Energy Chamber urges OPEC members to cut production

The African Energy Chamber has urged the Organization of the Petroleum Exporting Countries and other key global oil producers, including Russia, to continue with the historic production cuts at the December 6, 2018 OPEC meeting to stabilize the oil price. Oil prices have dropped by about 20 per cent in November, and the month is likely to record the More...

by Felix OLOYEDE | Published 2 weeks ago
By Felix OLOYEDE On Monday, November 26th, 2018

DPR uncovers 50 illegal filling stations in Akwa Ibom

Government is battling with the challenge of illegal refinaries in the Niger-Delta The Department of Petroleum Resources (DPR), Eket office says it had discovered 50 illegal filling stations in the state. Mr Tamunoiminabo More...

By Felix OLOYEDE On Thursday, November 22nd, 2018

Oil recovery above $63 after slide

Oil bounced above 63 million a barrel on Wednesday to claw back some of the previous day’s six per cent plunge, lifted by a report of an unexpected decline in U.S. crude inventories. The American Petroleum Institute More...

By Felix OLOYEDE On Tuesday, November 13th, 2018

Mambilla power plant to gulp $5.72b

Babatunde Fashola, Minister for Power, Works and Housing Nigeria’s 3, 050 Megawatts Mambilla Power Plant will cost US$5.72 billion, the minister of Power, Works and Housing, Mr. Babatunde Fashola has said. He More...

By Felix OLOYEDE On Thursday, November 8th, 2018

NUPENG plans 1000 capacity trailer park in Delta

Prince Williams Akpohera, National President of NUPENG The National Union of Petroleum and Natural Gas Workers (NUPENG) is to construct a 1000 capacity trailer park equipped with fuel stations in Delta state. National More...

By Felix OLOYEDE On Tuesday, October 30th, 2018

NNPC debunks fuel hike rumour

The Nigerian National Petroleum Corporation (NNPC) has debunked the trending fake news of an impending review of pump prices of petroleum products, especially Premium Motor Spirit (PMS), called petrol. A release More...

By Felix OLOYEDE On Wednesday, October 17th, 2018

Kachikwu lauds over PENGASSAN’s contribution to PIB

Minister of State for Petroleum Resources, Dr Emmanuel Ibe Kachikwu The Minister of State for Petroleum Resources Dr Ibe Kachikwu, has commended the Petroleum and Natural Gas Senior Staff Association of Nigeria More...

By Felix OLOYEDE On Thursday, September 27th, 2018

Oil Marketers urges FG to pay over N650bn subsidy arrears

Mr. Olufemi Adewole, Executive Secretary, DAPPMA, Oil marketers on Thursday appealed to the Federal Government to hasten payment of over N650 billion subsidy arrears to save their assets from being taken over by More...

By Felix OLOYEDE On Tuesday, September 18th, 2018

NNPC tasks PLAN over pipeline venture

Miakanti Baru, GMD, NNPC The Nigerian National Petroleum Corporation (NNPC) has urged the Pipeline Professionals Association of Nigeria (PLAN) to proffer solutions that could lead to a dramatic change and expansion More...