The Minister of Petroleum Resources, Mrs Diezani Alison-Madueke, on Tuesday said government would reduce gas flaring from 11 per cent to two per cent in 2014....
The Pipelines and Product Marketing Company (PPMC) has called on the international community to criminalise the buying of stolen Nigerian crude and treat it as “blood...
The Transmission Company of Nigeria (TCN) says that power generation improved to almost 4, 500 mega watts from 4, 286 mega watts at the weekend. Mr...
The United States Alumni Engagement Innovation Team has said that 1.89 million barrels of oil spilled in the Niger Delta between 1976 and 1996. The group,...
A Lagos High Court in Igbosere hearing an oil subsidy fraud case against Abubakar Peters on Tuesday ordered his continued remand in the custody of the...
Mobil Producing Nigeria (MPN) says it has lifted the ‘Force Majeure’ it declared on its Qua Iboe crude oil streams, following an oil spill incident from...
Nigeria still hopes to have an oil licensing round for marginal fields before the end of this year, the oil minister told Reuters on Tuesday. “We...
Minister of Petroleum Resources Mrs Diezani Alison-Madueke, in Abuja described the fiscal terms proposed in the Petroleum Industry Bill (PIB) as fair. Alison-Madueke said this at...
Nigeria’s Excess Crude Account (ECA) has risen to some $9 billion in oil savings, Finance Minister Ngozi Okonjo-Iweala disclosed this while addressing the annual Nigerian Economic...
Trading on the Nigerian Stock Exchange (NSE) closed on positive note on Tuesday with the market capitalisation appreciating by N29 billion to close at N8.399 trillion....
President Goodluck Jonathan has assured Nigerians that there would not be cover-up for any misdeed revealed in the reports of audit exercises by the Nigeria Extractive...
Vice President Namadi Sambo on Friday assured that most power plants projects of the National Integrated Power Project (NIPP) would be ready for inauguration in 2013....
The United States will overtake Saudi Arabia and Russia as the world’s top oil producer by 2017, the West’s energy agency said on Monday, predicting Washington...
China’s Sinopec is close to buying stakes in Nigerian onshore oil blocks from French oil major Total worth about $2.4 billion. Asia’s largest refiner has signed...
Oil trader Vitol has won a tender to supply Indian Oil Corporation with at least three million barrels of West African crude oil, trade sources said....