While OPEC’s de facto leader Saudi Arabia trades blows in a war for market share with Russia after their three-year pact to cut oil supplies collapsed...
Oil prices are plunging amid concern a dispute among producers could lead a global economy weakened by COVID-19 to be awash in an oversupply of crude....
Oil futures fell by more than 7% on Friday as talks between the Organisation of the Petroleum Exporting Countries and their allies collapsed, with Russia refusing...
OPEC’s proposal to cut oil production by up to 1 million barrels a day would be enough to balance the oil market and lift prices to...
OPEC oil output dropped in February to the lowest in over a decade as Libyan supply collapsed due to a blockade of ports and oilfields and...
Royal Dutch Shell’s Bonga oilfield in Nigeria will undergo maintenance in March and April, though the impact on production and exact dates are still being finalised,...
National Economic Council has said that the balance of $71 million in the excess crude account is as a result of federal government investment of $250...
Italy’s Eni and Spain’s Naturgy have reached an agreement with Egypt to resolve a series of disputes over the Damietta gas liquefaction plant in northern Egypt,...
Ghana expects Norway’s Aker Energy to make a final investment decision in the near future regarding it’s planned Pecan oilfield development, Ghana’s president Nana Akufo-Addo said....
The International Energy Agency’s (IEA) outlook on global oil demand growth has fallen to its lowest level in a decade, IEA Executive Director Fatih Birol said...
An Italian Judge has ordered Alhaji Aliyu Abubakar, a Nigerian businessman involved in the controversial Eni and Shell OPL-245 offshore oilfield deal, to stand trial over...
Nigerian National Petroleum Corporation (NNPC), Shell Petroleum Development Company (SPDC), Total Exploration and Production of Nigeria (TEPNG); and Nigerian Agip Oil Company (NAOC), have disbursed $360...
EXXONMOBIL board of directors has elected Stephen Littleton as vice president of investor relations and corporate secretary, effective March 15. Neil Hansen, who is currently vice...
Director and Chief Executive Officer, Department of Petroleum Resources DPR Mr Sarki Auwalu, has said that the oil mining licence of Pan Ocean oil corporation OML...
Cost increases and uncertainty in Nigeria’s crucial energy sector could lead to a 35% decline in oil output over 10 years as companies delay investments in...