NEW YORK– U.S. crude futures fell 2.5% Thursday to the lowest settlement this year after weekly government data showed an increase in domestic oil stockpiles. The...
LAGOS – Chairman and Chief Executive Officer of Molap Group, Chief Isaac Jolampamo, has said that 80 per cent of indigenous shipping companies in the country...
ABUJA – Nigeria is targeting to create a total 35,000 new jobs over the next three years from the execution of three major oil fields projects...
…….Nigeria holds 600 tcf shale gas reserves ABUJA – Nigeria’s liquefied natural gas, LNG, exports to the United States is on a steep decline on the...
NEW YORK – Sony Corp said it will launch its next-generation PlayStation this year, hoping its first video game console in seven years will give it...
…..Mobil demands competitive fiscal terms ABUJA – As the logjam over the Petroleum Industry Bill, PIB, persists Shell threw a bombshell Wednesday when it announced it...
ABUJA – Gunmen attacked a vessel off the coast of Nigeria’s oil-rich southern delta, kidnapping six foreigners in an area that has become increasingly dangerous for...
LAGOS – Nigeria lost a total of 620 megawatts per hour of electricity in three months, between October and December 2012, arising from differences in average...
ABUJA – The Nigerian Government has assured that reform plans for the Nigerian oil and gas sector remained on course and that the beleaguered Petroleum Industry...
ABUJA – The Nigerian government says it has obtained assurances from world leaders to help stem the incidence of crude oil theft in the Niger delta...
