Kachikwu

Kachikwu backs Oil exploration in N/East

The Minister of State for Petroleum, Dr Ibe Kachikwu, says oil exploration in the North East is for the good of the nation. He said...

U.S. crude oil exports to Asia soar, complicating OPEC’s efforts: Russell

U.S. crude oil is flooding into Asia, and may continue to do so as the arbitrage window that was initially created by Hurricane Harvey...

Petrobras, BTG Pactual to sell their Nigerian oil venture

State-controlled oil company Petroleo Brasileiro SA (Petrobras) is leading an effort to sell Petrobras Oil and Gas BV (Petrobras Africa), after being joined in...

Anger seethes on margins of historic clean-up in Niger Delta

Nearly a decade after two catastrophic oil spills in the Niger Delta, a comprehensive clean-up has finally been launched in the southern Nigerian region. Oil...
Gas Flare

HOSCON wants FG to release N98bn gas flare penalty money

The Host Communities of Nigeria Producing Oil and Gas (HOSCON), has called on the Federal Government to release the N98 billion gas flare penalty...

NAF destroys oil barges of stolen oil products

The Nigerian Air Force (NAF) says it has successfully destroyed some oil barges containing stolen oil products at Adokiakiri community in the Niger Delta. The...

Oil price rises to $64, highest since mid-2015

Global oil benchmark, Brent crude, hit a 28-month high on Monday as Saudi Arabia’s crown prince cemented his power over the weekend with an...

NNPC/Agip assure of fresh 480MW with Okpai 2 in 2019

Okpai II Power Plant, the joint venture project of both Nigerian National Petroleum Corporation (NNPC) and the Nigerian Agip Oil Company (NAOC) will boost...

Nigeria must use oil wealth to prepare for future– Osinbajo

Vice President Yemi Osinbajo on Thursday said Nigeria must use its oil wealth to prepare for a future when fossil fuels lose relevance. The Vice-President...

Shell may reconsider dual listing if Netherlands scraps dividend tax – CFO

Royal Dutch Shell could reconsider its dual London-Amsterdam listing if the Dutch government goes ahead with plans to remove a tax on dividends, Chief...
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