Nigeria and Saudi Arabian oil company Aramco are struggling to reach an agreement on a record $5 billion oil-backed loan after a recent decline in crude...
Oil prices extended gains on Tuesday, buoyed by U.S.-China trade talks and a dip in Saudi Arabian crude supply to China. Brent crude futures rose 23...
A Nigerian oil firm has exported New Blend of Crude Oil. Green Energy International Limited (GEIL) said it has completed its first crude oil export from...
Movement for the Survival of the Ogoni People (MOSOP) has called on President Bola Ahmed Tinubu to set up a probe panel to investigate the alleged...
Nigeria is witnessing a significant shift in its oil and gas landscape as local companies expand their roles, driving a new phase of potential sectoral growth...
Vice-President Kashim Shettima says Nigeria is pursuing a $25 billion undersea gas pipeline project aimed at supplying natural gas to Europe through the West African coastline....
Nigerian President Bola Tinubu has signed an executive order introducing a performance-driven framework for oil sector operators, designed to link tax incentives directly to verifiable cost...
Oil prices steadied on Monday after U.S. President Donald Trump extended a deadline for trade talks with the European Union, easing concerns about U.S. tariffs on...
Group Chief Executive Officer of NNPC Ltd, Bashir Bayo Ojulari, has told President Bola Tinubu that the company is targeting 1.9 million barrels per day of...
Dangote Petroleum Refinery & Petrochemicals has said it has reduced the price of its petrol by N15 to N875 per liter. It said “As a result of...
Renaissance Africa Energy Company Limited says it is injecting $15 billion into its oil fields located onshore and in shallow waters in the Niger Delta region in...
Nigeria’s Renaissance Africa Energy Co. Ltd has confirmed an illegal connection on its Okordia-Rumuekpe pipeline at Oshika community in Nigeria’s coastal Rivers state caused a spill,...
Nigerian oil marketers are struggling to secure petrol supplies from two newly refurbished state-run refineries six months after they were declared operational, they say, leaving them...
The people of Ogoni ethnic nationality in Rivers state have said that a forceful resumption of crude oil production in Ogoni will come with reputational damage to...
Health of Mother Earth Foundation has warned that resumption of oil extraction in Ngoni land could cause more pipeline spills and fires going by the fact...