New tariff will enable DISCOs, GENCOs acquire infrastructure – NERC
Oscarline Onwuemenyi 01 February 2015, Sweetcrude, Abuja – As the new tariff introduced by the Nigerian Electricity Regulatory Commission, ...
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Chevron announces first gas from Southwest China project
01 February 2016, Sweetcrude, Lagos – Chevron Corporation has announced that its fully-owned subsidiary, Unocal East China Sea, Ltd, has be...
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Crude Oil Swap Contracts: How Reps uncovered the underbelly of govt agencies
01 February 2015, Abuja – To many calculating the figure-bearing headlines emanating from the ongoing probe by the House of Representative...
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Crude Oil Swap contracts: How Reps uncovered the underbelly of govt agencies
31 January 2016, Abuja — To many calculating the figure-bearing headlines emanating from the ongoing probe by the House of Representatives ...
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NLNG earmarks $12m to boost science studies in tertiary institutions
31 January 2016, Lagos — The Nigeria Liquefied Natural Gas Limited said it has earmarked $12 million to provide ultra-modern engineering la...
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Gunmen attack Agip pipeline in Brass LGA, Bayelsa
31 January 2016, Brass — Gunmen suspected to be ex-militants have attacked a crude oil pipeline belonging to Italian Oil giant Eni, also kn...
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Nigeria – Kenya oil trade lacks transparency
*Revenues unaccounted for 31 January 2016, Nairobi — As Nigerian President Muhammadu Buhari visits the country, little might be said in pub...
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New Tariff: Customers to determine their bills – PHED
Mkpoikana Udoma -31 January 2016, Sweetcrude, Port Harcourt – The Port-Harcourt Electricity Distribution Company, PHED, says, as the new e...
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Stop selling petrol in houses, Kano Fire Service warns black marketeers
30 January 2016, Kano – The Kano State Fire Service on Saturday cautioned black marketeers against selling fuel in or around residential ho...
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Nigerian Content: Mudiame commissions ultra-modern laboratory, graduates trainees
Oscarline Onwuemenyi 30 January 2016, Sweetcrude, Abuja — Despite the significant drop in the price of crude oil, an indigenous welding com...
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Nigeria: Govt orders forensic audit of NNPC, 80 other agencies
*Reveals Excess Crude Account stood at $2.26 billion as at Dec. 2015 Oscarline Onwuemenyi 30 January 2016, Sweetcrude, Abuja — Following th...
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Low oil prices: NCDMB commits to protect local companies
Oscarline Onwuemenyi 30 January 2016, Sweetcrude, Abuja — The Nigerian Content Development and Monitoring Board, NCDMB, said it has initiat...
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Tariff hike: Labour to picket power companies on Monday
Oscarline Onwuemenyi 30 January 2016, Sweetcrude, Abuja — The Nigeria Labour Congress, Trade Union Congress of Nigeria and Civil Society Or...
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Ghana: Electricity tariff hike cut to 45 & 50 per cent
30 January 2016, Accra — The government has agreed to reduce the recently upwardly adjusted electricity tariff from 59.2% to 45% and 50%, r...
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Nigerdock completes load-out of SONAM NAG, Wellhead Platform
*To boost NNPC/Chevron power improvement efforts 30 January 2016, Lagos — TO improve power supply and support government’s effort to reduce...
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Nigeria: Kano Fire Service cautions against selling petrol in homes
30 January 2016, Kano — The Kano State Fire Service on Saturday cautioned black marketeers against selling fuel in or around residential ho...
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Use recovered loot to build refineries, NLC tells govt
30 January 2016, Lagos—The Nigeria Labour Congress, NLC, has called on the Federal Government to use the fund recovered from those who loot...
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Chevron hands over assets to Seplat, Belemaoil
30 January 2016, Lagos—Chevron Nigeria Limited (CNL), operator of the joint venture (JV) between the Nigerian National Petroleum Corporatio...
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Oil set for second weekly gain on Russia-led supply cut talk
30 January 2016, Lagos – Global benchmark Brent crude futures rose on Friday, moving nearly eight per cent higher so far this week and set ...
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Fraud: Court adjourns Akpobolokemi, others’ trial till Feb 17
30 January 2016, Lagos – A Federal High in Lagos has further adjourned till February 17, 2016 for the Economic and Financial Crimes Commiss...
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Eko Disco commences enlightenment on new electricity tariff
29 January 2016, Lagos – The management of Eko Electricity Distribution Plc (EKEDP) on Friday said it had commenced the enlightenment of al...
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Nigeria on course with oil audit validation, says NEITI
…2013 oil, gas, solid minerals audit reports ready 29 January 2016, Abuja – Nigeria Extractive Industries Transparency Initiative (NEITI) h...
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42 ships laden with petroleum products, foods, expected in Lagos
29 January 2016, Lagos – Forty two ships laden with petroleum products, food items and other goods are expected to arrive Apapa and Tin-Can...
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Don’t scrap maritime varsity, Aginighan appeals to govt
29 January 2016, Port Harcourt – Former Acting Managing Director of Niger Delta Development Commission (NDDC), Power Ziakede Aginighan has ...
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N-Delta militancy fuelled by non-clean up of Ogoniland —Buhari
29 November 2016, Abuja – President Muhammadu Buhari, yesterday, in Nairobi, Kenya, said that non-clean up of oil spillages in the Niger De...
