Dip in oil production worries NUPENG

The Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) has warned that the sudden drop by 42 per cent of the nation’s oil...

Conoil’s Q3 profit soars by 341%

Conoil Plc has rekindled its 2013 half year performance with yet another outing for the third quarter of the year. According to Conoil’s unaudited report...

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...

ICPC not after PPPRA, says Stanley

The Petroleum Products Pricing Regulatory Agency (PPPRA) has dismissed allegations that the ICPC was investigating the agency over some alleged infractions. Reacting to the allegation...

NNPC says Minna Depot fire will not affect fuel distribution

The management of NNPC on Sunday said the fire incident at its Minna Depot would not affect petroleum products distribution. A statement issued by the...

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...

Chevron reports third quarter net income of $5.0 billion

Chevron Corporation Friday reported earnings of $5.0 billion ($2.57 per share - diluted) for the third quarter 2013, compared with $5.3 billion ($2.69 per...

Lekoil gains Ogo funds in $100m placing

Lekoil has raised around $100 million in a London share placing to fund drilling, testing and appraisal of the Ogo oil discovery off Nigeria. The...

Oando, MFBs to drive cooking gas consumption

A petroleum product retailer, Oando Marketing Plc, has signed a Memorandum of Understanding with the National Association of Microfinance Banks to encourage the mass...

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...