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 is being investigated by prosecutors in Trani, Syracuse and most recently Milan – have been reported in the Italian press in recent More...

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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...

By hallmarknews On Monday, August 1st, 2016
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NUPENG, PTD, IPMAN to work together on petroleum product distribution

Stories  by  ADEBAYO OBAJEMU In line with efforts by the Federal government to ensure efficient petroleum products distribution across the country, the National Union of Petroleum and Natural Gas (NUPENG), Petroleum More...

By Vera Olubi On Sunday, May 22nd, 2016
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Oil disruptions speeding up new world energy order

By ADEBAYO OBAJEMU The world’s oil market is rebalancing faster than expected due to several serious outages, including disruptions in Nigeria. But for now, there is enough oil in storage and excess capacity More...

By Vera Olubi On Tuesday, March 15th, 2016
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It is cheaper to import petrol than refining locally – Kachikwu

It is cheaper to import petrol than refining locally – Kachikwu Nigeria’s Minister of State for Petroleum Resources, Emmanuel Ibe Kachikwu has explained why Nigeria will continue to import Premium Motor Spirit More...