Energy

The federal government yesterday officially launched the Opening Extractives Programme (OEP), a global five-year scheme to unveil the real owners of assets in Nigeria’s oil, gas and mining sectors. To …

The Federal Government, through the recently established Nigerian Upstream Petroleum Regulatory Commission (NUPRC) yesterday, said it would become compulsory for oil and gas companies operating in the country to disclose …

Ugandan High Commissioner to Nigeria, Nelson Ocheger, said six Nigerian companies have indicated interest to invest in Ugandan oil and gas industry. Ocheger who didn’t identify the firms spoke in …

Rainoil Limited has completed the acquisition of majority shares in Eterna Plc, a publicly listed oil and gas company. The acquisition was completed following the successful purchase of majority shares …

Italian multinational oil and gas company Eni, announced Tuesday three new oil and gas discoveries in the concessions of Meleiha and southwest of Meleiha, in Egypt’s the Western Desert. Egypt’s …

European Union energy ministers clashed at an emergency meeting over how to cushion consumers and companies from soaring power and natural gas prices, with political and legal constraints leaving little …

(Reuters) – Oil prices rose on Monday, extending pre-weekend gains, with U.S. crude hitting a seven-year high as global supply remained tight amid strong demand worldwide as economies recover from …

The National Union of Pe­troleum and Gas Workers (NUPENG) has announced the suspension of the pro­posed strike by its affiliate members, Petroleum Tanker Drivers (PTD). The strike, which would have …

THE Federal Government has said that the implementation of the newly enacted Petroleum Industry Act (PIA) will boost the oil production capacity of Nigeria by about 317 per cent to …

ExxonMobil says it remains “committed” to Nigeria despite its decision to divest from the joint venture (shallow water) with the NNPC. The firm, which has done business in Nigeria for …