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The Economic and Financial Crimes Commission, EFCC, says it has taken delivery of eight suspected oil thieves, including Cameroonians allegedly caught while bunkering illegally refined PMS, from the Nigerian Navy Ship, NNS Victory. NNS…
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The Chairman and Chief Executive Officer of Oilserv Group, Mr. Emeka Okwuosa, has said that efforts were being put in place to ensure that the Obiafu-Obrikom-Oben (OB3) ‘LOT B’ gas pipeline being handled by his company was completed by…
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With the global energy transformation defining the energy landscape and world economies, fossil fuel will still account for 53 per cent of the world energy demand even up to 2040. This was made known by the Chief Executive Officer,…
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Nigeria may save more than $5 billion annually if the country deregulates its downstream petroleum sector, the immediate past president of the Nigerian Association of Energy Economists (NAEE), Prof. Wumi Iledare, has disclosed. Speaking…
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A former Nigerian president, Goodluck Jonathan, has repeated his claim that he did nothing wrong when his government brokered the controversial Malabu oil deal. A statement by Ikechukwu Eze, media adviser to the former president,…
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Daily, about 126 heavy-duty trucks jot across a massive land area that is seven times the size of Victoria Island. This is aside the 750 heavy-duty equipment stationed in what is clearly one of the biggest construction projects in any…
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Japan is pushing the limits of rail travel as it begins testing the fastest-ever shinkansen bullet train, capable of speeds of as much as 400 kilometers (249 miles) per hour. Called the Alfa-X, the train is scheduled to go into service…
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The Nigerian government has accused former President Goodluck Jonathan and his then oil minister of accepting bribes and breaking the country’s laws to broker a $1.3 billion oil deal eight years ago, a London court filing shows. The…
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-By Yange Ikyaa Oil production from Nigeria’s deepwater province is currently 850,000 barrels per day, representing 40.47 per cent of the total production of 2.1 million barrels per day.The Director, Department of Petroleum…
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*As communities threaten firm, state demands Aiteo Eastern Exploration and Production Company’s Nembe Creek Trunk Line, NCTL, is still under shutdown, affecting the export of Nigeria’s number one crude grade, Bonny Light,…
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