NEWS

The Nigerian Navy (NN) has announced that in weeks five and six of operation, its personnel conducting Operation Dakatar Da Barawo (OPDDB), in the Niger Delta region have arrested 20 suspected crude oil thieves and seized over six million…

Dr. Bunu Alibe and Mr. Ayodele Olojede who are the two aggrieved directors of Green Energy International Limited (GEIL), in the tussle over the ownership of the firm have rejected the interim agreement proposed by the Chairman of the…

Camco Clean Energy has announced a partnership with Energy Peace Partners in the management of the Peace Renewable Energy Credit (P-REC) Aggregation Fund, designed to expand renewable energy investment in fragile states in Sub-Saharan…

Seplat Energy PLC, a leading Nigerian energy company has announced Mr. Basil Omiyi, as its new board independent non-executive chairman. He replaces forming founding chairman, Dr ABC Orjiako, who retired from the board.    A statement…

Russia has said that buyers of its oil will have to pay more will have to pay more or seek alternative supplies if the European Union (EU) carries on with its threat to impose import tariffs on the country’s oil. The Russian spokesman,…

Nigeria’s National Emergency Management Agency (NEMA) has confirmed nine persons died while 10 others were left with serious injuries in a gas explosion that occurred early morning yesterday in the Sabon Gari suburb of Kano state. …

Russian president, Vladimir Putin has warned that if Europe would be committing “economic suicide” if it goes ahead with the threat to ban crude oil and natural gas from Russia. Putin who spoke yesterday also stated that any attempt to…

Nigeria’s minister of state, petroleum resources, Mr. Timipre Sylva, who had signaled to contest the 2023 presidential elections, has withdrawn from the race and returned to his office. Mr. Sylva was among the horde of presidential…

.…….. Plans to plant 5m trees in 5 years The Seplat Energy Limited has commenced its `Tree 4 Life Initiative’, programme, which involves a commitment to embark on planting five million trees in five years to mitigate climate change and…

Oil giant Saudi Aramco said Sunday its profits soared more than 80% in the first three months of the year, as the state-backed company cashes in on the volatility in global energy markets and surging oil prices following Russia’s invasion…

The Socioeconomic Rights and Accountability Project (SERAP) has sued Nigeria’s President Muhammadu Buhari for the alleged expenditure of N1.48billion on the country’s four moribund refineries between 2015 and 2020. SERAP insists that…

A report has said that Nigeria and Angola accounted for almost half of the Organisation of Petroleum Exporting Countries (OPEC) and its allies' shortfall in planned oil supply. In the report, Reuters said this was a reflection of a…

……..Gulf of Guinea Accounts for 4.5mbd in Africa………From 44 piracy incidents in 2020 to 11 in 2021 Nigeria’s chief of naval staff, Vice Admiral, Awwal Gambo has given the Navy a pat on the back, noting that there has been a marked…

The Independent Petroleum Marketers Association of Nigeria (IPMAN), has called on the Federal Government to immediately pay marketers their bridging claims estimated at about N500 billion to enable them commence the lifting of petroleum…

Minister of state for Petroleum Resources, Mr. Timipre Sylva, has said that Nigeria’s cooperation with other West African member nations on the West African Gas Pipeline Project, (WAGP) has recorded numerous accomplishments and gains. …

Years of government neglect and unemployment in Nigeria’s Niger Delta region have given rise to a widespread industry of illegally refining stolen oil. It is estimated that about 10% of Nigeria’s daily oil production is lost to illegal…

………..blames oil thieves in the Niger Delta The Central Bank of Nigeria (CBN) has blamed the rising crude oil theft in the country for the apex ban’s inability to grant foreign exchange to Nigeria airline operators agitating for rebate…

……..Says it will not fix price for aviation fuel The Nigerian National Petroleum Company (NNPC) has asked airline operators to request for import license to enable them import aviation fuel for their operations. Stating their…

……...The proposal could ban Russia from accessing European insurers As the European Union (EU) continue to tighten its hold on Russia with stiff sanctions, the bloc is reported to be planning to add to the last sanction, with the plan…

Nigerian Supreme Court, last Friday, declared that the 17 oil wells claimed by the Rivers State government against Imo State belonged to the state (Rivers). Other defendants in the matter are the Revenue Mobilisation Allocation and the…