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Oil & Gas
FG will not spend on fuel subsidy in 2016 – Kachikwu
Emmanuel Ibe Kachikwu, minister of state for petroleum resources and group managing director of NNPC, on Thursday…
DPR: Reps query N30.570bn overhead cost, demand 3 years…
House Committee on Petroleum Resources on Thursday queried the N30.570 billion overhead cost proposed by Department…
Nigeria targets 3 billion scfpd gas supplies by 2020
The projection by Nigeria to hit 3 trillion standard cubic feet per day (scfpd) of gas supply by 2020 may sound…
Budget review throws up Nigerian Gas Master Plan
At the recent hearing by the Senate Committee on Gas Resources, Permanent Secretary, Federal Ministry of Petroleum…
Despite low price era, opportunities abound in Nigeria’s…
Despite the falling oil price in the international market and internal challenges which include non-passage of PIB,…
Oil majors’ business model under increasing pressure
Gorgon, a massive liquefied natural gas project off the north-west coast of Australia, is one of the wonders of the…
Oil prices soar on report that UAE offers talks on…
Oil prices soared with US crude rebounding from a 2003 low, on reports that OPEC was willing to organize output…
Ghana National Petroleum, Quantum Power to build Tema…
Ghana National Petroleum (GNPC) has signed an agreement with Quantum Power, the pan-African energy infrastructure…
Oil price up as Saudi Arabia, Russia agree freeze
Saudi Arabia has provisionally agreed with Russia to freeze oil output at January levels, in a co-ordinated move to…
Oil extends rally on prospects OPEC could act to counter…
Oil prices rose on Monday, extending a rally triggered last week by speculation that Organisation of Petroleum…
Low refining capacity dims Nigeria’s hope on…
Low refining capacity of Nigerian oil refineries has combined with weaker refining margins in key European…
Budget: Senate rejects N200m ministry’s proposal…
Senate Committee on Gas Resources has rejected the sum of N200 million allocation demanded by the Federal Ministry…