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NNPC Subsidiaries Are Now Profit-Oriented, Efficiency-Driven, Says Yakubu
NNPC Subsidiaries Are Now Profit-Oriented, Efficiency-Driven, Says Yakubu
[Read More]
'MISSING' U.S. $5 BILLION FROM EXCESS CRUDE ACCOUNT (ECA)
'MISSING' U.S. $5 BILLION FROM EXCESS CRUDE ACCOUNT (ECA)
[Read More]
Government Partners with Firms on Power Projects
Government Partners with Firms on Power Projects
[Read More]
Ethiopia & China Sign $1 Billion Contract for Power Transmission
Ethiopia & China Sign $1 Billion Contract for Power Transmission
[Read More]
NERC Plans to Increase Supply to 9,000mw, Partners NHRC
NERC Plans to Increase Supply to 9,000mw, Partners NHRC
[Read More]
Ethnic Groups Accuse Petroleum Minister & SPDC Of Fraudulent Oil Deal
Ethnic Groups Accuse Petroleum Minister & SPDC Of Fraudulent Oil Deal
[Read More]
Eko Electricity Distribution Company Announces Planned Power Outage.
Eko Electricity Distribution Company Announces Planned Power Outage.
[Read More]
Senate Decries the Federal Government's Misuse of N783billion Natural Resources Fund;Decides to Examine the Development of Solid Minerals in Nigeria.
Senate Decries the Federal Government's Misuse of N783billion Natural Resources Fund;Decides to Examine the Development of Solid Minerals in Nigeria.
[Read More]
Senate Decries the Federal Government's Misuse of N783billion Natural Resources Fund;Decides to Examine the Development of Solid Minerals in Nigeria. By Ijeoma Chukwuemelie.
Senate Decries the Federal Government's Misuse of N783billion Natural Resources Fund;Decides to Examine the Development of Solid Minerals in Nigeria. By Ijeoma Chukwuemelie.
[Read More]
Nigeria Restructures Ministry of Power in 2013
Nigeria Restructures Ministry of Power in 2013
[Read More]
PPPRA Budget Defence: Petroleum Committee Hardly Clears Agency.
PPPRA Budget Defence: Petroleum Committee Hardly Clears Agency.
[Read More]
NIGERIA - Sokoto Commissions Renewable Energy Model Village
NIGERIA - Sokoto Commissions Renewable Energy Model Village
[Read More]
IOCs, Local Oil, Gas Operators, OPS Diverge on PIB
IOCs, Local Oil, Gas Operators, OPS Diverge on PIB
[Read More]
BPE Delays Power Privatisation
BPE Delays Power Privatisation
[Read More]
National Assembly Faults NNPC over Budget Defence
National Assembly Faults NNPC over Budget Defence
[Read More]
Remote and condition monitoring of oil and gas sites:
Remote and condition monitoring of oil and gas sites:
[Read More]
Nigeria Sets Up Task force on Petroleum Revenue
Nigeria Sets Up Task force on Petroleum Revenue
[Read More]
Kaztec Engineering Ltd. Set for Major Oil and Gas Industry Events
Kaztec Engineering Ltd. Set for Major Oil and Gas Industry Events
[Read More]
NUPENG & SHELL RESOLVE ENERGY CRISIS
NUPENG & SHELL RESOLVE ENERGY CRISIS
[Read More]
Chevron Corp.- Blowout and Oil Rig on Fire
Chevron Corp.- Blowout and Oil Rig on Fire
[Read More]
Privatisation: FG Shuts down PHCN, Suspends Funds
Privatisation: FG Shuts down PHCN, Suspends Funds
[Read More]
EU Embarks on Fact-finding Operation In Niger Delta
EU Embarks on Fact-finding Operation In Niger Delta
[Read More]
NNPC has updated audited accounts- Dr. Ajuonuma
NNPC has updated audited accounts- Dr. Ajuonuma
[Read More]
FG Asked to Discard Planned Increase in Fuel Price, Electricity Tariff
FG Asked to Discard Planned Increase in Fuel Price, Electricity Tariff
[Read More]
Nigeria loses N180bn to imported substandard bulbs annually – SON
Nigeria loses N180bn to imported substandard bulbs annually – SON
[Read More]
Federal Govt. Approves New Wage Bill for PHCN Workforce
Federal Govt. Approves New Wage Bill for PHCN Workforce
[Read More]
Federal Govt. Assures Supply of Gas to Power Plants
Federal Govt. Assures Supply of Gas to Power Plants
[Read More]
Ghana Increases Electricity & Water Prices
Ghana Increases Electricity & Water Prices
[Read More]
International Companies Eye Libyan Oil
International Companies Eye Libyan Oil
[Read More]
SHELL DECLARES “FORCE MAJEURE” ON OIL EXPORTS
SHELL DECLARES “FORCE MAJEURE” ON OIL EXPORTS
[Read More]
Gas Flaring: U.S Pledges Support to Nigeria
Gas Flaring: U.S Pledges Support to Nigeria
[Read More]
Nigeria to lose $3b annually to PIB passage, NEITI warns
Nigeria to lose $3b annually to PIB passage, NEITI warns
[Read More]
BAYER THREATENS TO LEAVE GERMANY OVER HIGH ENERGY COSTS
BAYER THREATENS TO LEAVE GERMANY OVER HIGH ENERGY COSTS
[Read More]
Turkey Hosts Second Annual Iraq 2011: Future Energy Conference
Turkey Hosts Second Annual Iraq 2011: Future Energy Conference
[Read More]
National Assembly start new deliberations on Petroleum Bill
National Assembly start new deliberations on Petroleum Bill
[Read More]
 
