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Oil & Gas
EnterSupply concerns to dominate OPEC meeting as oil prices fall below $100 per…
OPEC’s best adherence to its production ceiling in 18 months is failing to buoy the outlook for crude oil prices, raising pressure on the group to pare supplies amid burgeoning U.S.…
Oil theft: JTF impounds vessel, 2 barges laden with 507,500 litres
The Joint Task Force (JTF) in the Niger Delta, Operation Pulo Shield, said on Sunday that it had impounded a vessel and arrested 21 suspects in its fight against oil theft in the region.…
Oil industry: Nigeria ranks poorly in quality of governance
Nigeria is ranked fortieth out of fifty-six countries in the 2013 Resource Governance Index (RGI) of the Revenue Watch Institute (RWI) which measures transparency and the quality of…
N/Assembly says PIB will stop discretionary allocation of oil acreage
The National Assembly has said that the Petroleum Industry Bill (PIB) when passed would be devoid of using oil acreage as political patronage by the government, assuring that the PIB would…
Tukur, others ask court to quash fuel subsidy fraud charges
Three oil marketers and their firms on Monday asked two separate Ikeja High Courts to quash the fuel subsidy fraud charges preferred against them.
Two of the oil marketers, Mahmud Tukur…