The Federal Government has said that Nigeria’s power sector required an investment of $5billion (N1.8 trillion) in the next five years to solve transmission challenges.

As prices of crude oil prices remained low forcing many companies to engage in different strategies to be relevant in the sector, the Society of Petroleum Engineers, Nigeria Council...

The country has recorded decreases in the prices of Automotive Gas Oil (Diesel) and Liquefied Petroleum Gas (Cooking Gas) according to the latest data from the National Bureau of Statistics (NBS).

Rig owners in Nigeria have tasked the Federal Government to implement the alternative funding stream for joint venture operations it approved in November last year.The operators regretted that the inability of government to execute the plan has further thrown the industry into instability......

The merger between Baker Hughes Inc (BH). and GE’s oil and gas business is complete. The combination, Baker Hughes, a GE company, brings together capabilities across the full value chain of oil and gas activities—from upstream to midstream to downstream.

The Managing Director, Nigeria LNG limited, Tony Attah has described the NIPCO Liquefied Petroleum Gas (LPG) Terminal as a world-class facility that could assist the nation effectively as a game changer in the gas industry.

Accumulated debt profile of customers under the Ikeja Electric Plc network has hit N88 billion, a development that is hindering the planned metering programme, as most its revenue are stuck with consumers who are reluctant to offset their outstanding bills.

Oil traded near $44 a barrel as investors weighed the likelihood and potential effectiveness of Libya and Nigeria capping production.

The Amukpe Escravos Pipeline Project (AEPP) belonging to Pan Ocean Oil Corporation, an indigenous exploration and production company in Nigeria’s upstream oil sector, is expected to come on stream before the end of 2017.

With its objective to bridge the gap between the academia and practical experience in the oil industry, Danvic Petroleum Training School has graduated its pioneer set of trainees in the first phase of a training programme.

A delegation from Italian global energy provider, Eni, headed by Chief Financial Officer, Massimo Mondazzi, has given a presentation to the World Bank that reinforced the group’s continued commitment to sustainable growth.  

Making amendments to the Nigeria LNG Limited, NLNG Act would lead to double taxation since gas suppliers to NLNG already pay the Niger Delta Development Commission (NDDC) three per cent levy.