Latest Energy News

Drilling And Marine

Bayelsa drags Akwa Ibom, Rivers to court over Soku oil well

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Bayelsa State government has dragged Rivers State to the Supreme Court seeking to stop the Federal Government from further paying monthly statutory allocation from...

Youths shut Shell flow station in Bayelsa

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Youths from Agbidiama Community which hosts Opukushi, Tunu and Clough Creek flow stations operated by Shell Petroleum Development Company in Ekeremor Local Government Area...

NNPC extends fuel-crude oil swap contract to six months

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Nigerian National Petroleum Corporation, NNPC on Wednesday, extended its contracts with private companies to swap crude oil for fuels for six months. The initial one-year...

IPMAN backs FG on introduction of compressed gas

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The decision Of the Federal Government to introduce the Compressed Natural Gas, CNG, as an alternative to petrol is receiving the support of key...

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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