You are here
Home > Energy

Oil Hits 2016 High Due To Falling Output, Weaker Dollar

Oil hit its highest level on Wednesday, driven by a falling dollar and evidence of declining U.S. supply, putting the price on course for its strongest monthly performance since last April. Brent crude futures were up $1.03 at $46.77 a barrel in early trading, having risen nearly 20 per cent in

ExxonMobil Renews Grants To Fight Malaria In Africa

  ExxonMobil has said that it marked World Malaria Day by announcing grants to local and international organizations fighting malaria. These investments extend ExxonMobil’s commitment of more than 15 years to reduce the global burden of malaria, which threatens nearly half the world’s population and claimed an estimated 438,000 lives in

CT Cosmos To Set Up $150m Solar Power Project In Plateau

  CT Cosmos Nigeria Limited, a subsidiary of Communication Towers Limited, has indicated interest in establishing a massive Solar plant power project of over $150 million in the Panyam community of Mangu local government area of Plateau State. The Chief Operating Officer of CT Cosmos, Mr. Henry Opara, who led a delegation

Eni To Invest 20bn Euros In Africa In Next Four Years

….Declares Force Majeure On Brass River Grade Crude The Chief Executive Officer of Eni, Claudio Descalzi, has said that the company plans to invest about 20 billion euros ($22.52 billion) in Africa over the next four years, mostly in oil and gas. "In the next four years we are going to invest

NLNG Refutes Airborne Disorder Allegation In Bonny

The management of the Nigeria Liquefied Natural Gas (NLNG) has disputed a report that some staff and community residents were seriously ‘sick and hospitalised’ as a result of ‘airborne disorder from dangerous gas related to routine maintenance work being undertaken at our facility in Bonny. In a statement by the General