Oil prices reversed early declines on Tuesday, supported by fears of tighter Russian and Iranian supply in the face of escalating Western sanctions. Brent crude futures...
Management of BUA Refinery and Petrochemicals says the refinery is scheduled for completion by 2025 year. It denied media reports that the refinery is about 90%...
Nigerian National Petroleum Company Limited says the Port Harcourt Refinery and Kaduna Refinery are undergoing a comprehensive overhaul designed to meet world-class standards. The company said...
Former President Olusegun Obasanjo has said that Shell turned his offer to them to mange Nigerian refineries on account of corruption which they did not want...
Oil prices rose about 2% on Thursday as investors returned for the first trading day of the new year with an optimistic eye on China’s economy...
Oil prices were set to end 2024 with a second-straight annual loss on Tuesday as the post-pandemic demand recovery stalled, China’s economy struggled, and non-OPEC producers...
Federal Government has raised production benchmark for crude from 1.8 million barrels per day to 3 million barrel for 2025 to boost the national economy. Minister...
NNPC has said it had resumed some operations at its Warri oil refinery after almost a decade of shutdowns, one of a string of long-running failures...
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....