20 Jan 2021
Compared to $595 billion in 2019, crude oil export revenues of members of the Organisation of the Petroleum Exporting Countries (OPEC) for 2020 could decline to $323 billion, the U.S. Energy Information Administration (EIA), said in a new report, noting that this would be the lowest revenue level in 18 years.
23 Sep 2020
The slow pace of global oil demand recovery has stalled in recent weeks of weak refining margins, lack of recovery in jet fuel demand, and uncertainties over global economic growth
11 Oct 2019
Residents of Iko community in Eastern Obolo Local Council of Akwa Ibom State yesterday protested against alleged ill- treatment by an Indian firm, Sterling Energy Exploration and Production Company.
25 Sep 2019
Renewable energy will displace petroleum as the most-used global energy source in the late 2040s, but oil demand is not expected to peak before 2050, the United States Energy Information Administration, yesterday...
8 Aug 2019
To internalise the backward integration policy and reduce importation of raw materials while developing the local economy, De-United Foods Industry Limited (DUFIL) has presented the Environmental Impact Assessment...
24 Jul 2019
The Federal Government through the Department of Petroleum Resources (DPR) has granted approval for the full Field Development Plan (FDP) and Environmental Impact Assessment (EIA) of Otakikpo marginal field.
10 Jun 2019
Civil society groups and experts have examined the Buhari administration’s four years’ of environmental stewardship, saying that much needs to be done in the protection of the natural resources through conservation and sustainable practices. They believe that the Federal Government scored major point in the United Nations Environment Programme report and clean up of the…
9 May 2019
Fifty coal-fired power plants have shut in the United States since President Donald Trump came to office two years ago, an environmental organization said Thursday. The Sierra Club counted 50 closures, along with 51 announcements of closure, since Trump was sworn into office in January 2017. The numbers are distinct because it sometimes takes years…
8 Mar 2019
Telecommunications companies plying their trade in Nigeria, have cried out once again over what they described as, increasing tax burdens on their shrinking business.
28 Jan 2019
In apparent bid to overcome obstacles limiting Federal Government’s ease of doing business in the real estate sector, global experts and bigwigs met in Lagos at the weekend to review its implementation in the industry. They agreed that the World Bank’s Ease of Doing Business index has impacted positively on the market, but a lot…
22 Oct 2018
The Building Collapse Prevention Guild (BCPG) Oyo State Chapter, has warned against the continue use of the partly demolished building in the state which houses a radio station belonging to ace broadcaster and musician, Yinka Ayefele . The group called for a comprehensive Environmental Impact Audit (EIA) on the building together with required Health, Safety…