LAGOS-Italian major Eni said CEO Claudio Descalzi and Sonangol Chairman Francisco de Lemos Maria signed Monday a strategic agreement to co-operate in developing gas resources in...
Nigeria is not broke, Nigerians are broke’ By Dele Sobowale “Already, some states are having difficulty with the payment of salaries of their workers. Many have issues...
By Kunle Kalejaye Fire has gutted a 150MVA, 330/132kv power transformer and control cables attached to two other 150MVA power transformers in Kumbotso Transmission Substation in...
ABUJA-Nigeria’s Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke, following consultations with the Executive Governor of Delta State, Dr. Emmanuel Uduaghan has announced the rescheduling of the...
LAGOS-PennWell Corporation, owners and producers of Offshore West Africa Conference & Exhibition, have confirmed that Lonadek will be a Strategic Partner for the upcoming 2015 event,...
ABUJA-Keen on ensuring a hitch-free supply and distribution of petroleum products across the country, especially during the end of year festivities, the Minister of Petroleum...
ABUJA-The Federal Government says it loses $10billion (N1.7trillion) annually to fraudulent practices in the award of contracts and project reviews. The Director-General Bureau of Public Procurement,...
Russia’s plan to build a second gas pipeline to China would cement President Vladimir Putin’s policy of tilting energy exports toward Asia. Fulfilling his goal will...
Transocean Ltd, the owner of the world’s largest offshore drilling fleet, said it was likely to retire additional rigs as the company continued to face pressure...
Price forecasts from the Organization of Petroleum Exporting Countries have never been particularly reliable, so it’s easy do dismiss the latest one — a “constant nominal...
