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...
As it prepares to roll out in 2019, Dangote Oil Refining Company (DORC), has taken delivery of one of the major components of its refinery equipment,...
Group Managing Director, Nigerian National Petroleum Corporation (NNPC), Dr Maikanti Baru, says non-compliance to regulations by operators in the oil and gas sector hinders growth in...
Crude oil prices rose by more than 1.5 per cent in the international market on expectation that talks in Beijing can resolve a trade war between...
A Nigerian militant group said on Sunday it had carried out an as yet unconfirmed warning strike on an oil facility owned by local energy firm...
Oil cargoes departing from Nigeria to the United States fell to 103,000 bpd in December, 2018 down by 48,000 bpd, new data has shown. The drop...
Nigeria’s daily crude oil production has recovered and 2.09million barrels in 2018, translating to a 9 per cent rise in production. This when compared with the...
The Executive Secretary, Petroleum Products Pricing Regulatory Agency (PPPRA), Abdulkadir Saidu, says the Federal Government has no plans to increases the price of Premium Motor Spirit...
OPEC members and 10 other oil producing nations have agreed to cut output by 1.2 million barrels a day in a bid to boost prices. Energy...