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FG seals fresh understanding to pay $5bn JV debt to oil majors


Indication has emerged that the Federal Government has reached an outline settlement to resolve a protracted dispute with some foreign energy companies. According to the deal, the energy giants will ...

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Kaduna Electric investing $250m in meter manufacturing – MD

nerc logo

Kaduna Electricity Distribution Company (KEDC) yesterday revealed the readiness of the company to build a $250 million meter manufacturing plant in Kaduna State before the end of 2016. Alhaji Garba ...

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Dangote refinery working to start operation in 2018

Aliko Dangote

Barring any unforeseen challenge between now and next year, Dangote Group’s 650,000 barrels per day capacity refinery currently under construction in Lagos would begin operations before the end of 2018. ...

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SPDC grows CSR, donates N2.04bn library in Port Harcourt


Royal Dutch oil conglomerate, Shell Petroleum Company in Nigeria (SCiN) Tuesday, handed over a built and fitted ultra-modern public library worth N2.04bn to be managed by the Port Harcourt Literary ...

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World Bank puts 2017 oil price forecast relatively high


The World Bank is raising its 2017 forecast for crude oil prices to $55 per barrel from $53 per barrel. It explained that this was the case as members of ...

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For deeper knowledge sake, Senate demands daily oil production, Sales report from DPR

Nigerian Senate

More reasons have emerged on why the Senate Committee on Petroleum (Upstream) has demanded a daily report to be complied monthly on all activities in the sector ranging from oil ...

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Climate change: Shell, 9 others agree to invest $1bn to save climate


Royal Dutch Shell, weekend, lead other nine oil conglomerate in oil and gas to agree on a £1 billion investement in low-carbon-emission technologies to reduce climate change. Others in the ...

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Fears as refineries produce below 20%, losses jumping

The Nigerian National Petroleum Corporation (NNPC) Saturday said the cumulative performance of three of Nigeria’s refineries in Warri, Kaduna and Port Harcourt is below 20 per cent. This is contained ...

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FG, W/Bank seal Calabar gas supply guarantee agreement

Buhari M

Vice President, Prof. Yemi Osinbajo Thursday supervised the signing of the agreement at the Presidential agreement on the supply of gas to the Calabar Gas Plant to boost energy supply ...

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Indigenous technology in oil exploration can deepen activities—Agip

Leading oil exploration conglomerate, Nigeria Agip Exploration Limited, is partnering with about 120 indigenous technology companies in the 27 Local Government Areas of Imo State to showcase “their capacities and ...

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