LAGOS- The Federal Government in a bid to curtail the epileptic power situation in the country has spent about N5 trillion ($31.45 billion) from 1999 till...
LONDON – listed Heritage Oil has entered a farm-in agreement with LNG Energy to earn a stake in two onshore licences in Papua New Guinea. Under...
PORT HARCOURT — The Defence Headquarters on Thursday said crude oil theft had dropped from 60,000 barrels per day (bpd) to 23,000. The Chief of Training...
ABUJA – Two Nigerian government agencies told a parliamentary hearing on Thursday that Royal Dutch Shell should pay a total of $11.5 billion in compensation for...
ABUJA – The Nigerian government has signed a memorandum of understanding with an American company to build six modular refineries with a combined capacity of 180,000...
JOHANNESBURG – Leader of the Movement for the Emancipation of the Niger Delta, MEND, Nigerian national, Henry Okah, was on Tuesday sentenced to 24 years imprisonment...
YENEGOA – The Nigerian Content Development and Monitoring Board on Wednesday formally acquired a 10.2 hecters of land in Polaku community, outskirts of Yenagoa, Bayelsa State...
ENUGU – Nigeria loses about $12 billion to crude oil theft annually, Group Managing Director of the Nigerian National Petroleum Corporation, NNPC, Mr. Andrew Yakubu, said...
LAGOS – South Korea’s Samsung Heavy Industries and Hyundai are both involved in deals to provide six LNG carrier ships between them to Nigeria’s Liquefied Natural...
ABUJA – The Bureau of Public Enterprises, BPE, confirmed Thursday that all the preferred bidders for the Power Holding Company of Nigeria, PHCN successor companies being...
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