NINETEEN days after the spill at the Santa Barbara Well 1 in Oil Mining Lease, OML 29 operated by Aiteo Eastern Exploration and Production Company, AEEPCO, in the Nembe creek, Continue Reading
Fuel pump. The government says it will target 30 to 40 million people, but it will depend on resources. The federal government will remove fuel subsidy and replace it with Continue Reading
Port Harcourt — Host communities of oil well, Obiavu-5 (OB5), operated by the Nigeria Agip Oil Company, (NAOC), in Omoku, Ogba/Egbema/Ndoni Local Government Area of Rivers State, are now living Continue Reading
The evidence is clear that fossil fuel’s shift in the factory is nearing clock-out time. … starved of oil receipts, as presently structured, the economy will hurt. However, the catch Continue Reading
Highlights Disruptions, declines, and underinvestment dominate oil sector Country’s key oil infrastructure hamstrung by operational issues Rising security threats add to anxiety among oil companies Nigeria’s oil production outlook is Continue Reading
The organization said slow FX reforms and uncertainties regarding the ability to repatriate foreign funds have discouraged new capital inflows. The International Monetary Fund (IMF) has advised the Nigerian government Continue Reading
YENAGOA, Nigeria Nov 19 (Reuters) – Oil has been spilling from a well owned by Nigeria’s Aiteo Eastern E&P and state-run NNPC for two weeks in southern Nigeria, local residents Continue Reading
Amidst consistent underperformance since this year, the Federal Government has indicated that it was rebuilding the upstream sector to ramp up crude oil production by 100 percent to 3.0 million Continue Reading
An official of NOSDRA says the intensity of the leak was hampering investigations at the incident site. The National Oil Spills Detection and Response Agency (NOSDRA) on Sunday said a Continue Reading
The former Director-General, Lagos Chamber of Commerce and Industry says Nigerians are facing a “double jeopardy” of costly food and costly cooking gas. Muda Yusuf, an economist and former Director-General, Continue Reading
