Crude oil prices climbed about 1% to a five-week high on Monday on worries supplies could decline if U.S. President Donald Trump follows through on threats...
Nigeria Extractive Industries Transparency Initiative has announced a review of divestments involving 26 oil blocks worth $6.03 billion by five International Oil Companies just as it...
Movement for the Survival of the Ogoni People (MOSOP) has described as deceptive, the claims being peddled by oil resumption merchants, that oil production in Ogoni...
MRS Oil Nigeria Plc has announced a decision to voluntarily delist from the Nigerian Exchange Limited (NGX) and move to the NASD OTC Securities Exchange. The...
Oil prices were set for a third weekly gain on Friday as the U.S. ramped up pressure on Venezuela and Iran, though worries over whether Washington’s...
Crude oil prices edged higher on Thursday and hovered near one-month highs on concerns about global supply, but new U.S. tariffs and their expected effect on...
Ahead of its H1 2025 launch, the Africa Energy Bank – developed jointly by Afreximbank and the African Petroleum Producers Organization (APPO) – is positioning itself...
Trans Niger oil pipeline has been fully restored and is working normally, after it was ruptured by a blast last week, Renaissance spokesperson Tony Okonedo said....
Crude oil prices gained 1% on Monday as U.S. President Donald Trump said he will impose 25 per cent on countries that buy oil, gas from...
Adeayworld Energy Limited says it is partnering the National Agency for Science and Engineering Infrastructure on compressed natural gas kits manufacturing and distribution in Nigeria. In...
Dangote Refinery has halted selling petroleum products in naira; the company disclosed this in an official statement. The 650,000 barrels per day refinery said the decision...
Unconfirmed reports say there is another explosion at an oil facility in Ogba/Egbema/Ndoni Local Government Area of the Rivers State. A source in the area alleged...
Nigeria Security and Civil Defence Corps NSCDC said its Commandant General’s Special Intelligence Squad (CG’s SIS) has arrested 17 suspects for their alleged roles in renewed...
Arabel Holdings has announced the successful closure of Renaissance Africa Energy Holdings’ acquisition of Shell’s full equity position in the Shell Petroleum Development Company of Nigeria....
Brent crude oil hovered at $70 per barrel on Friday amidst fresh round of sanctions on Iranian oil exports by the United States. Following a bearish...