Minister of State Petroleum (Oil), Heineken Lokpobiri, paid an unscheduled visit to some petrol stations in Yenagoa, the Bayelsa capital, on Saturday. The random visit was...
Crude oil rose 1% on Friday and was on track for a weekly gain, spurred by expectations of a stimulus-driven economic recovery in China, the world’s...
OIL marketers lifting the Premium Motor Spirit, PMS, also known as petrol from Dangote Petroleum Refinery, have slashed the price of the product by 11.8 per...
Nigeria’s oil minister has granted consent to Shell’s sale of $2.4 billion in assets to Renaissance Group, Renaissance said in a statement on Wednesday. Shell’s asset...
Nigerian Upstream Regulatory Commission, NUPRC, said plans have been concluded to hold a fresh oil bidding round in 2025. The Commission said the plan was targeted...
LEDCo Limited has announced its partnership with the Lagos State Government for the implementation of a landmark Solar Street Lighting Project. The new project will see the...
Nigerian Maritime Administration and Safety Agency (NIMASA) has said that it is actively monitoring the oil spill at SPDC Bonny Terminal from an emergency operations center....
Movement for the Survival of the Ogoni People (MOSOP) has raised some ethical questions over a Financial and Technical Services Agreement (FTSA) between Sahara Energy and...
House of Representatives has mandated the Nigeria Upstream Petroleum Regulatory Commission to provide details of all oil production, crude sales, and other activities in the upstream...
Operatives of the Nigerian Security and Civil Defense Corps, NSCDC, have bust a resident in Port Harcourt where oil thieves refine their stolen petroleum products. NSCDC...
Nigerians were on Wednesday plunged into darkness following another collapse of the national power grid. Since January 2024 till date, the grid has collapsed 11 times....
The OPEC Fund for International Development (OPEC Fund) has approved close to $1 billion in new development financing over the last quarter of 2024, including during...
The Dangote Petroleum Refinery and Petrochemicals FZE has sought to amend its suit against the Nigerian National Petroleum Company Limited (NNPCL) and others. The plea to...
Equinor has closed the planned sale of its assets in Nigeria and Azerbaijan for a total consideration of up to $2 billion, completing exits from the...
Nigerian Navy has deployed 15 warships and three helicopters for this year’s Chief of Naval Staff sea exercise aimed at curbing maritime threats and improving security in...