BP gets 30 days to make $1bn Deepwater Horizon compensation payment
The New Orleans District Judge Carl J. Barbier has given a 30-day deadline to BP to pay $1 billion in…
JTF nabs suspected pipeline vandals in Delta, Bayelsa
The Joint Task Force in the Niger Delta, Operation Pulo Shield, said it had arrested five suspected sea pirates and…
UAE removes fuel Subsidy
While Nigerians are still debating as to whether fuel subsidy should be removed or not, the United Arab Emirates (UAE),…
Why Court stopped $16bn Ogidigben EPZ project
By Pita Ochai A Federal High Court in Warri, Delta State has ordered the maintenance of status quo antebellum in…
Oil dealer calls for ban on petrol importation
By Pita Ochai A Port Harcourt based oil dealer, Kingsley Irofuala has called on the Federal Government to ban the…
NUPENG urges FG to start loading products at NNPC depots
By Pita Ochai The National Union of Petroleum and Natural Gas Workers (NUPENG) has appealed to the Federal Government to…
Spain seeks greater role in Nigeria’s oil sector
By Olisemeka Obeche Spanish Government has declared its preparedness to be a key player in Nigeria’s oil and gas sector…
Oil Workers threaten strike over Agip industrial dispute
By Olisemeka Obeche Oil workers under the aegis of Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) and…
Buhari promises holistic reforms in oil & gas sector
By Olisemeka Obeche President Muhammadu Buhari has assured investors that his administration will implement far-reaching reforms that would boost accountability…
Oil prices tumble as Iran, global powers reach nuclear deal
By Olisemeka Obeche Oil prices tumbled more than $1 on Tuesday after Iran and six global powers reached a landmark…