(Reuters) – Oil trader Vitol has quit a consortium that was set to buy a stake in two Nigerian oil fields from Brazil’s Petrobras, its former...
By Omoh Gabriel World Bank Group has projected crude oil prices to average $60 per barrel in 2019 and weaken to $58 per barrel in 2020....
(Reuters) – Brazilian President Jair Bolsonaro said on Wednesday that he wants his country to join OPEC, a move that would add the most significant new...
The Programme Manager, National LPG Expansion Plan, Mr Dayo Adeshina said the Federal Government was targeting the consumption of five million tons of Liquefied Petroleum Gas...
(Reuters) – Chevron is seeking to sell several Nigerian oilfields as part of a global drive to reshape its portfolio as it focuses on growing its...
Federal Government is making moves to recover $62 billion from oil companies under regulations that allow the government to revisit revenue-sharing deals on petroleum sales if...
The Nigeria Extractive Industries Transparency Initiative (NEITI), says metering infrastructure of the oil and gas sector is the only way to ensure accurate measurements of daily...
Nigerian crude exports is said to be facing a difficult demand picture as delays and freight costs weigh on crude exports. According to a report from...
Royal Dutch Shell said on Wednesday that it had been informed by the U.S. Department of Justice that it had closed its inquiry into Shell over...
Managing Director Nigeria National Petroleum Corporation, Mr. Mele Kolo Kyari has promised that Nigeria will cut its crude oil output to comply with OPEC output targets....
The leader of the House of Representatives Ad-Hoc Committee on NDDC Abandoned Projects in Edo State, Hon. Sergius Ogun, has expressed disappointment with the number of...
OPEC oil output has fallen to an eight-year low in September after attacks on Saudi oil plants cut production, deepening the impact of a supply pact...
The Edo State Governor, Mr. Godwin Obaseki, has called for a probe into the utilisation of the N20 billion emergency funds allegedly expended by the Niger...
The Nigerian National Petroleum Corporation (NNPC) has signed a 875.75 million dollar funding and technical services agreement and alternative financing deal for the Nigerian Petroleum Development...
Nigeria lost $1.35 billion to oil theft in the first six months of this year and needs a legal task force with special courts to tackle...