Oil Theft: Troops Destroy 44 Illegal Refineries, Arrest 29 Suspects
Nigerian Army Troop
The Defence Headquarters has said the troops of Operation Delta Safe and other subsidiary operations, have uncovered and destroyed 44 illegal refining sites in the Niger Delta region.The Director, Defence Media!-->!-->!-->!-->!-->…
Read More...
Read More...
$5bn Floating LNG plant could be game changer for Nigeria
The prospect of new earning foreign exchange in natural gas revenue from natural gas exports to Europe is a key reason analysts consider the newly signed UTM Floating LNG plant as a game changer for Nigeria.The 1.52 million tonnes!-->!-->!-->!-->!-->…
Read More...
Read More...
London Stands Still For Rone, As He Signs Mega Deal with Petroleum Minister Sylva
Businessmen are the illustrious popes of commerce, robed and mitred in the resonance of their exploits. More often than not, they rise through the fog and the fire of enterprise to tower in dominion astride chains of businesses and!-->!-->!-->…
Read More...
Read More...
How MoU Discreetly Settled Nigeria- China Oil Well Dispute
The signing of an Memorandum of Understanding, MoU has discreetly ended a potentially damaging inter-governmental dispute over oil-mining leases.China state-owned enterprise Sinopec has signed a transfer, settlement and exit!-->!-->!-->!-->!-->…
Read More...
Read More...
Nigeria misses millions of dollars on failed Brass, Olokola LNG projects
Nigeria’s gas vision blighted by Brass, Olokola LNG projects failureNigeria’s 206 trillion cubic feet (Tcf) of proven natural gas is only 12 percent of Russia’s 1,688 Tcf, and European energy giant hauls home over $400m daily in gas!-->!-->!-->…
Read More...
Read More...
British National Arrested Over Alleged $9.6bn P&ID Fraud
A Federal High Court in Abuja has issued a bench warrant on James Richard Nolan, a Briton, for jumping bail and failing to appear before the court for trial.
Justice D. U. Okorowo issued the bench warrant on Tuesday.Nolan, one!-->!-->!-->!-->!-->!-->!-->…
Read More...
Read More...
OPEC data shows Nigeria now 4th oil producing country in Africa
The Organisation of Petroleum Exporting Countries (OPEC) has placed Nigeria as the fourth oil producing country in Africa. Like in previous months, OPEC revealed that Angola, Algeria and Libya produced more oil in October!-->!-->!-->…
Read More...
Read More...
Petroleum Minister Assures of Sufficient Supply During Yuletide
...crude oil production surges to 1.5mbpdThe Honourable Minister of State for Petroleum Resources, Chief Timipre Sylva, has announced that all is in place for PMS (Petrol) and other Petroleum products' sufficiency during the!-->!-->!-->!-->!-->!-->!-->…
Read More...
Read More...
Remove petrol subsidy immediately – El-Rufai tells Buhari govt
Governor Nasir El-Rufai of Kaduna State has urged the Federal Government to immediately remove the subsidy on petrol.
El-Rufai spoke at the “State-of-the-State” session at the on-going NESG, yesterday in Abuja.When asked during!-->!-->!-->!-->!-->!-->!-->…
Read More...
Read More...
Fight against oil theft hots up
•Onslaught rattles the underworld in Niger DeltaThe fight against crude oil theft in the Niger Delta region is yielding fruits just as it is rattling the underworld, especially in Bayelsa and Delta states, considered the!-->!-->!-->!-->!-->…
Read More...
Read More...

