Oando Exploration and Production Limited (OEPL), the upstream arm of Oando Plc, Nigeria's leading integrated energy solutions provider, has announced the acquisition of 75 per cent interest in Exiles Resources' 40 per cent working interest in the Akepo Field through

With its abundant hydrocarbon resources, Nigeria is ranked number one oil-rich nation in sub-saharan Africa.

As part of the efforts to boost the generation capacity of the Sapele Power Station, the management of the 1,020 megawatts capacity plant has embarked on the resuscitation of the long abandoned six units of the steam turbines.

Host Communities of Nigerian Oil and Gas (HOSTCON), have demanded N165 billion from the Federal Government, as compensation for gas flaring.

As the global credit crisis takes its toll on the world economy and further depresses oil prices, Nigeria's foreign currency reserves fell by $6 billion or 8.2 per cent in December last year to $52.7 billion.

Alhaji Ibrahim Dankawambo, the Accountant-General of the Federation (AGF), gave assurance that President Umaru Yar'Adua's Seven-Point Agenda are on course.

For more than two weeks now, residents in Yaba/Ebutte-Metta area of Lagos metropolis have been living in perpetual darkness. Business activities in the area are grounded while many residents now depend solely on their generating sets to supply power for

Another 200,000 barrels of oil were shut in at the weekend as militants attacked a pipeline at Okuntun village in Delta State.

Surely, no same person supports a criminal or evil doer - whether he is a son, daughter, wife, husband, business associate, a relation, or whatsoever. Unfortunately, the current twists and turns being witnessed in the on-going kidnap saga of Mr.

Federal Ministry of Finance said at the weekend, that it had authorised the release of N138.64 billion to the Petroleum Products Pricing Regulatory Agency (PPPRA), being outstanding subsidy for petroleum products from the months of June to October 2008.

The Federal Government has released a total N138.64 billion to the Petroleum Products Pricing and Regulatory Agency (PPPRA), being outstanding subsidy for petroleum products for the months of June to October last year.

Department of Petroleum Resources (DPR) in Plateau State has advised petroleum marketers in the state to renew their operational licenses before February 2009.

Deposed Sultan of Sokoto, Alhaji Ibrahim Dasuki, has said the creation of the Niger Delta ministry as a way of addressing the restiveness in the oil producing areas is unnecessary and capable of causing endless demands from other aggrieved sections

Chief Godswill Akpabio of Akwa Ibom State, has prayed God to make the state a point of contact from which springs the development of Niger Delta and Nigeria as a whole.

A contract worth N3.8billion for the extension of the National grid to over fifty communities in the oil rich riverine communities have been awarded by the Ondo State Oil Producing Areas Development Commission OSOPADEC.

BISHOP of the Church of Nigeria (Anglican Communion), Ughelli Diocese, Rt. Rev. Vincent Muoghere says he would lead a protest match against the Power Holding Company of Nigerian, PHCN owing to the epileptic supply of power to Ughelli and its

Kano State House of Assembly has said it would not work on the 2009 Appropriation Bill presented by Governor Ibrahim Shekarau, unless it was satisfied that the 2008 budget was effectively and judiciously implemented.

SUSPECTED hoodlums blew up with dynamites and other explosives an Agip pipeline, situated between Ogulagha and Odimodi communities in Burutu Local Government Area of Delta State at the weekend. The extent of damage could not be assessed at the time

Kano State Governor, Ibrahim Shekarau, has expressed delight with President Umaru Musa Yar'Adua, for approving the take-off of the gas pipeline projects from Abuja to Kano, in this year's budget.

JOINT Task Force (JTF) on the Niger-Delta and the Delta Waterways and Security Committee (DWSC) have intensified the manhunt for the bomb-throwing pipeline vandals who blew up an Agip pipeline at Okuntun community, between Ogulagha and Odimodi communities in Delta