IOCS SEEK END TO PIB STALEMATE, INSIST UNCERTAINTY HURTING INDUSTRY

International Oil Companies (IOCs) operating in Nigeria have once more stressed the need for the country to resolve the stalemate constituted by the delayed...

SHELL, TOTAL, 10 OTHERS INCREASE OPERATIONS AS OIL PRICE STABILISES AT $78

International Oil Companies, IOCs and their indigenous counterparts have intensified efforts, targeted at making new finds and maximising production in Nigeria as oil price...

OANDO, TOTAL, OTHERS FOR NIGERIA OIL & GAS CONFAB

Following a successful outing at the recently concluded OPEC Seminar, Oando is set to lead conversations at West Africa’s largest oil and gas gathering,...

HOW OPEC’S OUTPUT DEAL DROPPED CRUDE OIL PRICE

The price of the global benchmark, Brent crude oil fell Monday as investors prepared for an extra one million barrels per day (bpd) in...

LOW DEMAND HAUNTS NIGERIA’S OIL AS UNSOLD STOCKS HIT 34M BARRELS

There are indications that international oil market is haunted by low demand as unsold Nigerian stocks have been estimated at between 20 and 34...

WHY MISALIGNMENT OF VISION, POLICIES, OTHERS THREATEN POWER SECTOR

Kola Adesina, chairman of the Egbin Power Plc, has called on the Federal Government and operators in the power sector to address the challenges...

NERC, DISCOS AT WAR OVER N37BN FG GRANT TO PRIVATE METER CONTRACTORS

Hopes of an early resolution of the monstrous estimated billing system that gulps about N30 billion monthly from hapless Nigerians now hang on the...

HOW GAS PIPELINE RUPTURE DISRUPTS SUPPLY TO 6 POWER STATIONS

The rupture of a major Nigerian Gas Company, NGC, pipeline has scuttled the delivery of gas to six power plants, thus culminating in the...

GHANA, OTHERS TO IMPORT PETROLEUM PRODUCTS FROM DANGOTE REFINERY

Ahead of the completion of the Dangote Oil Refinery, petroleum importing African nations and Bulk Oil Distributors based in Ghana have expressed eagerness to...

NIGERIA SPENDS N190B ON PETROL SUBSIDY IN ONE YEAR

With continued plummeting of crude oil prices, Nigeria now records a monthly average of N15.859 billion as under-recovery on importation of petrol or Premium...