Shell knew ex-minister’s company would get oil-deal cash

Royal Dutch Shell Plc said it knew some of the $1.1 billion paid to the Nigerian government in 2011 for an exploration license would...

Pipeline vandalism up by 233% – NNPC report

The rate of pipeline vandalism in the country increased by 233 per cent in January this year compared to December 2016, the Nigerian National...

Power system collapses totally four times in five days

The frequency of system collapse in the nation’s power sector in recent times has resulted in prolonged blackout in many locations across the country. Findings...

Chinese to invest $819m in South African Auto Industry

A Chinese state-owned car manufacturing company will invest 11 billion rand ($819 million) in a new plant in South Africa, giving a further boost...

Nigeria’s oil faces output cuts as Shell closes Bonga facility

The exploration and production arm of Shell in Nigeria – Shell Nigeria Exploration and Production Company Limited (SNEPCo) has announced the shutdown of its...

NEPC targets June for solid minerals export

June has been set as the target month for the export of solid minerals from the South-West region, the Nigerian Export Promotion Council has...

Crude oil exports in Nigeria interrupted

Exportation of crude oil and production; hit a fresh disruption with the shutdown of the Trans Niger Pipeline, one of two major pipelines transporting the Bonny...

IPMAN, NIMEX partner to import 100,000mtons of petrol

Petroleum sector pressure group,the Independent Petroleum Marketers Association of Nigeria (IPMAN) has commenced a strategic partnership with NIMEX Petroleum Group for effective importation of...

Oil markets unstable ahead of OPEC meeting later today

Oil markets were unstable early today Wednesday ahead of an OPEC meeting later in the day, with members of the producer cartel trying to thrash...

Nigeria Oil workers want international oil companies call-to-order

Oil workers have urged the Federal Government to resolve the lingering labour issues in the oil and gas industry to avoid an industrial unrest. The...

South Africa’s $72 billion nuclear project begin in June – reports

South Africa's tender for the estimated 1 trillion-rand ($72 billion) expansion of its nuclear power plants will begin in June when state utility Eskom...

Nigeria’s oil production crunches, active rigs rise

Nigeria, which again lost its Africa’s top oil producer status to Angola in January, has recorded further decline in its crude oil production, a...

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