Royal Dutch Shell has concluded that a Nigerian oilfield sale where it suspects an executive took bribes was not linked to a separate court case in...
Oil prices fell along with weak stock markets on Thursday, but trading was tepid ahead of a meeting by the Organisation of the Petroleum Exporting Countries...
Qatar has resolved to leave OPEC from January 2019 but would attend the oil exporter group’s meeting this week. The decision meant Doha could focus on...
The International Energy Agency (IEA) predicts that by 2035, developing nations will constitute 80% of total global energy production and consumption alike. A greater portion of...
Oil marketers have in Lagos gave the Federal Government seven-day ultimatum to settle outstanding debts totalling N800 billion, failing which depots would cease operation across the...
Saudi Arabia Crown Prince Salman and President Putin: strikes agreement on oil output cut President Vladimir Putin said that Russia and OPEC biggest producer, Saudi Arabia...
As part of its strategic aspirations to drive maximum value from Nigeria’s abundant natural gas resources, the Nigerian National Petroleum Corporation (NNPC) is targeting 10 per...
The Minister of State for Petroleum Resources, Dr Ibe Kachikwu, has said that three out of the 40 planned modular refineries would likely come on stream...
Crude-oil prices plunged in early Friday trade in New York, with the contract headed for its seventh-straight weekly fall as investors increasingly focused on a coming...
The NNPC says it is devising new ways to attract more funding for operators in Nigeria’s oil and gas industry to launch them into a new...
Russia is planning to sign a partnership agreement with Organisation of Petroleum Exporting Countries (OPEC), Energy Minister Alexander Novak said on Monday. Novak said the deal...
Oil marketers have again resurrected the supposedly closed subsidy as they have appealed to Federal Government to effect quick payment of its outstanding N800 billion subsidy...
Oil rose on Friday on hopes that supply cuts will be agreed at OPEC’s meeting on Dec. 6, but failed to recoup recent losses on oversupply...
A probe by the Senate into whether NNPC improperly withdrew money has expanded with the amount under investigation doubling to over $2.2 billion, a Senate committee...
Brent crude Oil prices has slipped on rising supply and weakening demand. This however is not cheering news for oil exporters such as Nigeria which depends on...