Click here to read or make comments on this topic »
AllAfrica aggregates and indexes content from over 125 African news organizations, plus more than 200 other sources, who are responsible for their own reporting and views. Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica.
ABIA State Government, weekend raised hope that the NNPC depot at Osisioma, near Aba would soon be reopened.
A NEW developing licence for the Kudu gas field, which is likely to feature Russian natural gas giant Gazprom as a shareholder alongside existing partners Tullow Oil, Itochu Corporation and Namcor, will be announced soon.
Chief Ojo Maduekwe, the chairman, ECOWAS Council of Ministers, on Friday, said the transportation of gas from Niger Delta to Benin, Togo and Ghana would begin in 2010.
After pocketing an estimated $600 million as signature bonus as revenue for the Federal Government, the Ministry of Petroleum Resources yesterday renewed three shallow water oil licences jointly operated by the Nigerian National Petroleum Corporation and ExxonMobil, granting the U.S. energy firm leases of a further 20 years with the option to renew again.
Uganda settled for relatively unfavourable terms from agreements she signed with companies currently working the huge oil fields discovered in western Uganda, according to a new report to be released this week.
The opposition parties in Abia State have risen in support of the state government's clamour to have the federal government pay the arrears of royalties accruing from the 64 oil wells recovered for the state and then start reflecting its new status in the monthly revenue allocation.
The irony surrounding the fuel market at the moment is that Nigerians cannot buy more than N1,000 worth of fuel at any given time.
A consultant for the Nigerian Extractive Industries Transparency Initiative, NEITI, yesterday disclosed that the deliberate failure of the Nigerian National Petroleum Corporation (NNPC) and the Department of Petroleum Resources, DPR, to effectively monitor crude oil production was responsible for the inability to know the correct revenue from the sector.
Afren Nigeria and its partner, Oriental Energy Resources, have announced completion of the Ebok-5 appraisal well, which had been drilled to a total depth of 3,743' md. The oil column identified is full to base in both reservoirs
In a sustained opposition to the deregulation policy of the federal government, the Nigeria Labour Congress (NLC) at the weekend vowed that members of organised labour would be called upon to take actions that would frustrate the policy.
Opec's president Jose Botelho de Vasconcelos said today the group sees global oil demand growing to 106 million barrels per day in the period from last year to 2030, up 20 million barrels.
Representatives from national, international and smaller contracting oil companies are scheduled to meet with African government representatives to discuss local content policy this December.
There's been a lot of news on the oil front in the past few days. Today, it was announced that Heritage Oil has sold its stake to Italian energy giant Eni S.p.A. for $1.5 billion -- quite a large sum.
THE energy ministry is to resume the marking of all fuel coming into the country effective today.
It was a graduation of Men and women who have been called as pastors and evangelists and by the ceremony, they were being sent out to transform lives of men and women through the power of God so that they can be useful and good citizens of the nation. It was therefore an occasion of great joy as friends and family members from around Lagos State and beyond came together to witness the 51st ...
LATELY, the Federal Government is beginning to demonstrate what could pass for a genuine eagerness to transform the long-neglected but oil-rich Niger delta region.
The Customs Duty investigating team "B" operating in the eastern port has uncovered revenue loss up to the tune of N10 billion in its first week of its operations.
The Shell Petroleum Development Company (SPDC) operated Joint Venture said it produced a total of 512 million standard cubic feet of gas (MMscf/d) in western Niger Delta last week.
Senate President David Mark has charged security operatives to put necessary measures to dismantle the cartels in the oil, energy and transportation sectors which are holding the nation to ransom in order to ease the pains of Nigerians.
There are no records to account for this country's massive but haphazard importation of petroleum products, according to an official survey carried out last week.
The drilling of the next well in the latest rash of exploration of Sao Tome and Principe (STP) and Nigeria's joint development zone (JDZ) has gotten underway.
Electricity workers in the country have restated their opposition to a planned action by the Federal Government to inaugurate seperate boards for the successor companies in Power Holding Company of Nigeria (PHCN).
Reuters Nigeria on Friday renewed three shallow water oil licences jointly operated with ExxonMobil, granting the U.S. energy firm leases of a further 20 years with the option to renew again.
GOVERNOR Emmanuel Uduaghan of Delta State has charged oil multinationals operating in the Niger Delta to emulate Chevron Nigeria Limited in the quest for accelerated development of oil bearing communities.
In a bid checkmate the growing tax evasion by oil companies operating in Imo State, the House of Assembly has summoned the Special Adviser to the Governor on Revenue Generation and the acting Chairman of Board of Internal Revenue to appear before it with evidence of receipts of payment by the companies.
Active Discussions: Petroleum