Browsing: Oil and Gas

Gunman kidnapped three oil workers from Canada, Scotland and Nigeria at a rig in Rivers State on Saturday, one day after two oil workers were abducted.

Two Royal Dutch Shell oil workers were kidnapped, and their police escorts killed, in Rivers State, Nigeria a police spokesman said on Friday.

President Muhammadu Buhari has urged Emir of Qatar, Sheikh Tamim bin Hamad Al-thani to invest in Nigeria’s refinery, power, aviation, and rail as major areas of concern.

Aiteo Eastern Exploration and Production Company Limited (AEEPCo) says it has put out the fire that occurred within its Nembe Creek Trunk Line at Ewoba in Bayelsa on April 21.

World oil prices jumped to near six-month highs on Tuesday as the United States tightened sanctions on Iran, sending shares of energy companies higher.

Russian Prime Minister, Dmitry Medvedev, on Thursday said Russia has banned exports of oil and petroleum products to Ukraine, as well as certain Ukrainian imports.

Justice D.Z. Senchi has granted the prayers of EFCC for a warrant of arrest against Dan Etete, a former Minister of Petroleum, and Mohammed Adoke.

Buyers of Nigerian oil are said to be buying cargoes for less than relatively high offering prices even as Angola’s May loading cargoes were almost sold out by Monday.

The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, has said none of the International Oil Companies (IOCs) is planning to exit Nigeria contrary to reports in some section of the media.

Workers in the oil and gas sector on Sunday advised President Muhammadu Buhari to shun any counsel that would destabilise or cause chaos in the economy.