The Defence Headquarters has said troops of Operation Delta Safe, discovered and deactivated 95 illegal refining sites and foiled oil theft worth N1.9 billion in April....
Energy giant ExxonMobil is set to inject $1.5 billion into the development of its deepwater operations in Nigeria, the country’s oil regulator said on Wednesday. The...
Renaissance Africa Energy Co. Ltd has halted oil shipments via its Okordia-Rumuekpe pipeline in the coastal Rivers state following a spill, the independent oil firm said...
A fresh oil spill has been reported in the Ikata community in Ahoada East Local Government Area of Rivers State with attendant massive destruction of crops...
Aliko Dangote, the Chief Executive of Dangote Group, says he will fight oil cabal in the Nigeria’s oil sector that has been against the success of...
OPEC+ will accelerate oil output hikes and could bring back to the market as much as 2.2 million barrels per day by November, five OPEC+ sources...
Brent price has dropped to $61 per barrel in the global commodity market as markets expect the organisation of Petroleum Exporting Countries and allies members (OPEC+)...
A restructuring exercise has claimed at least 200 officials of the NNPC as chief executive Bayo Ojulari launches his first broad action on the state-run oil...
Oil prices rose more than $1 per barrel on Tuesday as new U.S. sanctions against Iran and rising equity markets helped spark a recovery rally from...
The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPC Ltd.), Bashir Ojulari, has pledged to attract a staggering $60 billion in investments...
House of Representatives Committee on Petroleum Resources, Upstream, has said it would quickly amend the Petroleum Industry Act, PIA, to increase oil companies’ contributions to Host...
The international benchmark, Brent crude, increased by around 0.57%, trading at $64.92 per barrel, up from $64.55 at the previous session’s close. The US benchmark West...
Federal Government of Nigeria plans to establish a national strategic petroleum products stockpile this year to safeguard its economy against disruptions in the international market, the...
Crude oil prices increased in the global commodity market on Monday as traders weighed mixed signals about U.S. tariff implementations while data showed that China’s oil...
The Nigerian Army says it uncovered 11 new bunkering facilities during a six-day operation in Akwa Ibom, Bayelsa, Delta and Rivers. Danjuma Danjuma, spokesman for the...