Latest Energy News

Drilling And Marine

Bill for establishment of national oil and gas institute Bayelsa passes 2nd reading

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A Bill for an Act to establish the National Oil and Gas Museum-Institute in Bayelsa State sponsored by House of Reps member representing Ogbia...

Reps to investigate $1.05 billion deduction from NLNG account by NNPC

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The House of Representatives has resolved to investigate the alleged illegal withdrawal of funds from the Nigerian Liquefied Natural Gas Limited amounting to $1.05bn...

Oil producing communities in Rivers ask FG to pay 13% derivation directly to communities

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Concerned Leaders of Rivers State Oil and Gas Producing Communities on Sunday called on President Muhammadu Buhari to forthwith ensure the direct payment of...

NNPC reshuffles top management positions after COO’s resignation

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The Nigerian National Petroleum Corporation (NNPC) on Sunday announced new appointments and redeployments as part of efforts to strengthen and reposition corporation for greater...

OIL AND GAS

Switzerland considering legal actions over seized oil vessel in Bonny Island

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Swiss authorities are considering legal proceedings against the Nigerian Government for detaining a Swiss-flag-carrying oil tanker for over a year. The move comes after...

We’ve reduced oil production cost to $23 per barrel – FG

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The Federal Government on Thursday announced that the cost price of producing crude oil in the country has been reduced from $32 per barrel...

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