UK OIL and gas company BG Group has reported a sharp rise in first-quarter profits as it unveiled a £6.1 billion takeover bid for Australian company Origin Energy.
CAIRN Energy will be allowed to cover much of the cost of a key Indian oil pipeline through oil revenues after the Indian government finally allowed the "delivery point
DANA Petroleum, Scotland's second-largest independent oil company, continued its rise yesterday as is revealed a major jump in profits and talked up its latest exploration
Conscious of the ongoing national agony due to absence of power supply, the Federal Government has taken another bold step towards attracting required investment for the rapid development of the sector with the approval of the implementation of a new
Federal Capital Territory (FCT) Administration has stated that it is working on its Independent Power Project to complement what is being provided from the National Grid by the Power Holding Company of Nigeria (PHCN).
KAKIRA Sugar Works is to supply 16 mega watts of its 23 mega watts to the national grid. The company explained in a statement that it would retain seven mega watts for its consumption.
NAMPOWER is arranging a US$16 million loan for recapitalisation of Hwange Colliery Company Limited through Namibian banks, in a bid to ensure enough coal supplies to Hwange Power Station.
Cape Town is set for a colder and darker than usual winter, as the City of Cape Town plans to intensify load-shedding, with up to three load-shedding periods a week from Monday.
President Umaru Musa Yar'Adua yesterday took a major step towards attracting investment for the development of Nigeria's power supply sector with the approval of the implementation of a new Multi-Year Tariff Order (MYTO) with effect from July 1, 2008.
The President General of Petroleum and Natural Gas Senior staff Association of Nigeria, Comrade Peter Esele has called on the National Assembly to ensure a speedy passage of the Petroleum and Inspectorate Commission bill.
The Senate yesterday urged President Umaru Musa Yar'adua to direct the Nigeria National Petroleum Corporation (NNPC), to resume exploration of crude oil on the Nigerian side of the Chad Basin and the Benue Trough.
Crude oil prices yesterday slipped more $US3 a barrel, the slip is described by analysts as the biggest recorded in one month, after BP restarted a North Sea oil pipeline and the dollar strengthened, reducing the appeal of commodities to
Production capacity and improve the technical manpower in the oil subsector,the federal government yesterday announced a renewal of the contract for the technical backup services for the three refineries in Kaduna, Warri and Porthacourt.
Electricity tariffs in the country are expected to rise steeply in the next three years following yesterday's approval by the Federal Executive Council of a new Multi-Year Tariff Order (MYTO) for electricity tariffs, to take effect from July 1, this
Federal Executive Council (FEC) yesterday approved a $20 million contract for the renewal, for another two years , of the technical back-up services for the Port Harcourt, Kaduna and Warri refineries , all aimed at beefing up the technical manpower
EPILEPTIC power supply to manufacturing industries by the Power Holding Companies of Nigeria (PHCN) across the nation now threatens an estimated US$8.6 billion foreign direct investment into the economy for the 2008 fiscal year.
Federal Government has lost over $541 million from oil revenue following the 100 percent total shut down of production line of Mobil Producing Nigeria (MPN), a subsidiary of ExxonMobil as the strike action embarked upon by its workers. Similarly, Akwa
Staff of the Port-Harcourt Refinery yesterday delayed the commencement of the Senior Secondary School Certificate examination in Okrika Local Government Area of Rivers State.
