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18 Mar 2015
Eland Oil and Gas has expressed its commitment to increase investment in Nigeria’s oil and gas sector, with optimism that its hydrocarbon wells are still commercially viable despite the plunging oil prices.
18 Mar 2015
Global enhanced oil recovery (EOR) market is expected to reach $283 billion by 2020, according to a new study by Grand View Research, Inc. Growing global energy demand is expected to remain a key driving factor for global EOR market.
18 Mar 2015
Oil prices might have stabilised only temporarily as the global oil glut is worsening due to production in the United States showing no sign of slowing, the International Energy Agency said on Friday.
18 Mar 2015
Investment in African megaprojects increased by 46 per cent to $326 billion in 2014, mainly as a result of higher investment in transport, energy and power infrastructure, advisory firm Deloitte’s third yearly African Construction Trends report has revealed.
18 Mar 2015
THE imperativeness of adequate power supply for any nation’s growth and development cannot be overstated, as electricity remains the major driver for effective sctoral operations. The need for diversified sources of power supply has naturally become a germane issue, with the nation now planning to opt out of monocultural profile.
18 Mar 2015
SHELL’s announcement that it would be scaling back its shale gas exploration has been described as a blow to the South African government, which has punted shale gas as a “game changer” for the economy.
18 Mar 2015
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has assured Nigerians of effective distribution of petroleum products during and after the general elections across the hinterland of the country.  
17 Mar 2015
The estimate for world oil demand growth in 2014 remains broadly in line with the previous report at 0.96 mbpd. For 2015, global oil demand growth is expected to average 1.17 mbpd, relatively unchanged from the previous month. Almost half of 2015 oil demand growth is projected to come from China and the Middle East.
17 Mar 2015
Besides, the utility firms are worried about the increasing debt profile which is mostly traced to government agencies: the army, police, ministries and parastatals and para-military forces, which the Discos claim
15 Mar 2015
In fact, the Budget Director General revealed that in the 2015 plan, non-oil revenue was for the first time projected to be higher slightly than oil mineral revenue, which makes the plan a non-oil economy Budget.
15 Mar 2015
Electricity consumers may have to wait till the end of 2018 for their homes to be metered as the National Electricity Regulatory Commission (NERC) has said it might not sanction distribution companies for not providing their customers with prepaid meters until the end of the five-year agreement they signed with the government to make the…
12 Mar 2015
“In the last few days the country has been experiencing shortages of fuel, particularly petrol but we have enough stocks to meet demand,” Yaluma said.

Latest

16 mins ago
This year, Africa Day coincides with the annual meeting of the World Economic Forum in Davos Switzerland. African leaders, together with world leaders, are gathering to discuss critical issues of importance to Africa, and the world. One of the critical issues that Africa must address is how the continent tackles climate change and the role…
28 mins ago
Mohammad Abacha, son of the late former head of state General Sani Abacha, emerged winner of the gubernatorial primary of the Peoples Democratic Party (PDP) in Kano. Abacha won the PDP gubernatorial candidacy with 736 votes to defeat his only rival Ja'afar Sani, who polled 710 votes. The two contestants were the only aspirants that…
4 hours ago
The race by the major opposition Peoples Democratic Party (PDP) to win 25 states, up from the 13 it currently controls, began yesterday across the country with its shadow governorship elections...
4 hours ago
Former governor of Anambra State and erstwhile presidential aspirant on the platform of the Peoples Democratic Party (PDP), Peter Obi, yesterday, resigned his membership of the party two days before its presidential primary.
4 hours ago
Ahead of the 75th World Health Assembly (WHA) scheduled for May 22-28, 2022, concerned groups led by Equity International Initiative (EII) have warned Nigeria and other sovereign nations not to sign up to proposed amendment...