Significant Oil Production by local companies in Nigeria

2013-08-28 04:34:16
Oil Reforms: NNPC Opens Talks with Foreign Banks

2010-03-16 15:09:39
China, OPEC & the IEA energy predictions

2010-03-12 12:14:36
Chevron Plans To Sell Refinery

2010-03-10 01:49:23
New Nuclear Power Gets America's Attention

2010-03-03 13:11:55
The transition to Electric Vehicles

2010-02-25 15:07:24
A new phenomenon: Generating Electricity from air!

2010-02-15 02:43:37
NIGERIA:STILL COMBATING FUEL SCARCITY

2010-02-03 12:37:52
COAL POWER OR RENEWABLE ENERGY: An emerging Crisis

2010-01-29 12:42:29
MASDAR : Driving Future Energy Postulations

2010-01-25 01:44:21
Two encounters attempting to decipher alternatives to traditional energy efforts at the World Future Energy Summit.

2010-01-19 11:29:56
The World’s first solar powered aircraft at World Future Energy Summit

2010-01-14 15:30:19
More than 70 companies from Germany have confirmed their participation in the World Future Energy Summit, clearly demonstrating the nation’s strength in renewable energy.

2010-01-12 14:01:07
Copenhagen Summit : Gains Or Losses

2010-01-04 00:21:55
Cabot Oil & Gas Corp. in lawsuit over gas and water contamination

2010-01-02 08:39:56
Oil production to hold steady at the 155th OPEC annual conference

2009-12-22 11:05:21
MEND on the attack again?

2009-12-21 12:18:46
Nigeria: NNPC Stands to Combat Fuel Crisis

2009-12-18 02:58:18
INDIA -" We are interested in sourcing LNG terminals in Africa."

2009-12-09 14:31:05
Nigerian Vessel with stolen Oil seized by the Ghanaian armed forces :

2009-11-29 22:57:32
Federal Government’s decision to end gas flaring, Shell Petroleum Development Company

2009-11-20 13:38:01
Oil& Gas firms operating on the Nigerian

2009-11-15 11:35:51
ESSAR ENERGY TO BUY SHELL REFINERIES

2009-10-31 14:19:09
Nigerian crisis and the Jump in US oil crisis

2009-10-18 10:19:14
How soon will algea become fuel

2009-10-09 14:33:20
NIGER DELTA MILITANTS ACCEPT AMNESTY

2009-10-05 23:37:03
N46bn Debt: PPPRA Awaits Approval To Pay Marketers

2009-09-29 23:40:02
Yar’adua’s amnesty, UN Position and Peace in Niger Delta

2009-09-25 09:41:39
CORRUPTION AS A SNAG TO ELECTRICITY SUPPLY IN NIGERIA.

2009-09-21 06:48:42
Energy & sustainibility

2009-09-15 12:46:58
BP divests Ningbo LPG

2009-09-04 03:18:45
'Sustainability can solve all our energy problems'

2009-08-26 13:09:43
Without oil, does Nigeria have a future?

