Tag: oil
Akwa Ibom Gov’t pleads with oil companies to extend MoU
Akwa Ibom Government has pledged to encourage oil companies operating in the state to extend their Memorandum of Understanding, MoU…
Okorocha seeks restructuring of revenue allocation system
Gov. Rochas Okorocha of Imo has called for the restructuring of the revenue allocation system to protect weaker states in…
Shell asks shippers exporting Nigerian oil to sign guarantee letter
Reuters – Royal Dutch Shell has asked ship owners exporting its Nigerian oil to sign a “letter of comfort” (LoC)…
Only diversification will save Nigeria’s economy – Expert
An economist, Mr Tosin Yusuf, on Monday said diversification was the only way to get out of the current economic…
Diversifying Nigeria’s Economy
For decades, Nigeria has been over relying on oil to drive its economy. Following the massive decline in global oil…
Grasscutter Farming The New Oil
By Prince Arinze Onebunne In the past decade, food prices have skyrocketed to an all-time high; in 2010-2011 alone, rising…
Shell Bemoans ‘Unprecedented’ Oil Theft In Nigeria
Oil giant Shell on Monday raised alarm over “unprecedented” oil theft in Nigeria, particularly in relation to the sabotage of…
Oil rich Arab States embrace solar energy
After decades of relying on carbon-emitting fossil fuels to build their cities in the desert, some oil and gas rich…
Who Will Stop These Oil Thieves?
A few days ago, the Executive Secretary of Nigeria Extractive Industries Transparency Initiative, NEITI, Mrs. Zainab Ahmed said Nigeria’s oil…
Nigeria Governor Seeks Partnership To Check Pipeline Vandalism
Bayelsa State Government has called for the co-operation of major stakeholders in the oil and gas sector to check the…
Ghana Navy Seizes Hijacked Nigerian Oil Vessel
The Ghana Navy has arrested an oil tanker, MV Madina that attempted to discharge hijacked crude oil from Nigeria at…
Oil Theft On The Rise
Oil companies in Nigeria are battling against a rising theft that is costing them an estimated 150,000 barrels of crude…
2 Shiploads Of Kerosene Arrive
Two shiploads of kerosene have arrived Lagos ports P.M.NEWS has learnt. According to the News Agency of Nigeria, NAN, the…