U.S. oil prices rose above $70 a barrel for the first time since November 2014 and Brent crude climbed to fresh highs, buoyed as a...
Management of Forte Oil has said the company plans to sell its upstream services and power businesses in Nigeria and divest from Ghana to focus on...
Oil prices held steady as the dollar remained near a four-month high, with crude supported by worries that United Sstates President Donald Trump may pull out...
West Africa-focused oil and gas group Savannah Petroleum is considering selling a minority stake in its Niger assets before first oil flows there, which is expected...
There’s been ongoing community protests at Oil Mining Lease (OML) 30, Nigeria’s second largest onshore oil & gas asset, located in the Niger Delta about 35km...
The Nigerian Petroleum Development Company, NPDC, yesterday, said it has commenced the establishment of a 330,000 metric tonnes per day Liquefied Petroleum Gas, LPG, plant, also...
The Buhari administration is not only committed to ensuring that the clean-up of Ogoniland is carried out, but also ensuring that it is done transparently, according...
The World Bank has projected that crude oil price will average $65 a barrel over 2018, up from an average of $53 a barrel in 2017....
As OPEC’s effort to balance the oil market bear fruits, US producers are reaping the benefits and flooding Europe with a record amount of crude. Russia...
Nigeria’s oil exports are expected to fall slightly in June to just under 1.8 million barrels per day (bpd), loading plans has shown. The export plan...
Price of petrol will be reviewed as soon as Petroleum Industry Governance Bill is passed to law. This is the view of Nigerian Association of Energy...
The Nigerian National Petroleum Corporation, NNPC, has said that its downstream subsidiary, NNPC Retail Limited, has introduced stricter measures to scrutinise and supervise the operations...
Group Managing Director of Nigerian National Petroleum Corporation (NNPC), Mr. Maikanti Baru, has stated that funding remained a major constraint to the corporation. In a statement...
The Group Executive Director, Finance and Account of the Nigerian National Petroleum Corporation (NNPC), Mr Isiaka Abdulrazak said the corporation recorded a trading surplus of N250...
The International Energy Agency said that the international oil market could become too tight if supply remains restrained by OPEC and its allies as global oil...