THE Federal Government yesterday disclosed it was working on reviewing pump prices of petroleum products even as crude oil prices yesterday hovered around $50 per barrel in the international market owing to crisis in the Niger Delta, Israeli invasion of

Nigeria Labour Congress (NLC) has warned the Federal Government against any attempt to increase the price of fuel in the country as well as retrenchments of workers this year.

TULLOW has announced successful drilling results from the Hyedua_2 appraisal well offshore Ghana. The success of this well has substantially increased the proven areal extent of the Jubilee field and is likely to lead to material upgrades of current resource

GOVERNOR Timipreye Sylva of Bayelsa on Monday said the state was targeting the production of 15 million tonnes of rice and 2.5 million tonnes of fish over the next three years.

More than three years after controversial take over of the management of the $3.2 billion Aluminium Smelter Company of Nigeria (ALSCON), Ikot Abasi in Akwa Ibom State, UC Rusal has finally invited tenders for the dredging of Imo River.

The business community in Muhanga has said that the ongoing fuel shortages affected business transactions and transportation.

PETROLEUM giant, BP and Shell Marketing Services has complied with the High Court order compelling the company to release over 20 000 kilogrammes of liquid petroleum gas to a local company Vesbin Investments.

THE petrol shortage, which has destabilised the transport sector for about three months, has eased. However, the prices are still high.

The governor of Niger State, Dr Muazu Babangida Aliyu, has called on all political office holders especially governors to be more careful in the way they tackle state projects in the face of global fall in oil price.

Oando Exploration and Production Limited (OEPL), the upstream arm of Oando PLC, has bought over 75 percent equity of Exile Resources' 40 percent working interest in Akepo Field in a bid to enlarge its upstream oil assets in Nigeria.

The failure in the Luanda electricity supplying system that left the capital city with scarce power from the Kapanda hydroelectric dam since Juanuary 3 has been repaired.

TOMORROW sees yet another drop in fuel prices, and South African motorists have the falling crude oil price to thank.

VAALCO has provided an update on the new development well being drilled in the Ebouri field and the new appraisal well (North Ebouri) being drilled in the Etame block. VAALCO commenced drilling these wells in November with the jackup rigs

THE Federal Government has expressed Nigeria's commitment to the implementation of the Trans-Saharan Gas Pipeline (TSGP) project.

THE price of fuel will drop tomorrow by less than what the minerals and energy department announced after the review of the existing fuel zones.

CONSTRUCTION of a major dam for the $27m (sh53b) Buseruka power project in Hoima is on course, the project manager has said.

The combination of a strengthening Rand and weakening crude oil price is boding well for South African motorists with the price of fuel set to drop substantially at midnight on Tuesday.

South Africans used 5.7 percent less electricity in November 2008 as compared to the same month last year. The latest figures released by Statistics South Africa (Stats SA) on Tuesday indicate that the consumption of electricity in November 2008 decreased

Governor Isa Yuguda of Bauchi state, has been most unfortunately and erroneously portrayed by critics as a non-performer simply because of his penchant for trips overseas primarily to woo foreign investments to his state. Fortunately such pedestrian misconception emanating mainly

Governor Chibuike Amaechi of Rivers State has advocated for oil companies to be allowed to resume exploration activities in Ogoni land after years of disagreement between oil majors and the people of Ogoni land.