The Minister of State Energy (Petroleum) Odein Ajumogobia, has said the volatile oil price in the international market has reinforced Federal Government's determination to redirect its focus in seeking alternative sources of revenue to finance capital projects in the country.

Group Managing Director of Nigerian National Petroleum Corporation, NNPC, Engr. Abubakar Yar'Adua, yesterday dashed any hope of meeting the December 31 gas flare-out date, or anytime soon.

The Nigeria National Petroleum Corporation (NNPC) has no technological capacity to successfully explore oil in parts of northern Nigeria, even as it has revisited the search for oil in the Lake Chad, Senator Kaka Malam Yale, representing Borno Central Senatorial

A NORWEGIAN company, Tronder Power, has donated sh200m to provide safe water to the communities affected by the construction of a hydro-power dam in Bugoye sub-county, Kasese district.

The government has reduced import duty on petroleum products by over 50 percent to enable fuel importers in Rwanda keep the pump prices down amidst the current increase of fuel prices in Kenya.

THE refurbishment of units five and six at Hwange Power Station is expected to commence early next year after Zimasco Holdings injected US$15 million to finance the exercise, an official said.

The Central Bank of Nigeria (CBN) on Thursday expressed concern over the impact of the slide in oil price on external reserves, which it put at $58.11 billion as at December 10.

Tete, in western Mozambique, will soon become the second province in the country to have all its districts linked to the national electricity grid.

The ambassador of Chile to Angola, Cláudio Herrera, Thursday in Luanda, expressed his country's intention to increase the volume of oil imported from Angola.

As part of efforts to find a solution to Nigeria's nagging energy inadequacy the federal government last week constituted a high-powered technical committee to draw up a blue-print for developing nuclear energy.

THE Federal Government disclosed yesterday that the Oil and Gas Free Zone Authority (OGFZA) has recorded up to $5 billion (about N585 billion) in private Foreign Direct Investment, just as it has provided over 5,000 jobs (skilled and semi skilled).

The National Assembly (parliament) this Friday here recommended the government to follow up the evolution of the oil market, in order to assess the need of carrying out likely revisions of the State Budget of 2009, in order to adjust

Ghana will soon benefit from a 900 million U.S dollar thermal power generation plant which would provide up to 660 megawatt (mw) of electricity to industries and homes.

The much-awaited West African gas pipeline (WAGP) project has began pouring natural gas from Nigeria for supply to their designated regions. A statement issued by the Director, Corporate Services of the Volta River Authority (VRA), Mr. Kofi Asante indicated that