Yuletide: Make petroleum products available, NUPENG tells govt
Mkpoikana Udoma 01 December 2016, Sweetcrude, Port Harcourt – As 2016 is fastly winding up, the National Union of Petroleum and Natural Gas...
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Give equal opportunities to all ports, NACCIMA urges govt
Mkpoikana Udoma 01 December 2016, Sweetcrude, Port Harcourt – The Nigerian Association of Chambers of Commerce, Industry, Mines and Agricul...
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Labour orders Bristow Nigeria workers to embark on strike
*Ignores govt mediation efforts 30 November 2016, Sweetcrude, Lagos — The National Association of Aircraft Pilots and Engineers, NAAPE has ...
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LPG retailer sensitise members on safety
…As DPR begins clampdown on illegal dealers Kunle Kalejaye 30 November 2016, Sweetcrude, Lagos — Liquefied Petroleum Gas Retailers, LPGAR, ...
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Dock Labour: NJIC discontinue negotiations for wage increase
Kunle Kalejaye 30 November 2016, Sweetcrude, Lagos — The National Joint Industrial Council, NJIC, has agreed to discontinue further negotia...
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Oil price nears $50 on optimism over OPEC deal
30 November 016, Lagos – After falling to as low as $46.32 on Tuesday, global oil benchmark, Brent, jumped to $49.66 per barrel on Wednesda...
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Help protect oil pipelines from vandals, NNPC begs Oba of Benin
30 November 2016, Benin – The Group Managing Director of the Nigerian National Petroleum Corporation, Dr. Maikanti Baru, has urged the Oba ...
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How to grow Nigerian economy – Kachikwu
30 November 2016, Abuja – The Minister of State for Petroleum Resources, Mr. Ibe kachikwu, says the growth of the economy solely depends on...
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Power generation at Egbin drops by 84% to 172MW
30 November 2016, Lagos – The nation’s electricity woes have worsened as generation from its biggest power station, Egbin, plunged to a rec...
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PENGASSAN rejects plans to scrap NNPC, others
30 November 2016, Lagos – The Petroleum and Natural Gas Senior Staff Association of Nigeria, PENGASSAN, has condemned reported plans by the...
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Breaking – Nigeria exempted from OPEC production cut
30 November 2016, Sweetcrude, Vienna, Austria – Nigeria has been exempted from the latest production cut by the Organisation of the Petrole...
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OPEC confirms cutting output to 32.5 million barrels per day
30 November 2016, Sweetcrude, Vienna, Austria – The Organisation of the Petroleum Exporting Countries, OPEC, has confirmed cutting its prod...
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Photos: OPEC 171st meeting in Vienna, Austria November 30
HE Dr. Mohammed Bin Saleh Al-Sada, OPEC Conference President delivers the opening address Saudi Energy Minister, Kh...
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Breaking – OPEC agrees to cut production by 1.2 million barrels per day
30 November 2016, Sweetcrude, Vienna, Austria – After what seemed an impossibility, the Organisation of the Petroleum Exporting Countries, ...
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Opening address to the 171st Meeting of the OPEC Conference
By HE Dr. Mohammed Bin Saleh Al-Sada, Qatar’s Minister of Energy and Industry and President of the OPEC Conference 30 November 2016, Sweetc...
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India unveils the world’s largest solar power plant
*The country is on schedule to be the world’s third-biggest solar market next year 30 November 2016, Sweetcrude, Lagos — Images have been r...
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OPEC said to agree on output cuts as Saudis soften on Iran
Group to reduce supply by 1.2 million barrels a day: delegates Benchmark Brent crude prices climb in London to top $50 30 November 2016, Vi...
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OPEC Secretary General meets heads of delegation on eve of conference
30 November 2016, Sweetcrude, Vienna, Austria — OPEC Secretary General, Dr. Mohammad Sanusi Barkindo, met with OPEC Member Country Heads of...
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OPEC daily basket price close at $43.87/b
30 November 2016, Sweetcrude, Vienna, Austria — The price of OPEC basket of fourteen crudes stood at $43.87 a barrel on Tuesday, compared w...
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Nigeria: Electricity revenue shortfall to hit N3trn by end of year – NERC
…As Discos meter only 161,640 Customers in 10 months Oscarline Onwuemenyi 30 November 2016, Sweetcrude, Abuja – The Nigerian Electricity Re...
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How to reinvigorate Nigeria’s oil and gas industry, by Ernest Nwapa
Oscarline Onwuemenyi 30 November 2016, Sweetcrude, Abuja – Pioneer Executive Secretary of the Nigerian Content Development and Monitoring B...
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Production cut tops agenda as OPEC meets in Vienna
…Mixed signals from ministers cast doubt on possible deal Chuks Isiwu 30 November 2016, Sweetcrude, Lagos – The Organisation of the Petrole...
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OGFZ: Govt woos foreign investors with zero-tax, other incentives
Kunle Kalejaye 30 November 2016, Sweetcrude, Lagos – The Oil and Gas Free Zones Authority, OGFZA, has highlighted the advantages foreign in...
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Power: Senate to sanction NERC over metering failure
30 November 2016, Sweetcrude, Lagos – The National Assembly plans to sanction the country’s power sector regulator, the Nigerian Electricit...
