A new study by risk consultancy Verisk Maplecroft has revealed that Nigeria may face difficulty producing its huge oil and gas reserves. The study states that Africa’s number two exporter Continue Reading
Nigeria has regained its top position among crude oil producing countries in Africa with crude oil production averaging 1.27 million barrels per day in November, according to the latest monthly Continue Reading
(file photo). The company says it will clean up the environment later. Aiteo, operator of oil mining lease (OML) 29, on Wednesday, announced it has succeeded in putting out the Continue Reading
Nigeria’s Niger Delta continues to be plagued by insurgents and oil spills Nigeria struggles to keep oil majors interested in sustaining their operations in the country The country’s new petroleum Continue Reading
THERE are indications that the prices of Liquefied Petroleum Gas, LPG, also known as cooking gas, would rise further as supply dips by 5.5 per cent to 85,066.546 metric tonnes, Continue Reading
The claim that the magnitude of the oil spillage in Nembe, Bayelsa State on November 3 is worse than the 2010 Gulf of Mexico oil spill, is an exaggeration; investigation Continue Reading
Abuja resident Freda Igri was preparing to make her native afang soup for her family, but her cooking gas tank was empty. The price to refill a 12.5 kg tank Continue Reading
Nigerian independent oil and gas company, Seplat Energy Plc together with a partner, is in competitive discussions to acquire ExxonMobil’s Nigerian shallow water business. The Energy Company listed on both Continue Reading
Halliburton’s Boots & Coots unit has been called in by independent producer Aiteo Eastern E&P Co. to contain a leak. Halliburton Co., one of world’s largest oil services companies, said Continue Reading
Lagos — The World Bank has called on the federal government to end what it described as ‘its expensive fuel subsidy regime’ within three to six months. The Global lender Continue Reading