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Fire guts Ketu market, filling station
29 January 2015, Lagos – Fire Thursday swept through some parts of Lagos, wreaking havoc in Ketu and Lawanson. Some sections of the Jakande...
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Firm introduces alternative power supply for manufacturing sector
29 January 2015, Lagos – Powergas Africa Limited is set to change the fortunes of manufacturing firms throughout sub-Saharan Africa. Headed...
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nergy commission, NBTI to partner on commercialisation of research products
29 January 2016, Abuja – The Energy Commission of Nigeria (ECN) said it would collaborate with the National Board for Technology Incubation...
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Firm takes delivery of LNG vessel
29 January 2016, Lagos – Evergas’ latest addition to its fleet, the 3rd ‘dragon class’ 27.500 cbm multigas LNG carrier in a series of eight...
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Nigeria: Chevron concludes handover of OMLs 53 & 55
*Reiterates commitment to Nigerian Content 29 January 2016, Sweetcrude, Lagos — Chevron Nigeria Limited, CNL, operator of the joint venture...
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Sterling withdraws from Mauritania block
29 January 2016 — Sterling Energy Mauritania Limited has submitted a notice of withdrawal to its joint venture partners in relation to Bloc...
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Nigeria: New electricity tariff to begin on Monday – NERC
*New MYTO based on 100% metering of customers Oscarline Onwuemenyi 29 January 2016, Sweetcrude, Abuja — The Nigerian Electricity Regulatory...
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Oil price slump: Devaluation will kill Naira, Buhari insists
*Says it’ll bring hardship on poor Nigerians *Says BDCs are scam, drain on economy Oscarline Onwuemenyi 29 January 2016, Sweetcrude, Abuja ...
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Chinese gas demand to rise 7.3% in 2016
29 January 2016, Sweetcrude, Lagos — Demand for natural gas in China is expected to rise in 2016 mainly due to price cut initiated by the s...
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OPEC: Iran a challenge to any deal on oil cuts
29 January 2016, London/Dubai — Iran, boosting oil exports after the lifting of sanctions, is talking of a need to recoup its market share,...
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Oil price: ‘rumours could move market 15 per cent’
*Russia floats idea of supply cuts coordinated across OPEC, pushing prices above $35 29 January 2016, London — The oil price surged nearly ...
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Financial market products & services update
29 January 2016, Sweetcrude, Houston — Local and international financial market products and services update. NIGERIA: Nigeria’s President ...
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OPEC daily basket price close at $28.28/b
29 January 2016, Sweetcrude, Vienna, Austria — The price of OPEC basket of thirteen crudes stood at $28.28 a barrel on Thursday, compared w...
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I won’t devalue Naira, Buhari insists
29 January 2016, Abuja – President Muhammadu Buhari has stated their further devaluation of Naira would kill the currency, insisting that i...
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Govt already taking wrong steps on power, says Labour
29 January 2015, Lagos – Mr Joe Ajaero, General Secretary of the National Union of Electricity Employees, NUEE, wherein he spoke on the pow...
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Why solar projects fail in Nigeria – Study
Oscarline Onwuemenyi 29 January 2016, Sweetcrude, Abuja – A recent study on renewable energy in Nigeria has revealed that many solar energ...
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Nigerian Content: Firm graduates 28 technical trainees
Oscarline Onwuemenyi 29 January 2016, Sweetcrude, Abuja – Oilserv Limited, an oil and gas service company with expertise in pipelines and f...
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Nigeria: Experts worry over economy, differ on naira devaluation
28 January 2016, Abuja – Economic and financial experts on Wednesday expressed divergent views on the latest decision of the Central Bank o...
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Corruption: Nigeria ranked 136th among 168 nations
28 January 2016, Abuja – Transparency International has ranked Nigeria 136th among 168 least corrupt countries in the world, with a score ...
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Trafigura must pay tax to FG, say Reps
28 January 2016, Abuja – The House of Representatives on Wednesday directed the Federal Inland Revenue Service to compute the volume of cru...
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Oando filling station, Lawanson on fire
28 January 2016, Lagos – An Oando filling station in Lawanson, Surulere, Lagos is currently on fire, thePUNCH reports. More »
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Oil price won’t derail LNG project — Gaius-Obaseki
28 January 2016, Lagos – The Chairman, Brass Liquefied Natural Gas, LNG, Limited, Dr. Jackson Gaius-Obaseki, has said that the low price of...
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NNPC/Chevron gas project to improve power
28 January 2016, Lagos – To improve power supply and support government’s effort to reduce gas flaring, the Nigeria National Petroleum Cor...
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ActionAid chides govt over removal of kerosene subsidy
28 January 2016, Sweetcrude, Abuja — ActionAid Nigeria, an anti-poverty agency has raised concerns over the increment in the price of keros...
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Maritime Varsity: Ijaw youths demand apology from Amaechi
28 January 2016, Warri —Reactions have continued to trail the decision of the Federal Government to scrap the Nigeria Maritime University,...
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Mkpoikana Udoma Port Harcourt - The Ijaw Youth Council, IYC worldwide has threatened to shut down the head office of the Niger Delta Develop... -
Lagos - Improved margins and freight rates have boosted price offers for both heavy and sweet West African crude oil as at Friday, November ...