THE competition against Nigeria’s oil and gas has become stiffer with the discovery of the mineral resources in countries that used to depend on crude oil imports from Nigeria.

The discovery of crude oil in the United States (U.S) was the first...

NIGERIAN motorists are at the verge of enjoying alternative fuel sources that could cushion the effects of petroleum shortage, as the Nigerian Independent Petroleum Company plans to expand its Compressed Natural Gas (CNG) stations to accommodate...

THE strategic alliance between Pan Ocean and Skye Bank Plc may soon promote the emergence of a new 200 million standard cubic feet per day (mmscf/d) gas processing facility in Oil Mining Lease (OML 98) in the Ovade-Ogharefe area of the Niger Delta...

NIGERIA just concluded the evaluation of technical/commercial bids of companies and partnerships that are interested in the Nigerian Electricity Power Network and Infrastructure.

As with any other process, no one expected a perfect performance...

ORGANISATION of Petroleum Exporting Countries (OPEC) has stressed the need for member countries to be committed to the Kyoto Protocol to reduce emissions globally.

OPEC Secretary General, Abdalla Salem El-Badri, while speaking at the United...

ELAND Oil and Gas Limited said the OML 40 well, which last produced in 2006, should be back churning out crude oil in the first quarter of 2013.

Elcrest Exploration and Production Nigeria, a joint venture (JV) company established by Eland in...

ELECTRICITY Consumers under the aegis of Coalition of Residents and Business Associations of Nigeria have bemoaned the outrageous billings imposed on consumers under the new Multi Year Tariff Order (MYTO2) introduced by the Federal Government last...

CONOIL Plc has earmarked N4.8 billion to build 60 new retail outlets spread across the country as part of its major strategic expansion programme to meet the increasing fuel needs in the country.

A statement from Conoil Corporate Communication...

ALLIED Energy Plc, an affiliate of Camac Energy’s largest shareholder and the operator of its Nigerian deep water blocks, OML 120 and OML 121, has signed a deed of assignment with Transocean Limited and Nigerian Petroleum Development Corporation...

EXXON Mobil Corp.’s plans to develop a $14-billion underwater oil field off Newfoundland’s coast allows the world’s biggest energy company to hedge against discounted crude from Canada’s oil sands.

“The better pricing is definitely an...

THE year 2012 started on a promisory note in the oil and gas sector especially going by the mission statements scripted by the authorities, with the vision to promote the fortunes of the industry.

Twelve months after, targets set for the...

WITH several projects in the pipeline or due to come onstream over the next few years, such as Usan (180,000bpd) and Egina (150,000bpd-200,000 bpd), Nigerian oil output is expected to rise substantially to 2.62 million barrels per day...

SEARCH and rescue has successfully found 152 of 154 personnel. We expect all of those rescued to be onshore and checked medically. The fire is still burning. Early well control activation is ongoing, these were the words of the Chevron spokesman...

SHORELINE Power Company has acquired a further stake in Shoreline Natural Resources, its Nigerian subsidiary formed with Heritage Oil.

The power solutions company has exercised its option to buy a 30 per cent economic interest in Shoreline...