The interests of international oil companies operating in Nigeria would be taken into consideration in the on-going reform of the nation's oil sector, President Umaru Musa Yar'adua said yesterday.

A tanker loaded with petrol, was yesterday burnt down at Obat filling station, in Wuse Zone 4 , Abuja. The tanker burst into flames around 5 o'clock in the evening, and it took the combined efforts of fire fighters, security

Pandemonium broke out yesterday in the ever busy FEBSON Mall, located at the Herbert Macaulay Way, Wuse Zone 4, Abuja, when a fuel tanker went ablaze in the process of offloading.

Tunisia has decided to significantly increase its electricity production by building three new power plants.

Lagos State Government has dragged the Power Holding Company of Nigeria (PHCN) to the Nigerian Electricity Regulatory Commission (NERC) Tribunal headed by Dr. Ransome Owan, over a breach of Barge Power Purchase Agreement (BPPA), now estimated at N12billion.

Capital Oil and Gas, a major stakeholder in the oil and gas industry in Nigeria, yesterday entered into a partnership agreement with the Government of Anambra State, with the promise to champion the Gateway Architecture and Street-lightening of the Niger

President Umaru Musa Yar'Adua has assured multinational oil companies operating in Nigeria that their interests will be taken into consideration in the ongoing reform in the oil sector.

The third quarter of 2008 continued an active new business programme for Addax Petroleum with the addition of two new exploration license areas to the corporation's property portfolio and the increase of the corporation's working interest in a deepwater exploration

The interest of international oil companies operating in Nigeria would be factored into the on-going reform of the oil sector in order to ensure that no sector loses at the end of the exercise.

In a desperate effort to shore up Nigeria's oil reserve, the Federal Government yesterday urged players in the upstream arm of the oil and gas sector to make use of all available geo-technologies to step up exploration activities in other

For failing to review up ward the 13% derivation paid to oil producing states in the last ten years, the Federal government has been dragged before the Federal High Court in Benin to answer questions on possible constitutional breaches.

In an effort to provide ample opportunities for local contractors in Front End Engineering Design (FEED), detailed engineering designs, project management and procurement, fabrication and integration of all fixed offshore and onshore projects, Shell Petroleum Development Company (SPDC) has set

The lack of a robust and proper regulatory framework has been fingered as one of the main issues hindering the progress and growth of the Nigerian gas sector and which may also make the federal government's desire of making gas

Capital Oil and Gas Industries, a company with varied interests in the country's downstream sector says it has invested over N100 billion in the development of its petroleum products depot, jetty and 1097 capacity trucks holding bay all sited in

Men of the Joint Military Task Force code-named Operation Restore Hope yesterday thwarted an attempt by armed militias to overrun its formation in the Bayelsa State capital, killing two in a gun battle that ensued.

Oil and gas- related risk exposure in the country stands at $101.14 billion ( N11 trillion) the Group Managing Director of NNPC, Emir Abubakar Yar' Adua, has said.

The House of Representatives ad hoc committee investigating activities of Nigeria National Petroleum Corporation (NNPC), its subsidiaries and the Department of Petroleum Resources (DPR), will this week, lay on the floor of the House, the report of its findings.

The people of Ikarama community in Yenagoa Local Government Area of Bayelsa have lamented the damage to their environment by a spill from an oil pipeline operated by Shell Petroleum Development Company which occurred last Tuesday.

Oganisation of Petroleum Exporting Countries (OPEC) said it will announce further oil output cut at the end of this month if global oil prices continue falling down, Algerian news agency APS reported.

In a bid to industrialise the state, Kaduna State government is collaborating with investors to set up Independent Power Projects (IPP) across the state.