Terminal operators lament pirates attack on product vessels

Members of the Port Facility Security Officers, PFSO, Forum of the Lagos Maritime Security zone have decried the incessant attacks on vessels berthed at...

Worries over Nigeria’s diminishing oil earnings

The future of Nigeria’s oil wealth starting from next year appears bleak as the USA and other major buyers of the nation’s crude in...

Mega petrol station owners battle NNPC over losses

The Nigeria National Petroleum Corporation (NNPC) branded affiliate petrol stations owners have cried out that they have been operating at a loss following their...

NIMASA, Navy move to check piracy

The Nigerian Maritime and Safety International Agency(NIMASA) and Navy are collaborating to check piracy against crude oil vessels, the Chief Executive Officer, MRS Holdings...

OPEC to commit $8tr on crude oil investment by 2035

Members of the Organisation of Petroleum Exporting Countries (OPEC) are expected to expend $8 trillion as crude oil investment requirements between 2012 and 2035. However,...

No company has monopoly to lift crude – NNPC

The Nigerian National Petroleum Corporation on Sunday said no company enjoyed the monopoly of lifting the country’s crude oil, contradicting reports that it colluded...

Aiteo not indicted in fuel subsidy reports

The Management of Aiteo Energy Resources Limited said at the weekend that the company was at no time indicted by House of Representatives Ad-Hoc...

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...

Building a sustainable maritime industry in Nigeria

Experts and stakeholders under the Nigerian Maritime Development Conference Group have taken the bull by the horn to save the maritime sub-sector so as...

OPEC says will lose 8 percent of oil market share to shale, rivals

OPEC could lose almost 8 percent of its oil market share in the next five years as the shale energy boom and other competing...

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...