The Nigeria Extractive Industries Transparency Initiative (NEITI) says it will sign a Memorandum of Understanding (MoU) with the Economic and Financial Crimes Commission (EFCC) to strengthen...
The Lagos State Emergency Management Agency (LASEMA) Response Team said it had taken measures to minimise the risk of explosion from a leaking pipeline at Baruwa...
OPEC’S share of India’s oil imports fell to 73 per cent in October, its lowest monthly share since at least 2011, tanker data from sources showed,...
Crude oil price rose after industry data showed a surprise drop in U.S. crude inventories, while comments from an OPEC official about lower-than-expected U.S. shale production...
Nigeria is producing 1.6 million to 1.7 million barrels per day (bpd) of crude oil, the chief operating officer of the Nigerian National Petroleum Corporation said...
Lower prices and increasing competition for investment are driving many African states to make it easier and cheaper for overseas companies to keep their oil and...
The Nigeria Liquidified Natural Gas (NLNG) says it will begin to discharge cooking gas to the New Oil Jetty (NOJ) terminal in Lagos just as the...
Oman said that the Organisation of the Petroleum Exporting Countries (OPEC) and allied oil producers could extend a deal to limit crude supply but may not...
Marketers of Liquefied Petroleum Gas (LPG), under the aegis of Nigerian Association of Liquefied Petroleum Gas Marketers (NALPGAM), have raised alarm over indiscriminate hike in the...
Total is seeking to sell its 12.5 per cent stake in a major deepwater oilfield off the coast of Nigeria, industry and banking sources said, in...
The Group Managing Director (GMD) of the Nigerian National Petroleum Corporation (NNPC), says the corporation saved more than three billion dollars from arbitrations. Kyari made this...
A principal witness, CSP Umar Babangida, has alleged that Grace Taiga, a former director, Legal Services in the Ministry of Petroleum Resources, played a major role...
Governor of California, Gavin Newsom, has appointed a Nigerian, Uduak-Joe Ntuk, as the State Oil and Gas Supervisor, responsible for managing the Division of Oil, Gas...
The Federal Government says it will support the 650,000 barrels per day capacity Dangote Refinery and Petrochemicals Plant with crude oil feed stock and other necessary...
By Omoh Gabriel President Buhari assenting to Bill amending Deep Offshore (and Inland Basin Production Sharing Contract) Act, assisted by Chief of Staff Abba Kyari. Nigeria...