices fell on Wednesday after a new build in U.S. crude stock levels put a global glut back in focus. U.S. crude futures were down...
The Major Oil Marketers Association of Nigeria (MOMAN) on Friday said that the pump price of diesel can not be reduced, until there is stability in...