Edo Governor, Godwin Obaseki said the nation lost about 22 million barrels of its crude oil production to oil theft between January and June 2019. Obaseki...
U.S. President Donald Trump on Thursday called for the Organisation of the Petroleum Exporting Countries (OPEC) to boost oil production to lower the price of the...
The Federal Government has set up a committee to harmonise oil and gas revenue and production data of government earnings from all sectors of the economy....
Nigeria plans to cut its stake in joint venture oil assets with multinational oil companies to 40 percent this year, its budget minister said in a...
Oil prices inched up as a result of output cuts by OPEC and reports that the United States and China are close to a deal to...
The Nigeria Extractive Industries Transparency Initiative (NEITI) has said that Nigeria lost at least $16 billion in ten years due to non-review of the 1993 Production...
Aiteo Eastern Exploration and Production Company (AEEPCo) has successfully quelled a fire in the vicinity of its Nembe Creek Well-7, thereby averting danger to the communities...
Dutch prosecutors are preparing criminal charges against Royal Dutch Shell over its $1.3 billion acquisition of Nigerian offshore oilfield OPL 245 in 2011. Shell said in...
Indian Oil Corp, the country’s top refiner, has signed its first annual deal to buy U.S. oil, paying about $1.5 billion for 60,000 barrels a day...
International Brent crude futures hit a high of $66.78 per barrel before easing to $66.65 per barrel rising by 0.6 per cent from its last close....
The National Bureau of Statistics (NBS), said the average prices paid by consumers for kerosene and diesel increased in January 2019. The price of kerosene increased...
Brent crude oil prices hit 2019 highs above $65 per barrel on Friday, spurred by OPEC-led supply cuts and a partial shutdown of Saudi Arabia’s biggest...
The world’s top oil companies, the “oil majors” — US firms Chevron and ExxonMobil, Britain’s BP, Anglo-Dutch Royal Dutch Shell and Total of France –...
Total has announced a major oil and gas discovery in South Africa in the offshore Southern Outeniqua Basin which runs parallel to the Southern Cape coast....
Crude oil price fell below $62 a barrel following a report that showed a rise in U.S. crude inventories, just as concerns about the impact on...