Oil prices headed for a second year of steep losses in their last trading hours of 2015 as OPEC supplies created an unprecedented global glut that...
The Federal Government seems set to reduce the pump price of petrol to about N85 per litre from January 2016. Minister of State for Petroleum ,...
Coastal communities in Bayelsa impacted by the January 16, 2012 KS Endeavour Rig Explosion in Chevron’s oil field have dragged the oil firm to a San...
Brent crude prices hit their lowest in over 11 years on Monday, hounded by a relentless rise in global supply that looks set to outpace demand...
Dr Ibe Kachikwu, the Minister of State for Petroleum, has promised to bring about fundamental change in Nigeria’s oil sector in 360 days. He gave the...
A Dutch Appeals Court ruled on Friday that Royal Dutch Shell can be held liable for oil spills at its subsidiary in Nigeria. Judges in The...
Nigerian Electricity Regulatory Commission (NERC) has given eight companies licences to generate 1,648.25mw and also a licence to a distribution company to distribute power. In a...
The House of Representatives on Thursday directed the Nigerian Electricity Regulatory Commission (NERC) to suspend the planned electricity tariff increase pending the conclusive of on-going investigative...
Gas flaring in the Niger Delta has caused tremendous damage to the environment and human health. Despite longstanding laws against gas flaring – the burning of...
