Fairmount Marine delivers world’s first floating, storage and re-gasification unit

The world’s first offshore-moored floating, storage and re-gasification unit (FSRU), the FSRU Toscana, has been successfully delivered and permanently moored off the coast of...

AMCON takes over Capital Oil

The Assets Management Corporation of Nigeria, AMCON, has taken over Capital Oil and Gas Limited in line with its mandate to recover the toxic...

TCN board seeks funding from excess crude account

The reconstituted supervisory board of the Transmission Company of Nigeria (TCN) has asked the federal government to finance expansion projects in Nigeria's power sector...

Nigeria picks Goldman, Credit Suisse, UBS for wealth fund

Nigeria's sovereign wealth fund on Wednesday appointed Goldman Sachs, UBS and Credit Suisse as asset managers for the 20 percent portion of its $1 billion fund...

10,000 jobs at risk due to pull out by Chevron, Shell from OKLNG

Nigeria’s unemployment situation is set to worsen, as the fate of about 10,000 workers in the Olokola Liquefied Natural Gas project, OKLNG, is currently...

OPEC daily basket price stood at $109.28 a barrel Tuesday, 27 August 2013

The price of OPEC basket of twelve crudes stood at 109.28 dollars a barrel on Tuesday, compared with $108.36 the previous day, according to OPEC Secretariat...

Oil gains more than $2 on possible Syria strike, Brent above $117

Oil rose more than $2 a barrel on Wednesday, with Brent pushing above $117 and the U.S. benchmark soaring to its highest in over...

Tanker explosion kills three in Ibadan

A tanker carrying petroleum product caught fire at Orogun junction along Iwo road-Ojoo expressway in Ibadan, the Oyo State capital on Tuesday, killing three...

Federal Government, IOCs still at loggerheads over PIB

Stakeholders in the oil and gas industry were full of optimism when President Goodluck Jonathan presented the repackaged Petroleum Industry Bill, PIB, to the...

Oil theft knocks Nigeria’s oil output to four-year low

Nigeria is suffering the worst wave of oil production disruptions in four years, with output falling to levels last seen before the government’s amnesty...

SUBSCRIBE TO LATEST ENERGY NEWS

Read the latest energy industry news and researched articles
for oil and gas, power generation, renewable energy, events and more...