Surging oil production from non-OPEC countries led by the United States along with abundant global stocks will help the market weather political shocks such as the...
Trading in shares of Nigerian oil company Lekoil was suspended on the London Stock Exchange on Monday when the company said it had discovered that an...
The Department of Petroleum Resources (DPR), says plans are ongoing to grant Niger Delta Petroleum Resources Ltd. (NDPR) licence to operate its 1000 barrel per day...
By Justina Gabriel with Agency report Oil prices climbed after a rocket attack on Baghdad triggered fresh concern over the potential for conflict in the Middle...
OPEC oil output fell in December as Nigeria and Iraq adhered more closely to pledged reductions and top exporter Saudi Arabia made further cuts ahead of...
The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), Chevron branch has called for the removal of the Chairman and Managing Director (CMD) of...
A group known as Partner For Petroleum & Energy Sector Prosperity Initiative (P-PESPI) has called on President Buhari to urgently escalate his intervention to stop criminals...
The Nigerian National Petroleum Corporation (NNPC) recorded a trading surplus of ₦13.23billion in October 2019. This represented an increase of 54 per cent compared to ₦8.59 billion...
Oil prices rose more than 20 per cent this year but there were no sharp spikes and crude futures barely sniffed $70 a barrel despite attacks...
Brent crude oil rose by 28 cents, or 0.4 per cent, at $67.48 a barrel in the future market just as West Texas Intermediate was up...
Nigerian National Petroleum Corporation NNPC, has said it will increase its stake in a Chevron-operated gas-to-liquid refinery to 60 per cent as part of a cost...
The Federal High Court, Abuja has ordered the transfer of Soku oil field from Bayelsa to its rightful owner, Rivers. Justice Inyang Ekwo gave the order...
Vitol, an oil and gas trader agreed to buy Nigeria liquified gas in the next ten years. This at current market price, going by In-depth on...
The Nigerian National Petroleum Corporation (NNPC), says it is taking measures to address the menace of pipeline vandalism and crude oil theft in the nation’s Oil...
Waltersmith modular refinery, a 5,000 barrels per day production capacity facility being promoted by Nigerian Content Development and Monitoring Board (NCDMB), will commence operations in July...