An appeals court in Milan, Italy today (Friday) rejected Nigeria’s $1.092 billion compensation request against Shell and the Italian energy group Eni, in civil proceedings relating to a $1.3 billion oilfield deal. The decision was read out in court. In…
By Ibiyemi Mathew The International Energy Agency (IEA), has said that soaring oil prices pose a threat to the growth of the global economy. With oil prices rising as high as $100, the agency stated that it is surprised at…
Eko Electricity Distribution Company (EKEDC) on Thursday said the act of bypassing electricity meters was responsible for estimated billing, otherwise known as ‘crazy bil’ in most communities. The Managing Director, EKEDC, Dr Tinuade Sanda made this known at a customer engagement…
By Ibiyemi Mathew The Nigerian Association of Petroleum Explorationists (NAPE) has hosted its yearly media workshop to train journalists on how to creatively report the oil and gas industry in Nigeria. Stating the rationale for organizing the conference, the association…
The Group Managing Director (GMD) of the Nigeria National Petroleum Company (NNPC Ltd), Mr Mele Kyari, has said that he is receiving death threats as a result of the ongoing reformation in the NNPC. Kyari made this know on Wednesday…
The Nigerian Association of Petroleum Explorationists (NAPE), said it would champion discussions on transition towards more sustainable energy sources, energy poverty and global geopolitics. The President of NAPE, Dr James Edet, said the association was also concerned about addressing the…
Oilwatch, an international network that seeks to limit extraction of fossil fuels in the southern hemisphere, has challenged global leaders to acknowledge fossil fuels as a major cause of climate change. The group’s position is contained in a statement by…
National Association of Petroleum Explorationists (NAPE) is set for its 40th Annual International Conference and Exhibition (AICE). The conference is themed: Global Energy Transition & the Future of the Oil and Gas Industry: Evolving Regulations, Emerging Concepts & Opportunities. This…
The National Union of Petroleum and Natural Gas Workers (NUPENG) called off its proposed strike before the Nov. 6 ultimatum following the intervention of Lagos State government. Lagos Chairman of NUPENG, Mr Tayo Aboyeji on Tuesday said that the intervention of…
An independent petroleum products marketer, Mr Mike Osatuyi, says the only realistic pump price of petrol is between N200 and N210 per litre. He said on Tuesday in Lagos that Federal Government’s pricing template that fixed pump price at N169…
