Shell laments inability of Nigerian banks to finance major oil transactions

The Shell Nigeria Exploration and Production Company (SNEPCO) has lamented that all companies that purchased its recently divested interests in the country drew funds...

South-south forum commends Jonathan’s oil sector reform

The South-south Restoration Forum has commended President Goodluck Jonathan for the series of reforms in the oil and gas sector and other economic and...

Navy boss promises to stamp out oil theft

The Flag Officer Commanding, FOC, Nigerian Navy Logistic Command, Oghara, Delta State, Rear Admiral Abdu Shettima, says the Federal Government will continue to renew...

Pipeline explosion rocks Ibadan again, farmlands ruined

Two weeks after a pipeline explosion in Apata Area of Ibadan, another explosion has rocked Alapata community area in Ido Local government area of...

Nigerian oil and gas deposits to deplete within 40 years

A professor of Medicine and sustainable environment advocate, Prof. Vincent Idemyor, has predicted that Nigerian oil and gas deposits, particularly in the Niger Delta...

Samsung Heavy wins $3bn FPSO platform order from Nigeria

South Korean shipbuilder Samsung Heavy Industries said Thursday it had won a $3.0 billion order to build a giant offshore oil storage platform in...

Oil tycoon, Michael Prest to pay ex-wife £17.5m divorce settlement, UK court rules

Former wife of Nigeria’s oil tycoon, Michael Prest, Yasmin, on Wednesday, won a United Kingdom Supreme Court ruling giving her the right to force...

FG Woos European Investors on 80% Interest in NIPP Plants

The federal government Wednesday wooed European investors to acquire 80 per cent stakes in 10 power stations built under the National Integrated Power Project...

Nigeria needs robust policy to be able to harness gas potential – UK

The United Kingdom has advised Nigeria to develop a robust policy with strong legal framework to harness its huge gas reserves. The British Deputy High...

TCN acquires N471m software to monitor electricity lines

The Transmission Company of Nigeria has announced the acquisition of a N471m software to enable it monitor activities on power transmission lines and other...

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