2009-08-05 08:38:15
The emergence of Nigeria’s largest indigenous drilling contractor

2009-08-03 15:38:13
An unprecedented push by the U.S. government to widen rewards for energy-conscious homeowners is underway.

2009-07-26 23:22:48
ELTEC BIOPOWER Accomplishes Market Entry in Belgium; Biogas Plant to Generate Power and Heat for Textile Industry

2013-08-28 07:56:38
Shell Pipeline Spill oil into UK North Sea

2011-08-19 08:48:38
Alternative Fuel Cars get Attention in the UK

2011-07-21 09:02:04
WORLD BANK: EASTERN EUROPE IS FALLING SHORT ON POWER INVESTMENT

2011-04-21 01:25:06
Italy Halts Nuclear Power Plans

2011-04-21 01:23:25
AMEC and SZPE Form New Joint Venture in China

2010-08-11 03:42:48
Aurelian Oil & Gas Company hires a new exploration manager

2009-12-04 13:25:28
ExxonMobil Resumes Drilling at Beryl in UK North sea

2009-09-14 14:09:29
Known for oil, Exxon Mobil focused on growing natural-gas production

2009-08-24 15:18:42
Energy giant PetroChina agrees to buy $41 billion worth of Australian liquefied natural gas

2009-08-24 15:17:55
Britain needs a global recovery to keep its growth

2009-08-19 10:13:46
California May Rival Western Europe in Development and Deployment of Renewable Energy in Next Decade, Says AltaTerra Research

2009-08-12 15:24:43
Oil fund's Cosco investment under fire after spill

2009-08-09 13:31:58
Oil fund's Cosco investment under fire after spill

2009-08-09 13:31:16
California May Rival Western Europe in Development and Deployment of Renewable Energy in Next Decade, Says AltaTerra Research

2009-07-24 15:07:28
Energy in Europe

2009-07-24 13:28:27
Europe considering mandatory energy efficiency targets

2009-07-24 13:27:16
StatoilHydro spotlights on Peon gas discovery

2009-07-24 13:26:09
LNG Park for ONS 2006
By: test souirce
2009-05-16 08:30:15
Nigeria: Solar Energy

2013-12-02 14:01:56
Gas Supply Stalls 5,000 Megawatts Power Generation

2012-02-10 07:46:29
Chevron Corp.- Blowout and Oil Rig on Fire

2012-01-22 02:00:42
PHCN Rips Consumers of N240bn Annually- ECAN

2011-10-31 00:55:55
Nigeria announces 2012 budget proposal

2011-09-20 12:04:56
Shell Reopens Utorogun Gas Plant

2011-08-29 15:10:58
PHCN Privatisation: BPE Unveils Industry Agreements

2011-08-29 07:51:33
FG Pledges 5000mw of Power by December 2011

2011-08-29 07:49:58
NNPC and Capital Oil Launch Kero-Direct Scheme in Abuja

2011-08-17 06:54:18
Oando Announces Acquisition, Financing Contract with Exile Resources

2011-08-08 14:41:25
Nigeria begins electronic tracking of petroleum products distribution

2011-07-19 15:23:01
IPMAN Demands Kerosene Allocation from NNPC

2011-06-20 01:53:41
Nestoil Gas Pipeline in Alaoji

2011-05-18 07:14:28
Japan’s calamity and lessons for Nigeria

2011-04-18 05:21:08
100m Nigerians without access to electricity - BPE

2011-04-15 01:27:19
Oil & Gas Sector Reforms: Nigeria, UK Government Boost Bilateral Capacity

2011-04-12 02:48:04
NNPC Assures of Constant Fuel Supply

2011-03-26 11:27:31
Nigerian arms suspect says deceived by Iranian

2011-03-14 03:04:41
NASARAWA PARTNERS FIRM ON POWER PROJECT

2011-02-28 07:40:01
President Jonathan Commissions Transmission Substation in Kaduna

