The Minister of State, Petroleum Resources, Dr. Emmanuel Ibe Kachikwu has expressed grave concern and disappointment on the recent pipeline attacks by militants in the Niger Delta region, noting that three attacks have taken place over the last two weeks even whilst efforts were...
Royal Dutch Shell plans to end its operations in 10 countries and sell 10 percent of its production as part of a $30 billion asset sale plan by 2018.
Shell Chief Executive Officer (CEO) Ben van Beurden said this in an update on the company’s...
Nigerians may have to get used to living in the dark
Unless President Muhammadu Buhari, 73, can subdue armed militants attacking gas facilities that supply the nation’s power plants, his plans to remedy an electricity shortage he called a “national shame” in his inauguration speech...
The huge decline in crude oil production largely occasioned by militant attacks in the Niger Delta has caused the country to lose at least N100.4bn in earnings in 13 days.
Official reports indicate that the nation’s oil output has dropped by 800,000 barrels per day...
