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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

Shell-Nigeria

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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4 months after notice, Niger, Benin begin payment of electricity debts

dam scheme

Four months after the Nigerian Bulk Electricity Trading (NBET) Plc and the Transmission Company of Nigeria (TCN) jointly sent notice of debts to power firms of the Republics of Benin ...

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Fears as OPEC plans to impose quota on Nigeria, cuts extension for market solidity

OPEC Ibe kachukwu

Even though oil prices have remained on the rising spree, there are strong indications that oil producers may unanimously extend a production cut accord later this month but its duration ...

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Only 5% Nigerians use LPG for cooking, 57% firewood, 27% Kerosene—Report

gas tank

A new report by the Nigerian Liquefied Petroleum Gas Association (NLPGA), has revealed that the ongoing campaign across the nation on the use of Liquefied Petroleum Gas (LPG) for domestic ...

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Chevron lifts Global Fund to fight HIV infections in Nigeria with $5m

Chevron Jeffery Ewing

Chevron Nigeria Limited (CNL), an affiliate of Chevron Corporation (Chevron), has announced disbursement of first tranche US$2.5 million donated by Chevron to the Global Fund to Fight AIDS, Tuberculosis and ...

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Shifting passage of PIB to 2018 is delaying investments in the sector—Analyst

NASS Abuja

The recent argument by the Senate to shift passage of the remaining parts of the segmented Petroleum Industry Bill (PIB) to sometime next year has been viewed by industry experts ...

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