The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, on Thursday dropped the hint that…
Power, Oil and Gas
Oil price jumps to $58.53 on OPEC cut
Oil prices, yesterday, rose by about three per cent rebounding further from 1-1/2-year lows reached in…
NNPC spent N623bn on fuel subsidy in 11 months
The Nigerian National Petroleum Corporation has incurred a total under-recovery of N623.16bn between January and November…
Nigeria’s rig count rises against oil output drops
Nigeria’s rig count — a standard yardstick used in measuring a nation’s activeness in exploration and…
Oil price Stands at $71.68 p/b, after five consecutive weeks of decline
There was tension in oil producing and exporting nations, including Nigeria, yesterday as the price of…
Stakeholders urge FG to pass PIB into law
Participants at a summit held in Port Harcourt, the Rivers State capital, have called on the…
Refineries will be fully functional next year- Kachikwu
Minister of State for Petroleum Ibe kachikwu on Thursday said it will be sad if the…
FG gets China’s support for 3,050MW Mambila hydropower project
President Muhammadu Buhari on Wednesday secured the support of the Chinese President, Xi Jinping, for the…
NPDC pledges compliance with Nigerian Content guidelines
The Nigerian Petroleum Development Company (NPDC), the exploration and production arm of the Nigerian National Petroleum…
Dangote arranges $4.5 bn to finance oil refinery
Africa’s richest man, Aliko Dangote, has arranged more than $4.5 billion in debt financing for his…
Nigeria, others to spend $105b on oil, gas decommissioning
Nigeria and other oil producing countries across the world will expend about $105b on decommissioning in…
Global gas sector set for 5-year big growth – IEA
There are indications that strong demand growth from China, greater industrial demand, and rising supplies from…
Oil price drops to $72 per barrel
Global oil benchmark, Brent crude, fell further on Monday amidst talk of a possible release from…
Indigenous and International Oil Companies sign Over $3.5b gas supply contract with NNPC
Oando Plc, Nigeria Agip Oil Company (NAOC), Shell Petroleum Development Company (SPDC), other indigenous and international…
Debt: FG may cut power supply to Benin, Niger, Togo
President Muhammadu Buhari has joined operators in the power sector to call on international customers who…