The U.S. Securities and Exchange Commission has dropped its inquiry into Royal Dutch Shell’s 2011 acquisition of an offshore oil block in Nigeria, the Anglo-Dutch company...
Nigeria recorded crude oil and gas export sale of $434.85million in January, 2020, an increase of 94.30 per cent pitched against the December 2019 figures, the...
Oil prices have plunged further below $5 a barrel with the threat to erase decade of demand growth with thousands of jobs under threat as coronavirus...
The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has suspended its planned industrial action after 21 Exxon Mobil Corporation employees quarantined last week...
Lagos Chamber of Commerce and Industry (LCCI) has tasked the Nigerian National Petroleum Corporation (NNPC) on legal backing to consummate its process of reforming the petroleum...
U.S. President Donald Trump said on Monday the OPEC+ group of oil producers is looking to cut output by 20 million barrels per day (bpd), a...
Saudi Arabia and Russia have reached an agreement in principle to cut oil production, The Wall Street Journal has reported. The Organisation of the Petroleum Exporting...
The Nigerian National Petroleum Corporation (NNPC) has assured Nigerians of availability of sufficient petroleum products to guarantee hitch-free celebration of Easter. The NNPC Group General Manager,...
The Nigerian National Petroleum Corporation (NNPC) has commended Petroleum Tanker Drivers (PTD) for their sacrifice ferrying petroleum products across the nook and cranny of the Country,...
Saudi Arabia and Russia are “very, very close” to a deal on oil production cuts, Kirill Dmitriev, head of Russia’s sovereign wealth fund, told CNBC on...
The Minister of State for Petroleum Resources, Chief Timipre Sylva, has handed over five ambulances to Secretary to Government of the Federation, cum Chairman of the...
President Vladimir Putin said on Friday Russia was ready for deep oil production cuts with the United States and OPEC, but firmly put the blame for...
Petroleum Products Pricing Regulatory Agency (PPPRA) has further reduced the pump price of Premium Motor Spirit, popularly known as Petrol, from N125.00 to N123.50 with effect...
Oil futures fell further on Monday, settling above the key $20 mark, but concerns over a drop in energy demand pushed prices to their lowest finish...
Collapsing oil prices are costing some OPEC members not only lost revenue when they most need it to tackle the coronavirus crisis, but also market share...