Tuesday, November 24th, 2009
International Oil Companies (IOCs) operating in Nigeria are scrambling to renew their oil licences ahead of the passage of the Petroleum Industry Bill, (PIB) that could boost tax and royalty ...
Wednesday, July 15th, 2009
Afren Plc, First City Monument Bank Plc (FCMB) and Guaranty Trust Bank Plc (GTBank) have established First Hydrocarbon Nigeria Company Limited (FHN), which is an... oil and gas company, as ...
Thursday, June 11th, 2009
The US Energy Department said that the stockpiles of oil fell 4.38 million barrels to 361.6 million in the week ended 5 June 2009. Analysts surveyed said that supplies would ...
Wednesday, March 25th, 2009
The price of OPEC basket of twelve crudes stood at 50.44 dollars a barrel on Tuesday, compared with $50.18 the previous day, according to OPEC Secretariat calculations
-GNPC announces discovery of ...
Tuesday, February 3rd, 2009
RWE Dea AG, Hamburg, has successfully finalized its extensive drilling campaign in 2008 within the West Nile Delta; the exploration well Ruby-3 (Ji 50-2) discovered gas.
The Ruby-3 (Ji 50-2) exploration ...
Monday, December 15th, 2008
Light, sweet crude for January delivery was up $3.24 to $49.52 a barrel in electronic trading on the New York Mercantile Exchange by mid-afternoon in Europe. The contract briefly reached ...
Wednesday, March 26th, 2008
ASKER, Norway--(BUSINESS WIRE)--TGS-NOPEC Geophysical Company ASA (TGS) announced today that it has begun acquisition of Phase II of the Mekong Delta Aeromagnetic and Aerogravity Project.
Phase I, acquired, processed and ...
Monday, February 25th, 2008
Eni informs that Feyi Dienye, a manager of Naoc (Eni's subsidiary in Nigeria), has been freed yesterday evening. Mr Dienye, who was seized in Port Harcourt in the morning of ...
