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Oil & Gas
Nigeria’s oil industry faces serious damage as pirate…
Unless the increasing trend of pirate attacks in the Gulf of Guinea is tackled quickly and effectively, piracy…
Of Nigeria’s refineries, proposed sale and failed…
Last week, the news of the Federal Government’s plan to sell the four state-owned refineries by next year came out…
Shell shuts Obigbo gas plant over encroachment
Shell Petroleum Development Company of Nigeria (SPDC), with its joint venture partners, has shut down the Obigbo…
Stakeholders call for accurate measurement of crude oil…
Apparently concerned about the lack of accuracy in the measurement of crude oil production in the nation’s oil and…
Nigeria’s outrageous spending on kerosene subsidy
Facts have emerged that the Federal Government has spent about N634 billion to subsidies Dual Purpose Kerosene…
Why it is difficult to combat crude oil theft –…
Diezani Alison-Madueke, the minister of petroleum resources, has noted that effort at combating the menace oil…
Forte Oil CEO sees profit tripling on power investment
Forte Oil Plc, an operator of petrol stations in Nigeria, expects profit to triple next year as investments in…
Nigerian crude values dip as prompt barrels struggle to…
The Federal Government which has been experiencing dwindling revenue profile from crude oil sales is in for more…
Brittania-U explains position on acquisition of…
Brittania-U Nigeria Limited bidding for Chevron’s interest in OMLs 52, 53 and 55, has said that its bid submission…
Amaechi, Aganga reveal secrets of oil/gas free zone…
Minister of trade and investment, Olusegun Aganga and Governor Chibuike Amaechi of Rivers State Thursday pointed at…
FG investments in Onne oil, gas free zone hits $4.2bn
The Onne Oil and Gas Free Zone recorded additional investment of $200 million in 2013, the Federal Government…
FG’s 40bn barrel oil reserves target is achievable, says…
The insinuations that the Nigerian Oil and Gas Industry may be in for the worst may after all not be true as the…