Shell Petroleum Development Company (SPDC), a subsidiary of Anglo-Dutch oil giant, Shell, and operator of the NNPC/SPDC joint venture, yesterday, announced the temporary shut down of the Soku Gas Plant in Rivers State and the consequent start off of 40

Multi billion naira Zamfara Independent Power project has taken off, with official signing of the agreement between the state government and China Geo-Engineering Ltd (CGC).

Operatives of the Joint Task Force (JTF), Operation Restore Hope, have arrested an 18-man gang suspected to be illegal oil bunkerers at Gbaratoru Natural Liquefied Gas Site in Yenagoa, Bayelsa State with two locally made "cotonou" boats conveying large quantities

The Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) has decried the plan by the Federal Government to increase taxes to fund the shortfalls from oil revenue in the 2009 budget.

A change of guard was effected in the Petroleum Technology Development Fund (PTDF) Wednesday with the official handover of the reins of affairs by the former Executive Secretary (ES) of the Fund, Alhaji Kabir Mohammed to his successor, Engineer Muttapha

Former President, Chief Olusegun Obasanjo, yesterday morning re-enacted before reporters his comic displays at the Presidential Wing of the Murtala Mohammed Airport, Lagos, where he took a bow, saluted and asked Nigerians to be ready to tighten their belts in

Kigali Institute of Education [KIE] is going to be jointly involved in research efforts with the University of Antwerpen in Belgium on bamboo plants as an alternative energy source.

SOMEONE at Sasol is obviously a good forecaster; or they have been fantastically lucky. When the oil company presented results earlier this year, it disclosed that it had lost about R1,1bn because it had hedged about 30% of its production

OIL prices have caught many airlines off guard. Prices exploded in the first half of the year, reaching $147 a barrel in July, before collapsing to about $51 a barrel .

The Coordinator of Ijaw Monitoring Group (IMG), Comrade Joseph Evah has condemned the nomination of Dr. Rilwanu Lukman as a minister by President Umaru Yar'Adua.

The Senate progressed in its screening of ministerial nominees yesterday with the presumed nominee to head the petroleum portfolio, Dr. Rilwanu Lukman, canvassing the removal of fuel subsidy as an inevitable option for the nation's development.

The company Procana, established to produce ethanol from sugar cane in the southern Mozambican district of Massingir, says it wants to use Mozambican labour, including Mozambican engineers, in constructing this factory.

As part of efforts to implement The Gambia Environmental Action Plan (GEAP), the government of The Gambia, through the National Environment Agency (NEA) and the department of state for Energy, has convened a forum centering on the reduction of sulphur

THE Congress of South African Trade Unions (Cosatu) has asked its affiliates to consider investing in power utility Eskom, which needs billions of rands for its capital expansion programme.

LUSAKA High Court Judge Hilda Chibomba has recused herself from the case in which Lumwana Mining Company has sued Zesco over its notice to terminate the power supply agreement (PSA) and disconnect the mine from the electricity grid.

Oil fortunes still did not brighten on Thursday. Shell announced the temporary closure of its Soku gas plant in Rivers State to repair pipelines damaged by vandals who steal condensate.

A federal High Court sitting in Lagos, yesterday refused the oral application by Chevron Oil and Gas Ltd, to discharge the interim order the court made, restraining seven banks from financing the purchase of the 60 per cent equity stake

Former Governor of Jigawa State, Alhaji Saminu Turaki denied yesterday, before a Federal High Court in Abuja the allegation by the Economic and Financial Crimes Commission (EFCC) that he used Jigawa State Government money totaling $118 million to finance oil

The country's power generation capacity has further dropped from about 3500 megawatts to 2400 megawatts following the recent vandalisation of the major gas supply pipeline to the Egbin power station.

When the UN Panel of Experts reported in 2006 that importers of petroleum products owed the Government of Liberia a total of US7.53 million in taxes, the management of the Liberia Petroleum Refining Company (LPRC) dismissed the panel's report as