PETROLEUM Tanker Drivers have threatened to proceed on strike over the poor state of roads, fuelling fears of worsening the ongoing fuel scarcity across the nation. They alleged that some people were already pilfering the N621billion Road Infrastructure Tax Credit…
SOMALILAND has ‘huge’ investment potential in untapped oil and gas reserves, the foreign minister of Somalia’s breakaway region told Taiwan President Tsai Ing-wen on Wednesday, pitching investment opportunities on a high-profile visit. Somaliland broke away from Somalia in 1991 but…
GLOBAL energy giants were quick to halt their Mozambican gas projects when jihadist violence erupted on their doorsteps. After months of calm, reviving those multi-billion-dollar projects is a much slower job. TotalEnergies CEO Patrick Pouyanne visited Maputo on Monday, saying…
OIL prices continued to surge on Monday as Brent crude, global oil benchmark, hit $91.31 per barrel, ahead of an OPEC+ meeting on Wednesday. In a market survey on Monday morning, Brent crude rose $1.28, or 1.4%, to $91.31 a…
NO fewer than 33 oil companies lost their right to the Marginal oil fields on Thursday for failing to meet up with the 45 days deadline required to pay the signature bonus for the fields. The Nigerian Upstream Petroleum Regulatory…
BRENT oil on Wednesday surpassed $90 per barrel to strike the highest level for more than seven years, rattled by geopolitical tensions in Ukraine and supply concerns in the Middle East. European benchmark Brent North Sea crude rallied as high…
KENYA is accelerating reforms in the energy sector to lower the cost of power and invest more in renewable energy in a bid to spur economic development, a government official said on Friday. Monica Juma, the cabinet secretary of the…
NIGERIAN Trade Union Congress has listed conditions that the Federal Government should fulfill before removing subsidy from Premium Motor Spirit (PMS) otherwise known as petrol. The TUC urged the Federal Government to first fix existing refineries, establish new ones including…
AS mobilisation for the January 27 planned protest by the Nigerian Labour Congress (NLC) across the 36 States of the Federation against the planned subsidy removal on Premium Motor Spirit (petrol) gathers momentum, the Union has cautioned that many Nigerians…
THE federal government has said it will soon begin consultation with the relevant agencies on the proposed removal of subsidy on petrol. The minister of information and culture Alhaji Lai Mohammed dropped the hint yesterday in Abuja after the Federal…
