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Discover latest news and analysis, headlines, blogs and videos about Nigeria’s Niger Delta Regions, Nigeria’s Oil wells and locations, Nigeria’s Key Oil companies and local refinery news and updatss

UK Oil & Gas Council unveils Sahara Group director, Tonye Cole, as winner of Africa Energy Awards

The United Kingdom Oil and Gas Council on Tuesday announce the Executive Director/Founder of the Sahara Group, Tonye Cole, as winner of the 2017 Lifetime Achievement Africa Energy Award. In announcing the award, the Council said Mr. Cole was recognised for his commitment to the...

NAF Destroys Illegal Oil Facility in Niger Delta

The Nigerian Air Force (NAF) has successfully destroyed an illegal oil storage facility and other related items in Ojekiri and Ngbae communities in the Niger Delta. During a patrol mission conducted by the NAF’s Mi-24V helicopter, illegal oil refinery activities were spotted at these...

Dangote Sugar Refinery to gulp N106 bn investments to improve profitability

Alhaji Aliko Dangote, Chairman, Dangote Sugar Refinery (DSR) on Thursday said that N106 billion would be invested in the company to boost profitability and enhance dividend payment. Dangote told shareholders at the company’s 11th Annual General Meeting (AGM) for 2016 financial year in Lagos that...

37 local companies bid for NNPC fire-fighting trucks supply

No fewer than 37 companies have submitted bids to supply firefighting trucks to Nigerian Pipelines and Storage Company (NPSC), a downstream subsidiaries of the Nigerian National Petroleum Corporation (NNPC). The NNPC stated this in a statement in Abuja on Wednesday by Mr Ndu Ughamadu, its...

NLNG partners NLPGA to boost cooking gas supply to North

The Nigerian Liquefied Natural Gas (NLNG) company and the Nigerian Liquefied Petroleum Gas Association (NLGPA) have agreed to work together to surmount some of the challenges that have hindered the penetration of Liquefied Petroleum Gas (LPG), popularly called cooking gas, especially to the northern...

Azura power plans attracts World Bank, IMF interest

The Edo State Government’s performance index in promoting Independent Power Plants (IPP) as a business model and opening up economic opportunities has received international recognition, as it became the cynosure of over 10,000 international personalities at the World Bank, International Monetary Fund (IMF) Annual...

USA-based Nigerian businessman to float $2bn modular refinery in Edo

A United States of America-based Nigerian​ businessman, Charles Ihaza, has proposed a $2 billion modular refinery in Eghudu in Ovia North East Local Government Area of Edo State. Speaking at an Open Forum on Environmental Impact Assessment (EIA) on the Eghudu Refinery in Benin Thursday,...

Supreme Court fixes Nov. 14 to hear crude oil revenue sharing formula suit

The Supreme Court on Thursday fixed November 14 to hear a suit on alleged outdated oil revenue sharing formula instituted against the Federal Government. Justice Bode Rodes-Vivour led other six justices of the apex court to announce the date after a preliminary session on the...

Nigerian, nine foreigners arrested for stealing crude in Delta

The Nigerian Navy Ship, NNS, DELTA said it has nabbed 10 suspected oil thieves onboard MT TECNE Vessel in Delta. The Commander of NNS Delta, Ibrahim Dewu, disclosed this while parading the suspects at Focados River, Burutu Local Government Area of Delta on Wednesday. The suspects...

The man who called crude’s collapse three years ago now sees this

by Rebecca Ungarino In late 2014, when crude oil (New York Mercantile Exchange: @CL.1) was vacillating between roughly $60 and $80 a barrel, Tom Kloza of the Oil Price Information Service called for a plunge in crude prices over the next year. He was right...
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