Gov. Babangida Aliyu of Niger state has urged the Central Bank of Nigeria (CBN) to account for the shortfall being experienced in the federation account since...
Vice President of ExxonMobil Production Company Mr Elijah White has urged Federal Government to ensure that the pending Petroleum Industry Bill (PIB) at the National Assembly...
The U.S. will surpass Russia as the world’s top oil producer by 2015, and be close to energy self-sufficiency in the next two decades, amid booming...
Oil prices could drop by as much as $15 per barrel should countries such as Libya restore production and sanctions on Iran be eased, forcing some...
Eni is facing growing problems in Africa as social unrest in the resource-rich continent escalates to threaten production targets on a continent where the Italian oil...
ConocoPhillips said it expects proceeds of nearly $9 billion from the sale of its interests in Kazakhstan, Algeria and Nigeria. Conoco’s plan to focus on North...
The Vice President Namadi Sambo will on behalf of the federal government officially hand over the physical assets of the 14 PHCN Successor Companies to the...
OPEC oil output has fallen in September to the lowest in almost two years because of work at Iraq’s main export outlet, a Reuters survey found...
Nigeria has signed a deal for Chinese state companies to build a $1.3 billion power plant, the federal government said on Sunday that it is part...
The Central Bank of Nigeria (CBN) says it has disbursed over N109 billion to 20 companies in support of the ongoing power reform in the country....
The Federal Government has earmarked $8 billion dollars for the execution of the Nigerian Gas Master Plan with specific interest in meeting the gas-to-power demand in...
The Federal Government has said it has paid a total of N287.352 billion to oil marketers since the beginning of the year under the petroleum subsidy...
The Nigerian National Petroleum Corporation (NNPC) said on Monday that the Federal Government gas revolution agenda was intact. The corporation said that decision of Shell and Chevron...
The Minister of Power, Prof. Chinedu Nebo, said on Monday in Abuja that the country had lost about 35 per cent of its capacity to generate...
The Nigeria Extractive Industries Transparency Initiative (NEITI), yesterday in Abuja said Nigeria lost over 11 billion dollars to crude oil theft and pipeline vandalism between 2009...