Department of Petroleum Resources (DPR) yesterday told the Senate Committee on Gas that N15 billion were paid as penalty for gas flaring by oil companies in the last three years.

Mobil Producing Nigeria (MPN) yesterday commissioned the $3.5 billion East Area Projects at Bonny River Terminal in Rivers State.

LOCAL and international energy producers could generate more than 5000MW from renewable energy sources, the minerals and energy department says.

Chairman of the Senate Committee on Media and Information, Senator Ayogu Eze, has said President Umaru Musa Yar'Adua will present the 2009 budget to the joint session of the National Assembly tomorrow.

HEADS may roll in the Joint Task Force (JTF) on the Niger-Delta over the November 14 interception of a foreign vessel, MT AKUADA with 12,000 tonnes of crude oil, stolen by a syndicate of oil thieves that has some military

As the fierce legal battle for the soul of Chevron Oil Nigeria Plc lingers unabated last week, its share price decline also intensified, as it added yet another N12.66 to its string of losses, in what may be the result

Nigeria and Angola will be the highest earning oil-producing countries in a pack of 10 within the sub-saharan African region between 2006 and 2030, says the International Energy Agency (IEA).

The second Summit of the Heads of State and Government of member countries of the Gulf of Guinea Commission (GGC) begins this Tuesday at Talatona Conventions Centre, in the southern region of the Angolan capital, Luanda.