You Are Browsing ‘Oil’ Category

09 February 2016, Abuja – Owing to the delay by the executive to transmit the Petroleum Industry Bill (PIB) to the legislature for passage into law, the National Assembly is set to work on its own version of the bill to expedite the reforms needed in the oil and gas sector. Hon. Yakubu Dogara The...

09 February 2016, Abuja – Portugal’s energy manufacturer, the Ultimate Power Group and its Nigeria’s distributor, Cruz-B Limited, at...

09 February 2016, Lagos –  Exxon Mobil Corporation has announced estimated 2015 earnings of $16.2 billion, representing a decrease by over 50 per...

09 February 2016, Lagos – A group, which identified itself as Nigerian Content Front (NCF) has threatened to drag the National Petroleum Investment...

09 February 2016, Abuja — At a period refining operations averaged 26 per cent, three of Nigeria’s five refineries received about 9.5 million barrels...

09 February 2016, Abakaliki—The South East states chapters of the Nigeria Labour Congress and Trade Union Congress, TUC,, described the planned increment...

09 February 2016, Warri – An oil magnate and a chieftain of Peoples Democratic Party, PDP, in Delta State, Olorogun Okiemute Okwagbe, has faulted...

09 February 2016, Abuja – Acting president, Professor Yemi Osinabjo has accused the previous governments of managing the country’s vast resources without...

*International Energy Agency. 09 February 2016, London — The world will store unwanted oil for most of 2016 as declines in U.S. output take time...

*Oil edges higher. 09 February 2016, London — Oil prices edged up on Tuesday, clawing back some of the losses from a sell-off across broader financial...