Royal Dutch Shell said it posted $23.4 billion profit after tax for the financial year 2018. According to the oil company its net profit surged 80...
Nigeria is said to be flaring 888 standard cubit feet of gas daily. This it was learnt can generate 3,000 megawatts of electricity for the country....
President Muhammadu Buhari has urged African oil and gas producing countries to stop operating in silos in building pipelines and gas plants. Buhari gave the advice...
Oil prices rose by more than one percent on Friday as turmoil in Venezuela triggered concerns that its oil exports could soon be disrupted. Washington on...
Indications are that China’s crude oil import that have been driving rise in prices is set to fall as its economy has started to slow down....
Executive Director, Department of Petroleum Resources (DPR) Mr Mordecai Ladan, says the organisation generated N1.3 trillion as revenue and additional 200 million dollars from legacy indebtedness...
French oil and energy group Total will formally approve a decision to proceed with the Ikike project in Nigeria in the coming months, said chief executive...
President Dangote Group of companies Alhaji Aliko Dangote has in France confirmed that his group will be focussing on export to foreign markets to generate foreign...
Federal Government will soon start sourcing foreign exchange (forex) from Dangote Group, as soon as the latter’s refinery, petrochemicals and fertiliser projects come on stream. This...
Foremost petroleum marketing company in Lagos, Nigeria, MOB Integrated Services Limited, is now the largest supplier of Liquefied Petroleum Gas (LPG) in West Africa, delivering over...
Nigerian energy firm Forte Oil plans to enter into talks to sell its power unit to its major investor, billionaire Femi Otedola, after it failed to...
Eko Refinery and Petrochemical Company has appealed to the Federal Government to support local refiners with sovereign guarantees loans for the completion of their modular refineries....
Brent crude oil price fell to $60 a barrel at the future market which is just within the 2019 draft budget crude oil bench mark. If...
The Nigerian National Petroleum Corporation (NNPC) says the country earned 640.35 million dollars from the export of crude oil and gas for the month of October,...
Britain’s richest man, billionaire Sir Jim Ratcliffe, has shrugged off fears of a paralysis of U.K. business by spending €3 billion to build a petrochemical plant...