Lawmakers, private companies and civil society have continued to wrangle over proposed oil legislation that could see the formation of a national oil company. Read more »
PetroSA and Cohydro Sarl, the national oil companies of both countries, have agreed to develop a framework to jointly pursue oil and gas opportunities to strengthen economic ... Read more »
The number of oil barrels produced daily has been reduced due to the impact of severe flooding experienced nationally. Read more »
The country's foreign reserves has reached U.S.$42 Billion, in line with government's aim to build the reserves to U.s.$50 Million before the end of 2012. Read more »
The Presidency has locked horns with the houses of parliament over the oil price benchmark which the 2013 budget pegs at U.S.$75 per barrel and which the national assembly has ... Read more »
Nigeria's Special Fraud Unit told the Federal High Court in Lagos that the funds allegedly taken by the managing director of Capital Oil and Gas, Ifeanyi Uba, and four others could ... Read more »
Six Russians and One Estonian have been kidnapped aboard their vessel by suspected Sea Pirates along the creeks and waterways of Bayelsa and Delta states. Read more »
The government and lawmakers may be poised for a confrontation as the Senate has rejected the government's benchmark of U.S.$75 in the 2013 budget and raised it to a higher rate of ... Read more »
A Russian company Rosnett, is planning to build a pipeline for refined petroleum products and will also serve Zambia, Malawi and Botswana. Read more »
The row over the oil benchmark for the 2013 budget continues with the House of Representatives calling on the Minister of Finance, Ngozi Okonjo-Iweala, to either obey the law or ... Read more »
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