Navy arrests grounded crude oil barge, tug boat, 6 suspects

Officers and ratings of Central Command of the Nigerian Navy have arrested the grounded crude oil laden barge in the St. Nicholas River on...

Banks unwilling to lend funds to power bidders over PHCN workers entitlements

Nigerian banks are unwilling to lend funds to the preferred bidders of the 11 privatized Electricity Distribution Companies due to uncertainty associated with the...

CAMAC Energy Inc. announces losses for second quarter 2013; provides operational update

CAMAC Energy Inc. today announced a net loss of $4.4 million, or $(0.03) per diluted share for the quarter ended June 30, 2013. For the same period in 2012,...

Nigerian crudes edge higher, as Libyan disruptions continue

Nigerian crudes continued to edge higher despite a lack of activity as news that Libya would not issue September allocations for some grades due...

Pirates release fuel tanker hijacked off the coast of Nigeria

Gunmen have released a fuel tanker which was hijacked off the coast of Nigeria, security sources and the vessel’s manager said on Wednesday. Indian-based managers...

Atako determined to boost development in Niger Delta through NDDC

The Acting Managing Director/ Chief Executive Officer, Niger Delta Development Commission- Dr. Christiana Atako has started initiating actions targeted at achieving sustainable development of...

Total commissions community projects in Rivers State

Oil giant, Total E & P Nigeria Limited gave the people of Obiozimini and Obiyebe in Ogba/Egbema/ Ndoni Local Government Area of Rivers State...

JTF arrest 11 suspected oil thieves, destroy 27 illegal refineries in Bayelsa, Rivers, Delta

The Joint Task Force in the Niger Delta said it arrested 11 suspected oil thieves and destroyed 27 illegal refineries in multiple raids. This is...

NLC urges FG to act decisively on oil, power, security sectors

The Nigeria Labour Congress (NLC) has called on the federal government to act decisively and exercise the political will to ensure transformation in the...

NEITI clears PPPRA of N4.423bn debt, disputed sum traced to CBN

The Nigerian Extractive Industries Transparency Initiative, NEITI, Tuesday, cleared the Petroleum Products Pricing Regulatory Agency, PPPRA, over the remittance of the sum of N4.423...

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