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Oil & Gas
New oil licensing round suffers delay due to PIB impasse
Oil bidding round in the Nigerian oil and gas industry, which was last held in 2007, is seen in many quarters as long overdue but there is a widespread notion that no fresh bid round can…
OPEC crude demand set for rebound before 2020
Demand for OPEC crude oil will recover before the end of the decade, as a flood of crude from the US’ shale oil boom will eventually stabilise and demand looks set for more growth over the…
OPC leader, Fasehun, joins search for kidnapped Ejigbo LCDA boss
The president of O’odua People’s Congress (OPC), Federick Fasehun, has ordered his members to launch a manhunt on Kehinde Bamigbetan, chairman, Ejigbo Local Council Development Area of…
N98.3bn lost in 20% crude oil allocation to NNPC
No less than N98.3 billion was lost by Nigeria between 2009 and 2011 in the 20 percent crude oil allocation to the national oil company, the Nigerian National Petroleum Corporation…
Oil thieves cripple refinery, new boss cries to Amaechi
The two Israeli-made security helicopters just acquired by the Rivers State government may be immediately deployed to rescue the Port Harcourt Refinery which has been under threat by…