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I see potential for replication of bio-bean technology in Nigeria—Shell boss


The Managing Director of Shell Petroleum Development Company of Nigeria Limited (SPDC) and Country Chair, Shell Companies in Nigeria, Mr. Osagie Okunbor, has expressed hope on the chances of the ...

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Force majeure notice to FG means time up for Discos—BPE

BPE Logo

The long stretch of opposite trending between the federal government and electricity distribution firms (Discos) in the country is taking a more dangerous dimension. This stemmed from the recent issuance ...

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Explain why Egina FPSO is more expensive than others worldwide, Senate tells Total

Egina FPSO

A fresh twist is engulfing the recently completed $16bn Egina floating, production, storage and offloading (FPSO) by Total Upstream Nigeria Limited. In a memo obtained by Business Hilights Abuja Bureau ...

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NNPC, Chevron’s $1.7b deal to run, increase crude production till 2045

Chevron Jeffery Ewing

More details have emerged on the recently executed final phase of an Alternative Financing Agreement to increase crude production by about 39,000 barrels per day between Nigerian National Petroleum Corporation ...

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NBS report casts doubt on NNPC’s claims of dropping products prices


Barely one month after the Nigerian National Petroleum Corporation (NNPC), came out to claim that prices of regularly used petroleum products including diesel, kerosene and even cooking gas have dropped, ...

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OPEC confident on rebalancing the global oil market

Ibe Kachikwu

Emerging indications from the Secretary-General of the Organization of Petroleum Exporting Countries (OPEC), Mohammad Barkindo, have shown that the joint output curb is succeeding at rebalancing the global oil market. ...

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FG, China Exim Bank close in on $4.92bn loan for 3,050MW Mambilla plant

Babatunde Fashola

After the approval for another $5.5bn loan request to be used to refinance budget deficit and complete some rail projects, the Minister of Power, Works and Housing, Babatunde Fashola, has ...

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Ghana mulls deepwater exploration, in talks with ExxonMobil

Ghanaian President, Akufo Addo

In line with its resolve to buoy its oil and gas industry, the deputy energy minister, Mohamed Amin Adam has revealed Ghana is in talks with Exxon Mobil Corp for ...

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Anxiety as US exports rise shift buyers’ attention away from Nigerian crude

Crude oil pipeline

Since this week, several crude cargoes of Nigerian crude have been hovering on the international market without buyers in sight due to supply glut caused by rising glut of light ...

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Nigerians sweep Shell Global Entrepreneurship Prize in Freetown


Excitements graced the hall when two Nigerian business owners, Mr. Precious Adeho and Mrs. Ngozi Deborah Atalor, were announced winners in the 2017 Shell LiveWIRE Top Ten Innovators competition. The ...

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