The Federal Government has said it is in search of better alternative to market and sell Nigeria crude in the international oil market. As a result...
Power, Works and Housing Minister, Babatunde Fashola, in a letter to President Muhammadu Buhari, has disclosed the termination of the concession contracts for the management of...
Crude oil prices traded a little below $70 a barrel near a three-year on signs that production cuts by OPEC and Russia are tightening supplies. Brent...
Two Chinese companies weekend held a groundbreaking ceremony to start the construction of a subsea pipeline installation for Dangote Oil Refining Company Limited in Lagos, Nigeria’s...
The Nigerian National Petroleum Corporation, NNPC, yesterday, stated that the latest closure of the Escravos to Lagos Pipeline, ELP, for repairs following an explosion, would...
The epileptic power situation witnessed across the country since the beginning of the year is expected to worsen further, as the Nigerian National Petroleum Corporation, NNPC...
Shipments of West African oil to China are set to surge to a record in January, boosting overall fixtures heading east to their highest in at...
A total of 254 local and foreign companies are bidding to participate in the process of selection of traders to sell Nigerian crude oil abroad. This...
The role of off-grid and mini-grid in rural electrification in Africa, will be a key discussion session during the 10th Africa Energy Indaba Conference at...
The country’s electricity supply situation is set to improve as the Nigerian National Petroleum Corporation, NNPC said it has concluded repair works on the Escravos-Lagos Pipeline,...
The Federal Government has warned that it will impose heavy sanction on petroleum marketers who sell above the N145 per litre approved pump head price. The...
Crude oil prices continued in the upward swing and hit their highest levels since in three years. The current upward swing is being supported by three...
Federal Government, ha agreed to undertake a review of the pricing template and landing cost of petrol in addition to a number of incentives for oil...
Oil prices rose on Wednesday to new two-and-a-half year highs as robust output in the United States and Russia balanced tensions from a sixth day of...
Petroleo Brasileiro SA, Brazil’s state-controlled oil company, said on Wednesday it has agreed to pay $2.95 billion to settle a U.S. class action brought by investors...