With the incorporation of ARCO Group Plc Arco Petrochemical Engineering Company will now formally cease to exist. The newly incorporated Arco Maintenance…
Category:
Oil and Gas
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The Federal Government has said that it would explore other sectors, including agriculture and tax, to mitigate the impact of drop in…
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BusinessEconomyNewsOil and Gas
OPEC’s Badri sees little output change in 2015, says don’t panic on oil drop
OPEC’s oil production is unlikely to change much in 2015 and there is no need to panic at the crude price drop,…
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Global Business Resources, U.S.A, a consortium of international investors are in Nigeria for a follow-up discussion with the officials of Government for…
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— Power sector owes three banks $1.085bn Federal government plan to pay off the over N200 billion gas supply debt owed by…
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International oil companies IOC, operating in Nigeria are frustrating government efforts at achieving local content in the oil and gas industry. Manipulations…
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BusinessEconomyNewsOil and Gas
FG takes delivery of abandoned 248 containers of power equipment in Lagos
Prof. Chinedu Nebo, Minister of Power took delivery of abandoned energy equipment in 248 containers from the Nigerian Customs Services at Apapa,…
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The Minister of Power, Prof. Chinedu Nebo, said the Federal Government had concluded plans to explore ways of implementing the Indian power…
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BusinessEconomyFinanceNewsOil and Gas
Shell offers 30 pound sterling to settle 2011 Nigeria oil spills
Royal Dutch Shell is ready to pay up to 30 million pounds ($51 million) in compensation for two oil spills in Nigeria…
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oil importers say Ghana’s government quietly reintroduced fuel subsidies in April, and has spent about $85 million since then in extra payments,…
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The Nigeria Liquefied Natural Gas (NLNG) Ltd., on Friday, signed N2 billion Memorandum of Agreement (MoA) with six Nigerian universities to develop…
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BusinessEconomyNewsOil and Gas
NEITI, CSOs sign MoU to recover debts from multi-national oil companies
The Nigeria Extractive Industries Transparency Initiative, NEITI has signed a Memorandum of Understanding, MoU, with the Civil Society Organisations, CSOs, aimed to…
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Brent crude oil rose above 109 dollars a barrel yesterday as U.S. jobs figures pointed to healthy economic growth, other data and…
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The Senate Committee on Finance which investigated the NNPC over allegations of fraud leveled against it by the suspended Governor of the…
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The Director-General, Bureau of Public Enterprises (BPE), Mr Benjamin Dikki, says the Federal Government has concluded plans to build a super…