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CATEGORY

Energy

Seplat Caught in the Middle of Shaky IOC Exits

The past two weeks have been a rollercoaster for Seplat that has begun to weigh on the company's share price, which has dropped 4%...

Osinbajo Inaugurates Nigeria Electricity Liability Management Company’s Board

The inauguration of a board for the Nigeria Electricity Liability Management Company (NELMCO) will enhance ongoing efforts to resolve liabilities relating to tariff shortfalls for...

Russian Gas Transit to EU via Nord Stream to be Halted – Gazprom

Russian energy giant Gazprom announced on Friday that transit of natural gas to the European Union via the Nord Stream 1 pipeline will be...

Atiku: I’ll Lead Nigeria Out of Darkness, Allow States Generate, Distribute Power

Presidential candidate of People’s Democratic Party PDP in next year’s election, Atiku Abubakar, Thursday gave insights into how he would put an end to recurring blackout...

Oil theft: Fleeing Supertanker Seized in Equatorial Guinea

The Equatorial Guinea Navy has arrested an oil supertanker, MV HEROIC IDUN, that evaded arrest in Nigeria after it was seen around the AKPO Oil...

Darkness Hits Kaduna, Kebbi, Others As NUEE Commences Strike

By Abdulwaheed Olayinka Adubi, Kaduna The residents of Kaduna, Kebbi, Zamfara and Sokoto states stand being thrown into darkness over labour disputes between the National...

Darkness Looms As Electricity Workers Set to Embark On Strike

The nation’s electricity supply crisis could worsen from tomorrow as the organised labour has directed workers in the power sector to down tools and...

Saudi Aramco’s Q2 Profits Soar On High Oil Prices

Saudi Aramco, one of the world’s biggest oil producers, is yet another oil giant to see its profits soar this year due to high...

Oil Prices Drop on Weaker China Economic Data

Oil prices fell to their lowest level in months on Monday, after signs emerged that China’s economy is faltering. The price of West Texas Intermediate...

IEA Cuts Nigeria’s Sustainable Oil Output Capacity

The International Energy Agency (IEA) has cut Nigeria’s sustainable oil output by about 200,000 barrels per day (bpd), the agency said in its July...

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