Energy
-
86OPEC daily basket price drops to $66.05 per barrel
The price of Organisation of Petroleum Exporting Countries, OPEC basket of 14 crudes stood at $66.05 a barrel on Wednesday, compared with...
-
85NCDMB to increase performance to 70%- Wabote
The Executive Secretary, Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Wabote has revealed that the Board will increase Nigerian Content...
-
90Bayelsa State/Century group partnership: New era of change in oil and gas
The global energy market is a very simple one anchored on complex demand patterns and money moves. For this reason, stakeholders in...
-
127Illegal refineries with 4mpd capacity discovered in Rivers
The Nigerian Navy has said it has discovered six new illegal refineries with combined capacity to refine four million litres of crude...
-
117Oil falls about 1% after surprise U.S. crude build
Oil prices fell about 1 percent on Wednesday after data showed U.S. crude inventories unexpectedly rose 1.6 million barrels last week, weighing...
-
127NECONDE alleged $390m oilfield sales bribe: Shell files criminal suit against former senior employee
Royal Dutch Shell (RDSa.L) has filed a criminal complaint against a former senior employee over suspected bribes in the $390 million sale...
-
Nigerian oil firms to acquire Petrobras assets
Two global oil traders, Vitol and Glencore, are in talks to financially back Nigerian firms racing to buy assets owned by Brazil’s...
-
94PENGASSAN, oil companies’ dispute deepens
The labour dispute between the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) and the oil service firms has worsened...
-
107NERC kicks off new metering regime next week
The Nigerian Electricity Regulatory Commission (NERC) On Tuesday disclosed that its new electricity metering regime called the Meter Asset Provider (MAP) regulation...
-
77Lekoil commences legal proceedings against FG over OML 310
West Africa-focused oil exploration and production company, Lekoil Limited, has commenced legal proceedings against the Ministry of Petroleum Resources over federal government’s...
