Brent headed for third weekly loss

Brent crude oil dropped below $109 a barrel on Friday, heading for its third straight weekly loss, with diplomatic efforts over Syria and Iran...

House promises to pass PIB into law

Chairman of the committee on Petroleum Resources (Upstream), Hon Ajibola Muraino, yesterday assured that the House of Representatives will pass the Petroleum Industry Bill...

CBN resumes direct intervention to save naira

In a bid to save the naira, the Central Bank of Nigeria has resumed direct intervention by selling dollars to end users in the...

Government plans weekly meetings over oil theft

The Federal Government has begun holding a weekly meeting with stakeholders in the oil and gas industry with a view to devising holistic approach...

FG explains delay in payment of disengaged staff of PHCN

The Permanent Secretary, Ministry of Power, Godknows Igali, yesterday, explained that the delay in payment of the entitlements of disengaged staff of the Power...

UK court rejects document linking Ibori to Oando shares

The hunt by the Crown prosecution for the hidden assets of former Delta State governor, James Ibori, suffered a set-back yesterday at the Southwark...

NERC meets power firm investors over rules

Ahead of the proposed transfer of the privatised electricity firms to their new owners on October 1, the Nigerian Electricity Regulatory Commission was on...

NNPC earns $20.9bn from crude oil sales

The total year-to-date (YDT) earnings of the Nigerian National Petroleum Corporation (NNPC) from sale of crude oil in the first seven months of 2013...

OPEC daily basket price stood at $106.53 a barrel Wednesday, 25 September 2013

The price of OPEC basket of twelve crudes stood at 106.53 dollars a barrel on Wednesday, compared with $105.80 the previous day, according to OPEC Secretariat calculations . The...

Wright’s Well Control Services provides fluid delivery system for Chevron

Wright’s Well Control Services was contracted by Marine Platform Limited and Chevron Nigeria to provide a means of supplying a fluid delivery system for...

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