Oil & Gas

By David Odama Worried by the revelation loosing. over $10bn as a result of the alleged fraud being perpectuated in the nation's oil supervising organ and consequent upon the alleged high level of mismanagement of the revenue accrued to the federal government, the Senate, has resolved to investigate the Minister …

The Lagos headquarters of ExxonMobil has been shut down by the company’s workers’ unions over the sacking of 860 spy police without entitlement. The News Agency of Nigeria (NAN) reports that the workers besieged the office of the oil company, protesting the sacking of workers, mainly Nigerians, on Tuesday in …

  By David Pilling Africa’s richest man talks about his yacht in Lagos, his ambitious oil refinery — and his dream of buying Arsenal football club. As a rule, I don’t get worked up over oil refineries. But the one gradually taking form on 2,500 hectares of swampland outside Lagos, …

In the build-up towards Final Investment Decision (FID) later in 2018, Nigeria LNG Limited (NLNG) is seeking $7 billion from the global financial markets for the sustainability of its operations and expansion project  which will increase its production capacity from 22 Million Tonnes Per Annum (MTPA) to 30 MTPA. NLNG …

The Federal Executive Council (FEC) on Wednesday approved a contract for consultancy service for the construction of a gas pipeline at the cost of $92 million.

From By Odilim Enwegbara Private ownership of businesses has been as old as the human civilisation. And there has never been any great economy without an army of private business owners. Why not so when private ownership of enterprises is always better than state ownership because unlike state ownership, they …

Mr Suhail Al Mazrouei, the President of Organisation of Petroleum Exporting Countries (OPEC) says OPEC and non-OPEC countries are working on long-term pact that can extend their control over world crude supplies to ensure future oil price stability. Al Mazrouei, who is also the Minister of Energy and Industry, United …

The Joint Military Force on Tuesday described as false, a report that three soldiers and a suspected pirate died in a shootout at an oil flow station in Bayelsa at the weekend. Major Abdullahi Ibrahim, spokesman for the force – “Operation Delta Safe’’ – told News Agency of Nigeria (NAN) …

By Tony Obiechina   The Bureau of Public Enterprises, BPE, has said that there was no plan by the Federal Government to sell off it’s 49 per cent shares in the Nigeria Liquefied Natural Gas (NLNG).

By Tony Obiechina The Revenue Mobilization Allocation and Fiscal Commission (RMAFC) has commended the Federal Government for directing the Nigerian National Petroleum Corporation (NNPC) to undertake a review of all Production Sharing Contracts (PSCs) between it and its various partners to reflect the current realities in the industry. According to a …