B rent rose to 108 dollars a barrel last Thursday as bitter cold across the northern Hemisphere boosted heating oil demand. However, the U.S. Federal Reserve’s...
The Federal Government has received kudos from the Trade Union Congress (TUC) over its decision not to sell the nation’s four refineries as earlier said. The...
The Petroleum Equalisation Fund Management Board (PEFMB), in Abuja, yesterday said it saved N14.433 billion through Project Aquila between January and November 2013. The Executive Secretary...
The Nigerian Security and Civil Defence Corps (NSCDC), in Akwa Ibom State has arrested one Romanio Effiong in connection with the seized 80 drums of products...
The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), has said that the protection of oil pipelines should be the responsibility of security agencies...
Oil revenue money that had been frozen under international embargoes is set to start flowing to Iran from February 1, 2014, with a target to cap...
Brent crude oil price was below 107 dollars a barrel last Thursday, as expectations of more supply outweighed news of a large drop in U.S. crude...
Former Minister of Petroleum, Prof. Tam David-West, has called on President Goodluck Jonathan to have a rethink over the issues surrounding Soku oil wells in Akuku-Toru...
The Organisation of Petroleum Exporting Countries (OPEC) has lowered its oil output further and is pumping less than this year’s global need for its crude, the...
Lagos State Governor, Babatunde Fashola last Thursday inaugurated an Independent Power Plant (IPP) for the state’s secretariat at Alausa in Ikeja, Speaking at the inauguration of...