News

A Niger Delta militant group, that styles itself Koluama Seven Brothers on Sunday said it carried out a “warning” strike on an oil facility owned by energy company Conoil in Bayelsa. The attack was carried out on Friday, by the new…
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All six General Managers of Addax Petroleum Development Nigeria Limited,have “voluntarily” disengaged their services from the firm. Although their disengagement is yet to be announced officially by management, a source close to the…
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As the Federal Ministry of Power, Works and Housing strives to improve the country’s power supply, it is also making budgetary proposals for the purchase, maintenance and fuelling of generators at its headquarters and various agencies. …
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Private security guards attached to the National Petroleum Corperation, who protect oil pipelines from Lokoja to Kaduna State, on Thursday staged a peaceful protest against non-payment of 22 months’ salary arrears, the PUNCH reported. …
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The Federal Government has said the funding for early works of resettlement and surveys is ongoing for the $5.72 billion (about N2 trillion) Mambilla hydropower project in Taraba State expected to generate 3050 megawatts (MW). There…
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Total has stated that it expects to start up production from the Egina field, offshore Nigeria before the end of this week, most likely by January 3, 2019. The Egina field is the company’s second large deepwater oil project to be…
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A heavy gas explosion wreaked havoc in Enugu on Monday, causing large-scale destruction of properties. Among the properties destroyed were a filling station, a nearby six-bedroom duplex and three tankers. The gas explosion occurred…
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Nigeria’s external debt declined marginally by 2.02 percent to $21.6 billion in the third quarter of 2018, Q3’18, from $22.1 billion recorded in the second quarter 2018, Q2’18, almost cancelling out the 1.2 percent rise in domestic debt…
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The massive importation of petroleum products better explained how the Federal Government avoided fuel scarcity this Yuletide season, even as 18 more ships laden with Premium Motor Spirit (PMS) also known as petrol, are currently waiting…
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The Department of Petroleum Resources, Kaduna Zonal Office, says it has taken adequate measures to tackle fuel diversion to the Republic of Benin, Chad and Niger. The DPR Zonal Operations Controller, Isa Tafida, stated this at a press…
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