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...
Nigeria’s electricity generation capacity yesterday hit 4,132.7 megawatts (MW) from about 3,300mw recorded last week. The increase can be attributed to the reopening of the about...
Nigeria has announced plans to build modular refineries with capacity of between 20,000 to 25,000 barrels per day to boost domestic fuel supply. Mr. Tim Okon,...
Power supply in Nigeria is set to increase significantly, as the Nigerian National Petroleum Corporation said that the Trans Forcados oil pipeline has been reopened. Mr....
Director, Advisory, Oil and Gas, Price Water House Ltd. Mr Ritch Wingo said oil companies may lay off workers due to the drop in oil price...
The International Monetary Fund, IMF, yesterday, lowered its forecast for global economic growth in 2015, and called on governments and central banks to pursue accommodative monetary...
The Federal Government in Abuja signed a Memorandum of Understanding (MoU) with nine oil companies for the supply of gas for power generation in Nigeria. They...
The Managing Director of Stanbic IBTC, Mrs Sola David-Borha, said that some Nigerian banks had raised three billion dollars (N465 billion) as acquisition finance in the...
The Central Bank of Nigeria, CBN has offset the N36.9 billon legacy debt owed to gas suppliers by the power sector under the defunct Power Holding...