All the financial arrangements for building a new dam on the Zambezi at Mpanda Nkuwa, 60 kilometres downstream from the existing dam at Cahora Bassa, should be completed in 2009, according to Mozambican Energy Minister Salvador Namburete.

GROUP General Manager, Public Affairs, Nigerian National Petroleum Corporation (NNPC), Dr. Levi Ajuonuma, has dashed the hopes of many Nigerians on the possible reduction in the prices of petroleum products, as he said weekend that the Federal Government would use

The business strategic alliance between Big Treat Plc and Oando Marketing, the downstream petroleum company in Nigeria, has produced two new outlets for the leading one-stop shop.

Tullow Oil has made what it has called potentially the largest find in an eight-well drilling campaign in the Butiaba area of the Lake Albert rift basin.

Following the closure of Waziri Jetty in Apapa, Lagos last Monday by the Inter-Agency Maritime Security Task Force, some independent petroleum marketers have warned of its implication, saying it could lead to another round of fuel scarcity.

The Nigerian National Petroleum Corporation (NNPC) yesterday said the rift between tanker drivers and Lagos State government over alleged harassment by agents of the state government has been resolved and the strike embarked upon by the tanker drivers has been

The Petroleum Tanker Drivers (PTD), an affiliate of National Union of Petroleum and Natural Gas Workers (NUPENG), yesterday called off the protest embarked upon by its members to boycott supply of petroleum products to marketers in Lagos State.

Lagosians heaved a sigh of relief on Friday as petroleum tanker drivers called off their two-day strike.

An Angolan delegation, led by the minister of Oil, José Maria Botelho de Vasconcelos, participates since Friday in London (England), at a meeting on energy, opened by the British Premier, Gordon Brown.

Christmas is here again. And hundreds of thousands of Lagos residents and Nigerians based abroad are gearing up to visit their homes for the celebrations.

MOST Kampala residents have shifted from using electricity to charcoal, previously regarded as a cheap source of energy for the poor. But the charcoal prices have doubled within less than a year . Further increases are predicted if nothing is

Nigeria will "definitely" be cancelling some January loading cargoes following the latest OPEC-mandated production cuts, a source at the Nigerian National Petroleum Corporation, (NNPC), who spoke with newsmen on condition of anonymity, said last Friday."Definitely some January cargoes will go

LOWER petrol prices have provided motorists with unexpected Christmas bonuses, enticing them towards holiday destinations. As streams of cars headed out of Gauteng, a traffic cop remarked that he hadn't seen such volume for several years.

THE thing we learn from history is that we do not learn from history.

Everyone living in Nigeria knows that the chief reality in the country today is the reality of oil loot in the face of intimidating national mass poverty. But the most prominent and enduring reality is the reality of grinding and

THIS will go down as one of the busiest years yet for national oil and gas group PetroSA as the government put it at the forefront of efforts to ensure security of supply. With the country still reeling from electricity

In another nine days, the deadline for oil companies to stop gas flaring in Nigeria will dawn on the country. However, just like in previous years when the deadline was shifted, will it be another ritual of postponing freedom day

The Department of Petroleum Resources (DPR) said it is publishing names of defaulting companies in both upstream and downstream petroleum sectors from next year.

Petroleum marketers across the country are enjoying a profit of between N14 to N15 from each litre of petrol sold to Nigerians, Daily Trust can reveal.

There will be no reduction in the pump price of fuel as a result of the fall in oil price at the international market, the Nigerian National Petroleum Corporation (NNPC) has repeated.