Oil prices rose on Wednesday as strong global refining margins and the reopening of U.S. Gulf Coast refineries provided a more bullish outlook after sharp drops...
United States has been hit by petrol or gasoline shortage as the effect of Tropical Storm Harvey and the flood it brought to Texas and environ...
The Nigerian National Petroleum Corporation, NNPC has said that its sustained intervention in the downstream sector of the petroleum industry has forced down the price...
THE Nigeria Union of Petroleum and Natural Gas Workers, NUPENG has rejected threat by oil marketers to embark on mass sack of workers, over unpaid subsidy...
OPEC oil output dropped lower in July, as renewed unrest cut supplies in Libya and other members stepped up compliance with a production-cutting deal. A dip...
The Federal Government is said to be owing the Niger Delta Development Commission (NDDC) the sum of N1.8 trillion since its inception 17 years ago. Mr...
The Federal Government said it has signed agreement with Greenville Energy and the Nigerian National Petroleum Corporation/Total Exploration and Production Nigeria, TEPNG, Joint Venture for the construction...
The Nigerian National Petroleum Corporation, NNPC has announced major restructuring in its operations with the appointment and redeployment of 55 key executives in its refineries and...
Petrol futures soared Monday as Tropical Storm Harvey continued to wreak havoc on Texas, knocking major Gulf Coast refineries out of action. And while the storm...
The Nigerian National Petroleum Corporation, NNPC said it has set a 10-year timeframe for indigenous oil and gas companies operating in the country to increase their...
A Federal High Court sitting in Port Harcourt, Rivers State has ordered the arrest and detention of three crude oil drilling rigs, OES TEAMWORK, OES INTEGRITY...
Minister of Petroleum Resources Emmanuel Ibe Kachikwu said that the federal government has initiated plans to achieve 100 per cent local fabrication of modular refineries in...
Shell says it has started gas production at expanded Nigeria project. Anglo-Dutch oil major Royal Dutch Shell has said that gas production from the second phase...
The Department of Petroleum Resources (DPR) has indicated its willingness to collaborate with the Lagos State Government in its quest to develop a road map for...
Crude oil prices rose to $52, lifted by indications that supply is gradually tightening, especially in the United States. Brent crude oil was up 40 cents...