The Nigerian Content Development and Monitoring Board (NCDMB) says 53 Nigerian companies have so far accessed loans under its Nigerian Content Intervention…
Oil and Gas
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The European Union plans to stop funding new oil and gas pipelines in future, as it switches the focus to promoting energy…
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BusinessOil and Gas
Navy impounds illegal crude oil laden vessel worth N148.3m, arrests 22 suspects in Bayelsa
Men of Nigerian Navy Ship, NNS Soroh said it they have seized a vessel used for oil theft and arrested 22 suspects…
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Italian prosecutors are set to ask for a case against Eni and its head over alleged obstruction of justice in corruption cases…
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The Organisation of Petroleum Exporting Countries (OPEC) says that investments of 11.8 trillion dollars will be required between 2021 and 2045 in…
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AITEO Eastern Exploration and Production Company (AEEPCO) staffers were in jubilant mood as they succeeded in shutting down the spewing Santa Barbara…
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NewsOil and Gas
$60m oil well controversy Halkin sue Senate for N10bn, as Senate issues warrant of arrest
As controversy over the ownership Atala marginal oil field OML 46, rages between Hardy Oil Nigeria Limited and Halkin Exploration and Production…
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Senate has urged the federal government to through its oil and gas regulatory agencies penalise indigenous oil companies responsible for the devastation of host…
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Senate has said that the Management of Petroleum Equalisation Fund (PEF) placed N34 billion in Fixed deposit account without remitting the entire…
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The Organisation of the Petroleum Exporting Countries (OPEC) says World oil demand growth in 2021 now stands at 5.7 mb/d. According to…
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Douye Diri Governor of Bayelsa State has described the raging crude oil spill in the Nembe creek of the state as the…
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Economic and Financial Crimes Commission, EFCC, Port Harcourt Zonal Command said its operatives have arrested 18 suspected illegal oil bunkerers in Rivers…
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Nigeria has saved N3.5 trillion as it achieves 42 per cent local content in $20.4 billion oil and gas projects. Executive Secretary,…
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NewsOil and Gas
Crude oil price down to $70.8 a barrel on fears that vaccine may not be effective on Omicron
Brent crude futures fell $2.62, or 3.6%, to $70.82 a barrel after hitting an intraday low of $70.22, their lowest since August.…
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Oando has notified Nigerian Exchange Ltd., NGX, of the acquisition of Dahiru Mangal’s stake in the company by Leaf Investment & Realtors…