2010-10-27 23:23:21
Petrol Scarcity Looms as NUPENG Begins Strike

2010-10-26 09:21:43
Financiers bid to handle Nigeria Power Privatisation

2010-09-01 09:05:58
Shell reopens Shut Flow Stations in Niger Delta

2010-08-30 05:45:25
Nigeria: Govt. Drags Chevron to UN Over Oil Spill

2010-08-18 05:44:39
Allied Energy to Double Electricity Generation Capacity

2010-07-27 12:28:23
Protesting a 2-yr PHCN black-out in Delta State

2010-07-10 02:31:01
New Refineries to Reduce Unemployment – NNPC Chief

2010-07-05 12:53:45
Nigeria Warns Exxon Mobil on Offshore oil Spills

2010-06-16 05:53:36
Reforming The Power Sector

2010-05-27 17:53:48
Nigeria: Tracking Oil Transactions in NNPC

2010-05-24 10:00:22
NNPC Fully Supports Deregulation

2010-04-24 07:24:19
MOHAMMED BARKINDO EXPLAINS 6,000 MEGAWATTS FAILURE

2010-03-30 08:16:13
DAMAGE BY NIGERIA's OIL BILL MAY BE Hard To FIX

2010-03-24 08:31:01
NIGERIA: fuesl AT last

2010-02-10 08:57:29
Nigeria To Sell Off Rights To Oil fields

2010-02-03 08:52:53
India To Invest in Nigeria's Oil Blocks

2010-01-23 14:04:26
Nigeria exceeds OPEC Target

2010-01-04 10:53:41
Niger Delta - Amnesty on Shaky Ground

2009-12-26 03:29:02
NNPC REPAIR NIGER DELTA PIPELINES

2009-12-05 12:47:19
Updates in Niger Delta

2009-11-01 03:33:09
MEND VOWS TO RESUME ATTACKS DESPITE AMNESTY

2009-10-09 14:28:06
MEND NAMES MEDIATION TEAM

2009-10-02 04:10:19
Nigeria Cease fire and Nigeria Government readiness

2009-09-15 12:38:47
Technology at increasing oil production in Nigeria underway.

2009-08-24 15:16:53
Multinationals Oil firms criticize government’s decision to legislate CSR

2009-08-17 10:49:54
ExxonMobil says it has invested $3.7b in research and development in the last 5 years

2009-08-12 15:23:17
Civil society group makes a statement the on low standards of living of communities in the Niger Delta

2009-08-06 14:47:47
Fate of Petroleum Bill hanging

2009-08-05 09:51:55
GHANA: REDUCTION IN ELECTRICITY MAY HURT ECONOMY

2013-11-18 06:39:05
Angola signs declaration on climate changes and soils managem

2012-04-20 14:28:30
Mobil, NNPC Gets $1.5bn Loan for Drilling Operations

2012-03-01 09:32:23
Ethiopia Completes Electric Cables to Sudan

2012-02-21 04:53:05
Uganda gets US$120m loan for Power Supply

2011-07-14 02:40:49
GLOBAL OIL BIG-HITTERS TO FOCUS ON GHANA AT ACCRA SUMMIT

2011-07-04 10:56:23
Hillary Clinton Warns Africa Of New “Colonialism”

2011-06-13 10:00:02
The Kenya-Uganda oil pipeline Project

2011-04-25 11:16:14
Uganda to Produce First Oil in July 2011

2011-04-25 11:14:38
Ethiopia Launches Hydro-electric Power Project

2011-04-21 23:54:41
Eni To Develop Deepwater Angolan Oil Fields with SBM Offshore's FPSO Xikomba

2011-04-19 12:39:02
Trina Solar says finance is the biggest challenge (Focus on renewables at African Utility Week)

2011-03-10 13:47:09
Eskom’s Coal Supply Struck by Heavy Rain in South Africa

2011-01-06 10:57:11
EAST AFRICA: $15m Credit granted for Clean Energy

2010-11-04 16:58:03
Togo Becomes self sufficient in electrical energy production

2010-10-16 01:37:11
Natural Resources in Ghana

2010-09-28 00:46:00
Crude oil from Equatorial Guinea To Ghana

2010-09-08 07:42:00
World Bank Lends Tanzania $150 mln for Power Transmission

2010-09-01 09:00:41
Ethiopian government, EIB Stop Cooperation on Gibe III Hydro Project

2010-08-13 13:42:23
Fire destroys 110 Megawatts Thermal Power Plant in Ghana

2010-07-19 10:33:36
Regional Leaders Endorse New Initiative To Improve Solar Energy

2010-07-08 02:39:41
'REDUCE POWER CONSUMPTION' - Dipuo Peters

2010-06-18 01:57:58
Solar is a System With Many Benefits- Zuma

2010-04-29 04:34:16
UNEP CALLS FOR CAUTION ON POWER PROJECT

2010-03-23 02:23:36
UGANDA: "IT's Time TO Take Energy Seriously"

