FG secures $1bn loan to ease gas supply

The problem of gas supply to power stations and other relevant sectors will soon be over as the federal government has secured a $1...

Brass LNG may suffer further delay as ConocoPhillips extends exit date

The Final Investment Decision (FID) of the multi-billion dollar gas project, Brass Liquefied Natural Gas (LNG) Limited, may suffer further haemorrhage as one of...

Navy warns pirates against oil theft

The Flag Officer Commanding Eastern Naval Command, Rear Adm. Joe Aikhomu has warned oil thieves, pipeline vandals and sea pirates to steer clear of...

Natural gas demand set to soar

Natural gas is likely to grow in importance over the next few years, with the Middle East, China, Africa and India in particular set...

NNPC, NUJ to partner on campaign against crude oil theft, pipeline vandalism

The management of the Nigerian National Petroleum Corporation (NNPC) and the national leadership of the Nigerian Union of Journalists (NUJ) have pledged to partner...

NNPC lifts 55m barrels of crude as exchange for refined products

The Nigerian National Petroleum Corporation (NNPC) had lifted about 55,447,262 barrels under the crude oil for product SWAP agreement in 2012. The crude oil swap...

Shell to offer Nembe creek trunkline for sale

With no end in sight to losses arising from crude oil theft and persistent destruction of its pipelines and facilities in the Niger Delta,...

Power supply drops by 400MW as Shell’s Afam VI is shut down

Nationwide electricity supply is expected to drop by 400 megawatts (MW) as the 650MW capacity Shell Petroleum Development Company’s (SPDC) Afam VI power 400MW...

Consensus to tackle oil theft elusive in Nigeria, says Report

One major preoccupation of the federal government is how to check the growing incidence of theft of crude oil, but a report by Standard...

Ministries of Trade, Transport accused of aiding Intels’ monopoly at Onne Port

A group, ‘Coalition for Better Nigeria’ has accused both Ministries of Transport, Trade and Investment of aiding and abetting the monopolistic drive of Intels,...

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