HOUSTON – US oil and gas companies, Allied Energy and Camac Energy, have hired a Transocean semi-submersible to drill a delayed deep-water development well on the...
MONROVIA – Australia’s African Petroleum has commenced a two-well exploratory drilling programme in Block LB-09 offshore Liberia. Drilling commenced on Tuesday on the Bee Eater-1, designed...
ABUJA– The Office of Nigeria’s Accountant-General of the Federation has begun payment of fuel subsidy claims to marketers, Finance Minister Ngozi Okonjo-Iweala said. Okonjo-Iweala, who disclosed...
ABUJA: Nigeria National Petroleum Corporation NNPC has obtained a $1.5 billion syndicated loan to help it pay debts to international fuel traders, a senior banking source...
AKURE — Over 35 illegal oil refineries and 18 local boats used by bunkerers were, weekend, destroyed by the Joint Task Force on Oil Bunkering operating...
LAGOS – Twenty-two vessels have been arrested by the Nigerian Navy for various act of illegality, ranging from oil bunkering and illegal entry into the nation’s...
HOUSTON –South Korean engineering firm Hyundai Heavy Industries (HHI) said Friday a final decision on the award of a floating production, storage and offloading vessel contract...
HOUSTON- Samsung, the Korean Ship builder, engineering, procurement and construction giant appears to have been endorsed by the group executive committee, GEC, of the Nigerian National...
LAGOS – Leading petroleum products marketer, Conoil Plc plans to bring on stream this year, 60 new retail outlets spread across the country as part of...
LAGOS – Oando Plc’s Rights Issue has formally opened an offering in which the company is seeking to raise N54.6 billion through the issuance of 4,548,236,276...
