Nigerians have had to deal with prolonged darkness a total of 2,495.3 megawatts of electricity not utilised nor distributed by power distribution companies in one week....
The Federal Government is planning to withdraw tariff shortfall, averaging N200 billion yearly, in the power sector by the end of the year. Between 2015 and...
The Federal Government through the National Oil Spills Detection and Response Agency (NOSDRA) has confirmed and regretted an oil leak from a 12-inch Benisede-Brass Creek Delivery...
The ongoing war by Russia in Ukraine is making the global oil market highly volatile, the Organisation Petroleum Exporting Countries (OPEC) declared on Monday. Speaking at...
The rising cost of crude oil will increase the cost of Nigeria’s gasoline subsidy by nearly ten times what it had originally budgeted, Nigeria’s President Muhammadu...
Lekoil Nigeria Limited has filed a petition in the Grand Court of Cayman Island Court to request the just and equitable winding up of Lekoil Cayman...
Transcorp Hotels Plc spent about N1.6 billion in 2021 to provide power to its hotels across Nigeria. Chairman of the company, Emmanuel Nnorom, who disclosed this...
The Nigeria Content Development and Monitoring Board has highlighted divestment from hydrocarbons assets and energy shortage as two implications of energy transition with different impacts on...
The Federal Government has said that the existing trains of the Nigeria Liquefied Natural Gas company are witnessing insufficient gas supply, noting that this is why...
Following an announcement on 28 February 2022 that it had entered into an agreement with Savannah Energy Investments Limited, a subsidiary of Savannah Energy PLC, Lekoil...
The House of Representatives’ Ad Hoc Committee on Recovery of Outstanding Debts Owed By Oil and Gas Companies has advanced drastic steps to recover a total...
Nigeria’s national power grid today collapsed again, leaving the entire country without electricity supply. The latest collapse followed weeks of bickerings among operators that has led...
The Federal Government is open to onshore and natural gas investments in Nigeria by the Turkish government, the Minister of State for Petroleum Resources, Chief Timipre...
Lists benefits for economy, shareholders Apparently worried by unending inquiries by its happy investors and stakeholders who barely a week ago welcomed its share deal...
Seplat Energy Plc on February 25 announced an agreement to acquire the entire share capital of Mobil Producing Nigeria Unlimited (MPNU), a subsidiary of ExxonMobil. In...
Wednesday was another day of wild market moves, mainly in commodity markets as echos of sanctions and fear of supply disruption triggered by the ongoing war...
Lingering controversy between Oyo State government and Electricity Distribution Company (IBEDC) took a sharp turn on Wednesday as the government sealed off some offices belonging to...
Long queues that recently resurfaced at many petroleum stations in the country have been attributed to a batch of adulterated and contaminated petrol supplied by Nigerian...
Coming from a seven-year high record of $90 per barrel last week, oil prices in the global market set a new record on Monday, trading above...
Rising oil prices could create $500bn stranded asset trap – Report Major oil companies could get caught in a stranded asset trap worth as much as...