A Niger Delta group, under the aegis of Niger Delta Activist Forum, has threatened to shut down the Nigeria Agip Oil Company (NAOC) if it fails to...
Minister of State for Petroleum Resources Mr. Ibe Kachikwu, has said that more gas resources have been found offshore Lagos. He also said that the gas...
Nigerian National Petroleum Corporation (NNPC) has denied that it approved N36billion compensation to paid to Alesa-Eleme community in Rivers State as royalty for playing host to...
Oil prices steadied on Wednesday after slipping prices on concerns that Saudi Arabia and Russia will pump more crude in response to falling global crude inventories...
Ladol, a logistics hub for the offshore oil industry in Lagos, Nigeria, is mulling a stock-market listing and corporate bonds to expand its facilities and get...
Exxon Mobil Corp evacuated non-essential workers from the Lena production platform in the Gulf of Mexico ahead of Subtropical Storm Alberto, the company said on Sunday. Royal...
Oil prices fell more than $2 per barrel on Friday as Saudi Arabia and Russia discussed easing production cuts that have helped push crude prices to...
The Nigerian National Petroleum Corporation, NNPC, has directed its downstream subsidiary, NNPC Retail Limited, to ensure it grow its market share of petroleum products distribution in...
Flows of crude oil along Nigeria’s Trans Forcados pipeline have started to ramp up again after an outage of almost a week, several trading sources said...
Lawyers for the Bodo community in Nigeria’s oil-producing Niger Delta, which was devastated by two major oil spills a decade ago, went to court in London...
(Reuters) Seven years ago, two middlemen launched civil lawsuits to seek payment for helping arrange a $1.3 billion oil deal in Nigeria. Now, nine current and...
The Asset Management Corporation of Nigeria (AMCON) has taken over Sea Petroleum Oil & Gas Ltd. and other assets belonging to Sen. Stella Oduah-Ogiemwonyi over...
Brent oil prices were little changed on Friday but were on track for a sixth straight week of gains, boosted by strong demand, looming U.S. sanctions...
Oil prices hit $80 a barrel for the first time since November 2014 on concerns that Iranian exports could fall due to renewed U.S. sanctions and...
Nigerian National Petroleum Corporation, NNPC, has urged lawmakers to review downward the duration of petroleum licences as stipulated in the draft Petroleum Industry Administrative legislation, PIAB,...