Crude oil prices rose on expectations that Saudi Arabia, the world’s largest oil exporter, will continue to support output cuts by OPEC and other producers to...
The Nigerian National Petroleum Corporation (NNPC) says it will grow the domestic gas use in-country to five billion cubic feet of gas per day from its...
A U.S. judge has rejected Exxon Mobil Corp’s and Royal Dutch Shell Plc’s effort to revive a $1.8 billion arbitration award against NNPC, which stemmed from...
The Group Managing Director of the Nigeria National Petroleum Corporation (NNPC) Malam Mele Kyari has reiterated his commitment to ensuring transparency and accountability in the operations...
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...
Malam Mele Kyari, the Group Managing Director (GMD), Nigerian National Petroleum Corporation (NNPC) says the corporation has begun repair of its damaged Abura Crude Trunk line...
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...