BANNER Energy, a wholly owned indigenous company with operations in the gas sector has commenced moves to roll out about 1000 Liquefied Petroleum Gas (LPG) retail plants throughout the country.

By John Owubokiri THE oil politics of Nigeria is as aggravating as it is comical. The Babangida government magnanimously gave back 4% of revenue accruing to oil sales and in the present 1999 Constitution the figure was increased to 13%. Ladies and gentlemen, is it not an incongruity to the property belonging to people and […]

TOTAL E&P Nigeria Limited has been commended for its laudable sustainable development initiatives. The commendation was made by the Senate Committee on Petroleum (Upstream) when some of its members recently inspected community projects in the company’s operational area in OML 58 in Rivers State. Projects inspected included roads, hospitals, schools, farms, the Egi independent power plant, among others.

FOR two years the price of oil has been dangerously volatile, seemingly defying the accepted rules of economics. First it rose by more than $80 a barrel, then fell rapidly by more than $100 before doubling to its current level of around $70. In that time, however, there has been no serious interruption of supply.

BERACHA lubrications limited, a wholly owned indigenous oil trading and logistics company, with operations in the oil and maritime sectors has commenced plans to boost its operations with about 50 million US dollars withing the next six months.