Stocks in the Petroleum (Marketing) sub-sector on Wednesday topped the losers' chart on the Nigerian Stock Exchange (NSE), as majority of the oil stocks recorded major share price depreciation, dropping by the maximum five percent allowed.
RISING from a meeting under the aegis of Movement for the Survival of Ogoni (MOSOP) Ogoni have said they would want to be part of any process that would cause any oil firm to resume oil exploration in their area.
The newly appointed chief executive officer of Power Holding Company of Nigeria (PHCN), Engr Bello Suleman has attributed the nation's poor hydro generation to the global climatic change.
AT A time when many cringe at the thought of filling up their cars, the last thing one needs is a dire warning from Russian gas and oil monopoly Gazprom, that the price of oil could rise to $250 a
Speaker of the House of Representatives, Dimeji Bankole, has warned members of the House Committee on oil sector probe, who might have any hidden agenda contrary to their terms of reference to simply resign the position.
The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mr Abubakar Lawal Yar'Adua, has said that government was considering building additional refineries in the country in order to derive full potential of the nation's hydrocarbon resources.
With a sound military background on intelligence, Major A. A. Mohammed (rtd), a former chief security officer to President Ibrahim Babangida, highlights the dangers in establishing foreign military commands in the Niger Delta area. As a professional, he would want
The shutdown of one of the two units at Koeberg Nuclear Power Station in South Africa has increased the vulnerability of the power system in Namibia, prompting NamPower to appeal to the public to conserve electricity.
THE kitchen has long been considered the heart of the home and with so many more hi-tech appliances becoming available; preparing food, cooking meals and cleaning up in the kitchen is easier than ever before.
Standard Chartered Bank in its strategic move to support Nigeria's Oil and Gas sector has struck a deal with 8 other Nigerian banks to provide $220m bank debt financing priced at Libor +275 bps for the National Nigerian Petroleum Corporation
The Ministry of Energy is yet to decide on the location for three power turbines in the country even after receiving N2.5 billion out of N5 billion earmarked for them in the 2008 budget, Minister of State for Energy (Power)
Uganda's new Atomic Energy law will boost technical cooperation between the country and the International Atomic Energy Agency, a senior agency official has said.
Worried by the lingering crisis in the Niger Delta region, the House of Representatives yesterday resolved to constitute a special ad-hoc committee to conduct public hearing on the crisis.
PRESIDENT Umaru Yar'Adua has ordered the immediate release of N59 billion being part of the N115 billion 2008 budget for the Ministry of Energy to enable it address the epileptic power supply in the country.
The House of Representatives ad-hoc committee investigating the award of oil blocks by the Department of Petroleum Resources (DPR) yesterday queried the discrepancies in the record of payments for oil blocks under the regime of President Olusegun Obasanjo.
In a bid to bolster power generation in the country, President Umaru Musa Yar'Adua has directed the Minister of Finance, Dr. Shamsuddeen Usman, to release, within the next week, N59 billion being the balance of appropriation to the power sector
Mystery now surrounds the whereabouts of the sum of $210million paid by two oil companies for oil blocks in the 2003 bid round carried out by the Department of Petroleum Resources (DPR) as officials of the department were yesterday unable
WITH one of its Koeberg units down, Eskom experienced technical problems at two of its other power stations this week, with one of these expected back on stream at the weekend.
