A master of the Panamanian Flag Vessel, M/T Akuda, Captain Albo Simeon, has given a detailed account of how his oil vessel was hijacked by suspected Niger Delta militants last month while waiting for orders to proceed for loading at

As if overwhelmed by the enormity of the electricity crisis currently plaguing the nation, the President Umaru Musa Yar'Adua Administration may have quietly given up on tackling the menace despite promises. Davidson Iriekpen writes

TWO new companies have been contracted to speed up the construction of the Nyagak hydro-electric power dam in Nebbi district.

CIVIL engineering and construction group Stefanutti Stocks said yesterday that a consortium of JSE-listed companies it was leading had won a civil works contract for Eskom's Kusile power station in Mpumalanga.

THE Chairman House Committee on Petroleum Resources (Downstream) Mr. Clever Ikisikpo has called for the removal of the petroleum products subsidy which last year gulped N350 billion from government's coffers to fuel importers.

Despite plunging the whole nation in darkness with the infamous 'load shedding' for much of this year, the Botswana Power Corporation (BPC) has recorded a net profit of P111.1 million for the year ended March 31 2008, a 9.7 percent

The Niger Delta Technical Committee which was set up last October has submitted its 3-volume report to the Federal Government. The 25-member committee headed by Mr. Ledum Mitee, a minority rights activist, was set up to consider how to solve

MEMBERS of Parliament from Bulisa district, the Bagungu community and Tullow Oil Uganda Limited have organised celebrations to mark the discovery of oil in the district.

STATE oil company PetroSA appears intent on building a state-of-the-art crude refinery at Coega in Eastern Cape, come what may.

OIL price rose by 7 per cent yesterday morning as a rebound in global equity markets and signs of deepening cuts from top world supplier Saudi Arabia helped the market break a six-session losing streak, to close near $44 per