Oil prices have decreased after OPEC production was raised. September Brent crude futures fell by seven cents to reach 74.90 dollars a barrel at 01:09 GMT...
Crude oil price was near $70 a barrel as supply risks from Saudi Arabia to the U.K. threaten to strain global markets. Futures in New York...
Royal Dutch Shell and its partners will decide next year on whether to go ahead with the development of Nigeria’s Bonga Southwest offshore oilfield, a senior...
Nigeria, crude oil supply to the international market by 50,000 barrel per day in July. According to Reuters crude oil market survey report released in London...
Higher oil prices drove increased profits for US oil giant ExxonMobil, but the earnings report Friday missed analyst expectations due to natural gas outages and refining...
President Muhammadu Buhari said in Abuja that his administration will look into the constitutional 13 per cent derivation benefit to the Niger Delta region to ensure...
The management of Nigeria National Petroleum Corporation (NNPC) has reiterated its commitment to establish biofuel plants across the country as call intensifies for an alternative source...
Total has said it spent over $10 billion to empower Nigerian youths in entrepreneurial development in the last five years. The company equally said that over 2,000...
The private sector-driven Niger Republic facilitated approved petroleum refinery in Mashi in Kastina state would cost $2 billion. The planned refinery would have the capacity to...
The Lagos headquarters of ExxonMobil has been shut down by the company’s workers’ unions over the sacking of 860 spy police without entitlement. The workers besieged...
The Nigerian National Petroleum Corporation (NNPC) has commenced a community integration and stakeholders’ engagement to sensitise people in Cross River ahead the planned oil palm-based bio-diesel...
A joint venture including Italian oil services group Saipem, Japan’s Chiyoda Corp and Korea’s Daewoo E&C has been awarded a new contract related to an LNG...
The Chairman, Commissioners of Finance Forum, Mr Mahmood Yunusa on Thursday said the Federation Accounts Allocation Committee (FAAC) has agreed to suspend meetings indefinitely until an...
Max Air on Thursday, began its domestic flight operations in Nigeria, landing a Boeing 737-300 aircraft with 29 passengers on board at the Nnamdi Azikiwe International...
Nigerian Liquified Natural Gas NLNG, has paid off the loan facility it took from its shareholders. As a result one of its shareholders Nigerian National Petroleum...