Soprise Impact Organisation, a UK/US-based oil and gas consultancy firm, said over 1.1 million cubic metres of gas lost to flaring can provide electricity to 20...
Brent oil rose weekend to above $107 a barrel as outlook reports indicated global oil demand will rise more quickly this year due to economic growth...
Dangote Group, controlled by Africa’s richest man Aliko Dangote, is considering the purchase of Nigerian oil fields as international companies plan to sell onshore assets in...
The Director-General, Bureau of Public Enterprise (BPE), Mr Benjamin Dikki, on Tuesday said the bureau provided N50 billion to the new owners of the country’s power...
An uncomfortable prospect for global exporters of liquefied natural gas (LNG) will unfold in India this week as buyers from countries that import 70 per cent...
A large oil spill near Nigeria’s Brass facility, run by ENI, has spread through the sea and swamps of the oil producing Niger Delta region, local...
Switzerland is ready to assist Nigeria in the ongoing investigations into the alleged more than 6.8 billion dollars (N1.1 trillion) fraudulent oil deals involving the NNPC...
Gov. Babangida Aliyu of Niger state has urged the Central Bank of Nigeria (CBN) to account for the shortfall being experienced in the federation account since...
Vice President of ExxonMobil Production Company Mr Elijah White has urged Federal Government to ensure that the pending Petroleum Industry Bill (PIB) at the National Assembly...
The U.S. will surpass Russia as the world’s top oil producer by 2015, and be close to energy self-sufficiency in the next two decades, amid booming...
Oil prices could drop by as much as $15 per barrel should countries such as Libya restore production and sanctions on Iran be eased, forcing some...
Eni is facing growing problems in Africa as social unrest in the resource-rich continent escalates to threaten production targets on a continent where the Italian oil...
ConocoPhillips said it expects proceeds of nearly $9 billion from the sale of its interests in Kazakhstan, Algeria and Nigeria. Conoco’s plan to focus on North...
The Vice President Namadi Sambo will on behalf of the federal government officially hand over the physical assets of the 14 PHCN Successor Companies to the...
OPEC oil output has fallen in September to the lowest in almost two years because of work at Iraq’s main export outlet, a Reuters survey found...