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...

Solar is likely to beat Coal to cheapest power on Earth

Solar power is now cheaper than coal in some parts of the world. In less than a decade, it’s likely to be the lowest-cost...

Oil gains post-Christmas ahead of OPEC, non-OPEC cuts

Oil prices extended gains on Tuesday in post-Christmas trading, as OPEC and non-OPEC members are set to start curbing output in less than a...

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...

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...

IPMAN, NNPC clash over annual N125,000 BPA fee

Nigeria may soon face another round of fuel scarcity as the South West branch of the Independent Petroleum Marketers Association of Nigeria (IPMAN) has...

Saudi says ‘committed’ to global oil market stability

Saudi Arabia is committed to stabilising the global oil market, the energy ministry of the world's biggest oil exporter said on Tuesday, as prices...

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...

NNPC: Oil exploration begins in Gongola, inland basins

The Petroleum Corporation in Nigeria has embarked on a more rigorous exploration for oil in the Gongola and other inland basin using the latest...

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...

Oil up on Saudi commitment to cut; U.S. output seen rising

Oil prices settled up on Monday, as Saudi Arabia's commitments to reducing production offset a report forecasting U.S. output would again rise this year. The...

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