2010-02-15 07:01:38
Zimbabwe Welcomes Power Project Investors

2010-02-11 07:35:40
Climate Change Increases The Risk Of Malaria

2010-01-02 14:52:33
Iran & Russian establish a joint venture as Russian gets invited to OPEC conference in Angola

2009-12-02 13:57:08
Angola considers Norwegian-style wealth fund

2009-11-28 11:26:10
Sonangol and Petrobras Hit Oil in Deepwater Angolan Well

2009-11-18 00:28:00
Kenya and France agree $168.8 million in energy funding

2009-10-23 10:57:51
Uganda - "We Welcome China..."

2009-10-04 02:41:47
Angola begins LNG production by 2012

2009-10-02 04:12:15
Corruption undermines Libya's oil-rich economy

2009-09-04 03:16:09
Ghana proffers measures to improve Nigeria’s power sector

2009-08-24 15:22:47
South Africa seen as renewable growth area

2009-08-19 10:19:49
Halliburton to keep up fluid services for Total in Angola

2009-08-19 10:18:36
ExxonMobil Starts Drilling Libya''s First Deepwater Well

2009-08-12 15:29:11
Chevron Announces Significant Discovery Offshore AngolaChevron Announces Significant Discovery Offshore Angola

2009-08-12 15:28:34
Ghanaian government approves phase one of Jubilee

2009-08-12 15:26:39
Africa going green: report

2009-08-09 13:32:37
The Ministry gives PA Resources the nod for Aseng oil field project

2009-08-03 15:40:42
Expro awarded subsea contract on Ghana's first deepwater field development

2009-08-03 15:39:54
Saipem wins new offshore contracts worth $ 650 million

2009-08-03 15:39:15
EnerGulf provides updates on Namibia Block 1711

2009-07-26 23:26:41
Rocksource to drill the “low-risk” Cheval in Senegal

2009-07-26 23:23:50
 

Nigerian crisis and the Jump in US oil crisis
In New York, Oil prices rose for a seventh straight session on Friday, fuelled by a jump in industrial production in the United States, the world's biggest energy consumer, and rising tensions in oil-rich Nigeria.

New York's main contract, light sweet crude for November delivery, rose 95 cents to end the week at 78.53 dollars a barrel - the highest level since October 2008.

The contract has gained more than nine dollars or almost 13 percent during its seven days of rise.

London's Brent North Sea crude for December delivery meanwhile climb 76 cents to close at 76.99 dollars.

"The key factor driving this market right now is economic expectations," said analyst Jason Schenker of Prestige Economics. "Today the industrial production data drove up prices."

US industrial production jumped in September for a third straight month, the Federal Reserve reported Thursday in a further sign of a reviving manufacturing sector.

Output at the nation's factories, mines and utilities rose 0.7 percent after an upwardly revised gain of 1.2 percent in August, the US central bank said in a report.

It marked the first period of sustained increase since 2007, when the United States plunged into recession.

Most economists had forecast a 0.2 percent rise in September.

For the third quarter as a whole, output advanced at an annual rate of 5.2 percent, the first quarterly gain since the first quarter of 2008 and the largest gain since the first quarter of 2005, the Fed said.

Another factor for the bullish market Friday was the surprise drop in gasoline stocks in the United States, indicating rising demand fuelled by hopes of economic recovery, analysts said.

A government report on Thursday showed US gasoline stocks fell 5.2 million barrels last week. Analysts had expected a rise of 700,000 barrels. US crude reserves meanwhile rose 400,000 barrels last week, lower than most analysts' expectations for a gain of 600,000 barrels.

Warnings by Nigerian rebels of a resumption of an "oil war" also rattled the market.

A rebel group that has wreaked havoc in Nigeria's oil hub on Friday ended a 90-day ceasefire, warning the oil industry and military to brace for new and widened attacks.

The Movement for the Emancipation of the Niger Delta (MEND), which has waged a three-year campaign for a bigger share of the oil wealth for the impoverished local population, said it will take up arms again after it shunned a government amnesty offer.

MEND's violent attacks have severely cut daily production in the world's eighth largest oil exporter - by up to a third of pre-2006 levels.

Oil prices tumbled from historic highs of more than 147 dollars in July 2008 to about 32 dollars in December because of the global recession but have since risen on recovery hopes.
 
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