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Optimum Petroleum plans OPL 310 appraisal, development next year
Kunle Kalejaye 30 November 2016, Sweetcrude, Lagos – Indigenous operator, Optimum Petroleum Development Limited, says it will commence appr...
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TCN expects improved power supply following delivery of ‘abandoned equipment’
Kunle Kalejaye 30 November 2016, Sweetcrude, Lagos – The Transmission Company of Nigeria, TCN, says its recent receipt of 77 out of its 218...
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Eko Disco, Huawei sign MoU on meters installation
30 November 2016, Sweetcrude, Lagos – Eko Electricity Distribution Company has signed a Memorandum of Understanding, MoU, with Chinese tech...
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OPEC daily basket price close at $43.84/b
29 November 2016, Sweetcrude, Vienna, Austria — The price of OPEC basket of fourteen crudes stood at $43.84 a barrel on Monday, compared wi...
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Lawmakers to support the rebuilding process in NIMASA
29 November 2016, Sweetcrude, Lagos — The House of Representatives Committee on Maritime Safety, Education and Administration has resolved ...
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BEDC pledges to resolve customer issues
Kunle Kalejaye 29 November 2016, Sweetcrude, Lagos — Benin Electricity Distribution Plc, BEDC, has assured customers across its franchise s...
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CSR: IE partners Unilever on better oral hygiene
29 November 2016, Sweetcrude, Lagos — Ikeja Electric Plc (IE), one of Nigeria’s leading Electricity Distribution companies, has carried out...
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Govt spent $1bn on kerosene subsidy in 2015 – Osinbajo
29 November 2016, Abuja – Vice President Yemi Osinbajo, Tuesday, lamented the low usage of Liquefied Petroleum Gas, LPG, also known as cook...
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Mozambique’s LNG project in line for final investment decision
29 November 2016, Sweetcrude, Lagos – Mozambique’s liquefied natural gas, LNG, project is in line for final investment decision after the c...
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Those blowing pipelines not ordinary Nigerians – Buhari
29 November 2016, Abuja – Jolted by the sophistication and employment of high technical skills in their actions, President Muhammadu Buha...
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Reps want fuel sold at N70 per litre
29 November 2016, Abuja – The House of Representatives on Tuesday urged the Petroleum Products Prices Regulatory Agency (PPPRA) to review ...
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Many indigenous oil firms not contributing to local content fund – NCDMB
According to him, “Not much has been expended from that fund for capacity development. Part of the strategy of this new Board is to come ou...
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NOSDRA to ensure timely, effective response to oil spills – Idabor
At a recent meeting with the Chairman House Committee on Environment and the Minister of Environment, the NOSDRA boss noted that the agency...
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Fashola says Discos frustrate NERC’s efforts to reform power sector
He noted that the Discos have irrespective of their excuses, failed to also tell Nigerians that they have mostly refused to submit their an...
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Oil prices fall as OPEC fails to stop excess production
29 November 2016, Lagos – Oil prices dipped Tuesday as expectations dimmed of an OPEC agreement to reduce the cartel’s gushing of crude int...
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European stocks diverge as oil slides before OPEC meet
29 November 2016, Lagos – European stock markets mostly rebounded Tuesday but London extended losses as mining shares lost their shine, whi...
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It’s illegal for states to issue EIA certificates – FG
29 November 2016, Abuja – The issuance of Environmental Impact Assessment certificates by state governments is illegal, the Federal Governm...
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Fitch doubts Nigeria’s crude-for-loans deals with India, China
29 November 2016, Lagos – Fitch Ratings, a global credit rating agency, has expressed doubt over Nigeria’s multi-billion dollar crude-for-...
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Nigeria needs $14bn in new investment to raise oil output – Shoreline MD
29 November 2016, Lagos – Nigeria needs at least $14 billion a year in new investments over the next five years to raise oil output to 2.2 ...
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Govt owes oil marketers $1.7bn
29 November 2016, Lagos – The country may be plunged into another round of excruciating fuel scarcity in the next couple of weeks, as oil m...
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Uncertainty ahead of crucial OPEC meeting
29 November 2016, Lagos – Mixed signals from OPEC ministers caused fresh volatility on oil markets Monday ahead of a meeting in Vienna mean...
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Kachikwu decries security challenges in oil, gas sector
29 November 2016, Abuja – The Minister of State for Petroleum Resources, Dr Ibe Kachikwu said the effects of security challenges in oil and...
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Bush burning caused pipeline explosion in Delta – JTF
29 November 2016, Warri – The Joint Task Force (JTF), Operation Delta Safe (ODS), said Monday that the recent pipeline explosion that occu...
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OPEC in last-ditch effort to save oil deal
28 November 2016, Vienna, Austria — OPEC was trying on Monday to rescue a deal to limit oil output as tensions grew among the producer grou...
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Oil up, trade choppy as OPEC makes last-ditch bid to save deal
28 November 2016, New York — Oil prices gained more than 2 percent on Monday in volatile trading after falling as much as 2 percent, recoup...
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Shell considering selling its Iraq oil assets
28 November 2016, London — Royal Dutch Shell (RDSa.L) is considering selling out of its oil fields in Iraq as part of its global $30 billio...
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