The Nigerian petroleum sector is bedeviled with many challenges that hamper its growth, the Group Chief Executive of Oando Plc, Mr Wale Tinubu, has said. He said all the sub-sectors in the
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According to the company, the relief well is being drilled to extinguish a fire that began January 16 at the original well, approximately six miles (10 km) off the coast of Nigeria. The
Read more ...It is another setback for reforms in the sector which investors hope will unlock the potential of Africa’s second largest economy. Despite holding the world’s seventh biggest gas reserves,
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Nigeria will “soon” ask for compensation for an oil spill from Royal Dutch Shell Plc (RDSA), Europe’s largest oil company, President Goodluck Jonathan said. A spill last month from
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A number of suppliers have announced changes to prices this week. Energy company Npower has announced that it will cut gas prices by 5% from 1 February. The move comes in the same week as
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While a growing nationwide strike and protests have already paralyzed daily life in Nigeria, the beating heart of its economy — crude oil — keeps pumping. Now a powerful union says it will
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The Nigerian government has blasted Royal Dutch Shell for its response to the Bonga oil spill, saying it fell short of international and national standards. The director-general of Nigerian
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Nigerian labor unions on Wednesday threatened a nationwide and indefinite strike to protest the government's decision to end a subsidy program that had kept gas costs down for more than two
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ABOARD THE BONGA FLOATING OIL VESSEL (AP) — The worst Nigeria offshore oil spill in more than a decade has been contained before reaching the West African nation's coast, officials with Royal
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Shell maintains that sabotage by rebels and spills from oil thieves drilling into pipelines or opening wells are mainly to blame for the pollution. Some areas of the country are so violent it's
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