Afren provides response to AMNI’s allegations regarding Okoro field

Afren provides response to AMNI’s allegations regarding Okoro field 0

🕔21:01, 13.Apr 2015

Afren plc (“Afren” or the “Company”) (LSE: AFR) notes the press reports regarding the purported termination by AMNI Petroleum Development Company (“AMNI”) of the Production Sharing and Technical Services Agreement between AMNI, the Company and Afren Energy Resources Limited in

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Transcorp reassures stakeholders on OPL 281

Transcorp reassures stakeholders on OPL 281 0

🕔20:59, 13.Apr 2015

The Chief Executive Officer of Transnational Corporation of Nigeria(Transcorp), Mr. Emmanuel Nnorom, has said  the withdrawal of SacOil Holdings Limited from participating in OPL 281 will not affect the funding and production prospect of the oil block, This Day reports.

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SC adjourns hearing on Brittania-U, Chevron suit to May 18

SC adjourns hearing on Brittania-U, Chevron suit to May 18 0

🕔20:55, 13.Apr 2015

The  Supreme  Court  on Monday  could not hear  the appeal in the case  involving  Brittania-U Nigeria Limited and  Chevron  Nigeria Limited, as the apex court stated  that  the  appeal cannot be heard when the  issue in litigation before the court

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AGF refutes allegations of shady deals in Addax suit against FG

AGF refutes allegations of shady deals in Addax suit against FG 0

🕔20:53, 13.Apr 2015

The Attorney General of the Federation and Minister for Justice, Mohammed Bello Adoke (SAN), has absolved himself from the allegation that his office wanted to compromise a suit filed by Addax Petroleum Development (Nigeria) Limited and Addax Petroleum Exploration (Nigeria)

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Dawha predicts 50 years of gas dominance in Nigeria’s petroleum sector

Dawha predicts 50 years of gas dominance in Nigeria’s petroleum sector 0

🕔20:49, 13.Apr 2015

Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Joseph Dawha has predicted that the next 50 years of operation in the petroleum sector would be dominated by gas resources, Daily Independent reports. Dawha who spoke through, Dr.

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Prosecuting oil theft in Nigeria is slow and arduous – Stakeholders

Prosecuting oil theft in Nigeria is slow and arduous – Stakeholders 0

🕔20:49, 13.Apr 2015

The Commander, Joint Task Force (JTF), Major-General, Emmanuel Atewe, has said that the Federal Government is prosecuting 23 cases involving the use of barges and vessels for oil theft and illegal oil bunkering, but added that the pace of prosecuting such

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Deepwater expenditure to increase to $210bn – Douglas Westwood

Deepwater expenditure to increase to $210bn – Douglas Westwood 0

🕔20:37, 13.Apr 2015

Despite imminent project delays, 2015-2019 deepwater expenditure is expected to increase by 69%, compared to the preceding five-year period, totaling a figure of $210 billion (bn). This is the headline finding from Douglas-Westwood’s (DW) World Deepwater Market Forecast 2015-2019. Report

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Power generation rises to 4,000MW at end of March – FG

Power generation rises to 4,000MW at end of March – FG 0

🕔20:32, 13.Apr 2015

Power generation in the country has risen above 4,000 megawatts after hovering between 3,000MW and 3,800MW since January this year, The Punch reports. The development, which industry operators attributed to the general elections, became noticeable on March 31, 2015. Power

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John Holt looks to boost Independent Power Production with new unit

John Holt looks to boost Independent Power Production with new unit 0

🕔20:27, 13.Apr 2015

John Holt Plc has announced plans to boost independent power production (IPP) with the introduction of its independent power plants unit, This Day reports. According to the firm, it has the capacity to develop, build and manage power projects of

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The Thorium: Car That Runs 100 Years Without Refuelling

The Thorium: Car That Runs 100 Years Without Refuelling 0

🕔00:30, 11.Apr 2015

If your car was powered by thorium, you would never need to refuel it. The vehicle would burn out long before the chemical did. The thorium would last so long, in fact, it would probably outlive you. That’s why a

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