NEWS

The successful implementation of the African Continental Free Trade Area (AfCFTA) will become a game-changer for the African Continent, the Secretary-General of the African Continental Free Trade Secretariat, Wamkele Mene has said. In…

Rivers state government has reopened Shell Petroleum Development Company (SPDC) operational base, Kidney Island, after it was taken over on December 23, 2020. This was disclosed in a statement signed by Kelvin Ebiri, special assistant…

The price of a lithium-ion battery pack used to power an electric vehicle has plunged 89% in the last decade, Oil Price has said. The international oil and energy analysts stated that the price it could drop even further in the next…

Mozambique is already benefiting from its collaboration with the African Energy Chamber, the largest energy industry lobby group in the continent.For many years, and as it was pursuing ambitions to become a global LNG exporter, Mozambique…

Metso Outotec, a frontrunner in sustainable technologies, has signed a contract to deliver a complete package of key process equipment for a greenfield zinc plant in Verkhny Ufaley in the Chelyabinsk region in Russia. Metso Outotec made…

The Federal Government says it may impose a travel ban to and from certain parts of the world as part of the measures to prevent the spread of the new strain of COVID-19 reported in the United Kingdom. The News Agency of Nigeria…

The amount spent on the importation of petroleum products into Nigeria rose to N700.46bn in the third quarter of this year, moving closer to the pre-COVID-19 level, the latest data from the National Bureau of Statistics have shown. The…

The Cop26 Coalition, a coalition of organisations campaigning for urgent action on the climate crisis, has criticised the UK government’s Climate Ambition Summit. The Cop26 said the summit which held on the 12th of December failed to…

Petroleum marketers in the country have kicked against the N5 reduction in the price of Premium Motor Spirit (PMS) otherwise known as petrol which was announced by the Federal Government on Tuesday. Fuel marketers said it would be…

Africa stands at a precarious juncture, where the transition from fossil fuels to renewables intersects with the economic benefits of a strategically managed oil and gas industry.   Down one road, the continent expands exploration and…

Nigeria’s minister of state, petroleum resources, Chief Timipre Sylva, has stated that the country is transiting from fossil fuel to renewable energy, which he said is the future of the oil and gas sector globally. A statement by Deputy…

Shell has confirmed that it has shut down the breached gas pipeline in a community in Bayelsa state of Nigeria’s Niger Delta region. Eni has also declared force majeure on exports of Nigerian Brass River crude oil following the same…

Nigeria’s leading deep-water energy company, the Shell Nigeria Exploration and Production Company (SNEPCo) has donated a state-of-the-art Information and Communications Technology (ICT) Centre to the Enugu State University of Science and…

Electricity power generation private sector group has countered the Nigerian Electricity Regulatory Commission, saying the problems bugging the sector are so overwhelming that they may end up derailing the sector. Elated by the recent…

The Department of Petroleum Resources (DPR) on Wednesday warned petroleum marketers in the country to desist from under-dispensing of products and other sharp practices that would leave petroleum consumers shortchanged.  The Operations…

Trade ministers and business leaders from across the Commonwealth will gather virtually to examine how they can work together to spur a digitally-inclusive and green recovery in the face of devastating economic impacts linked to…

The Federal Executive Council has ratified Nigeria’s membership of the African Continental Free Trade Area. The decision was taken on Wednesday at the weekly meeting of the Federal Executive Council presided over by the President,…

What a week it has been for our own dear native land! Just at the beginning of the month, as the country turned 60 as an independent entity, President Muhammadu Buhari had charged us to “begin sincere process of national healing, eliminate…

ADDRESS TO THE NATION BY HIS EXCELLENCY, MUHAMMADU BUHARI, PRESIDENT OF THE FEDERAL REPUBLIC OF NIGERIA ON THE ENDSARS PROTESTS, 22ND OCTOBER, 2020 Fellow Nigerians, It has become necessary for me to address you having heard from…

Three Senate committees have been given eight weeks to make required legislative input into the Petroleum Industry Bill (PIB) presented to the National Assembly recently. The three committees include, Petroleum Downstream, Petroleum…