Amaechi lied about Soku oil wells – Bayelsa Govt

The Bayelsa State Government yesterday accused the Rivers State Governor, Mr. Chibuike Amaechi, of distorting the facts on the controversy surrounding the ownership of...

FG approves oil bunkering operations in Nigerian waters

As part of efforts to make Nigeria the hub of oil and gas business, as well as marine activities, the federal government has approved...

President asks Sanusi to resign over leaked $49.8bn oil revenue letter

President Goodluck Jonathan has asked the Central Bank of Nigeria (CBN) Governor, Sanusi Lamido Sanusi, to resign immediately on the grounds that the letter...

CAMAC secures FPSO ARMADA PERDANA for up to seven years offshore Nigeria

CAMAC Energy has announced that a letter of intent ('LOI') has been signed regarding terms and conditions of a long-term agreement for the floating,...

Brent climbs toward $108 on Libyan supplies worries

Brent crude edged up towards $108 per barrel on Wednesday, supported by new worries over Libyan supplies and expectations of another drop in U.S....

Indigenous oil firms record new strides in local content development

For several decades, the international oil companies, IOCs dominated the petroleum industry, especially the upstream sector, involving exploration and production of crude oil and...

What’s new found for oil and gas stocks?

Oil and gas stocks are the fastest-rising and most profitable stocks at the stock market. With the oil and gas sectoral return nearly a...

Petrol, food imports cut external reserves to $43b

The foreign reserves fell to $43.5 billion as at January 2, as petroleum and food imports soared. The reserves, which stood at $45.4 billion...

Researchers strategise to convert unwanted carbon dioxide into electricity

Researchers are developing a new kind of geothermal power plant that will lock away unwanted carbon dioxide (CO2) underground – and use it as...

Challenges before NDDC new board

Thirteen years after it came into being as an interventionist agency to help tackle challenges of under development in the Niger Delta region, the...

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