FG tasks NNPC to Stimulate Economic Growth through Aggressive Gas Devt

The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Baru made this disclosure Dr Maikanti Baru, GMD NNPC on Tuesday in Lagos during a Gas Roundtable meeting for Chief Executives and Directors levels of the oil and gas companies organized by the Nigerian Gas Association (NGA) where he was named the Pioneer Advisory More...

by Felix OLOYEDE | Published 2 days ago
By Felix OLOYEDE On Monday, October 16th, 2017
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Shareholders call for sack of Oando Management as crisis worsens

OKEY ONYENWEAKU These are tough times for local oil and gas giant, Oando Nigeria Plc and not many of its shareholders are smiling. The company Wale Tinubu, MD, Oando Plc. has been embroiled in a series of crisis More...

By Vera Olubi On Sunday, September 17th, 2017
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Planned rehabilitation of refineries challenges past experience of state control

          The state of the country’s refineries is so decrepit that any attempt to delay in selling them would amount to a desire to sell scraps. Though the senate agreed that it should be repaired, More...

By hallmarknews On Tuesday, September 6th, 2016
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Malabu Oil Deal: New Investigation implicates more Nigerians 

Leading Nigerians have been named in an alleged conspiracy to undermine Italian Prime Minister Matteo Renzi and the leadership of the giant state-owned oil major ENI. Details about the alleged conspiracy – which More...

By hallmarknews On Tuesday, September 6th, 2016
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Oil prices rise to U.S. $49.73 on U.S., OPEC speculation

Oil futures rose yesterday largely prompted by production suspensions in the United States Gulf due to an expected tropical storm and speculation that producers meeting in Algeria next month will act to prop up More...

By hallmarknews On Tuesday, September 6th, 2016
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Darkness looms as GENCOs’collapse imminent

Penultimate weekend,   the Nigerian Bulk Electricity Trading Plc, NBET had alleged that it had  paid N186.7billion to Electricity Generating Companies GENCOs adding that  it is only owing them about N156 billion. Reacting More...

By hallmarknews On Monday, August 1st, 2016
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Oil in Lake Chad:

Story by Adebayo Obajemu Given the charge by President Muhammadu Buhari to the Nigerian National Petroleum Corporation (NNPC) recently to intensify efforts to find oil in the Lake Chad Basin, the National President, More...

By hallmarknews On Monday, August 1st, 2016
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Anambra govt signs S.25m MoU for 40MW power

Story by  ADEBAYO OBAJEMU Anambra State Government has signed a Memorandum of Understandings, MOU, with Zolts Energy Limited, for the construction of a 40-Megawatt embedded power generating plant in Ogbaru Local More...

By hallmarknews On Monday, August 1st, 2016
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Epileptic power: Nigerians resort to gas-powered generating set

Stories  by  ADEBAYO OBAJEMU Epileptic public power supply has continued to be a recurring decimal over the years in Nigeria. This has stifled the industrial sector of the nation’s sector as well as caused More...