THERE are indications that crude oil theft from the upstream sector of the oil industry in the country has worsened in the last six months, accounting for about 680,000 barrels per day of about 1.3 million barrels per day (bpd) … read more
THE Federal Government has lost about N105.1 billion since November 2008 due to the shutdown of the Soku gas plant in Rivers State, which used to provide 40 per cent of the gas need of the Nigerian Liquefied Natural Gas … read more
The Joint Task Force (JTF), code-named Operation Restore Hope, on Thursday raised the alarm that a militant group led by a certain Kingsley Opuye was planning an attack on oil and gas installations in the Niger Delta. According to a … read more
Eight policemen attached to the convoy of the Delta State Commissioner of Police, Mr Jacob Oshiomogor, were killed yesterday during an exchange of gunfire with armed robbers. Mr Oshiomogho, however, escaped death by the whiskers. The attack took place at … read more
DEATH toll in the collapsed four-storey building on Oderinde Street, Idi-Araba, Lagos has risen to 12. Nine more bodies were recovered yesterday from the rubble, three of them children of same parents. However, an eight-month old baby, Divine Emmanuel, was … read more
A young man was confirmed dead, 14 injured and several others trapped in a collapse building in Lagos yesterday. The three-storey old building is situated along Agoro Street, behind College of Medicine, Idi Araba, Surulere, Lagos. The incident, according to … read more
Oil workers under the auspices of the National Union of Petroleum and Natural Gas and the Petroleum and Natural Gas Senior Staff Association of Nigeria yesterday accepted Federal government’s plea to suspend their industrial action scheduled for today. The decision … read more
No one would have heard of the Nigeria LNG bribery scandal if not for Georges Krammer, former Director General of the French company, Technip. Krammer was accused of paying 3 million euros in illegal commissions during investigations into Elf-Aquitane operations … read more
Federal high court in Lagos on Wednesday resumed the trial of a former Minister of Aviation, Chief Femi Fani-Kayode, for allegedly laundering of about N230 million. Fani-Kayode is being prosecuted by the Economic and Financial Crimes Commission (EFCC). At the … read more
Three crew members of MV Seal Tide, including a Ukrainian citizen, are still held hostage by pirates. “According to the latest information of Cameroon’s special service, the pirates demand ransom of UAH 2 million for the release of the hostages,” … read more