Tony Elumelu has nopened up and how said former President Muhammadu Buhari and deceased chief of staff Abba Kyari rejected his company’s request to buy an...
The Organisation of Petroleum Exporting Countries, OPEC, has said supplies from Nigeria-based world’s largest single-train Dangote Refinery and Petrochemicals will put pressure on the performance of Europe’s...
Africa Energy Chambers has accused western Financial institution of practicing “financial apartheid by withdrawing support for the continent’s oil and gas sector. It said “in recent...
Minister of State for Petroleum Resources (Gas), Hon Ekperikpe Ekpo has described the Federal Government’s firm determination to develop the nation’s gas resources as the surest...
Oil prices rose 3% on Wednesday, bouncing back from multi-month lows, after data showed a bigger-than-expected draw in U.S. crude stockpiles, even as worries about weak...
Fitch Ratings has downgraded Dangote Industries Limited’s (DIL) credit rating to B+ and put it on ratings watch negative, citing concerns about its liquidity and ability...
Nigerian Upstream Petroleum Regulatory Commission, NUPRC, yesterday, said it is working to ensure collaboration with industry regulators and stakeholders to attract businesses in the sector amidst...
Nigeria’s oil output has been threatened as fire guts the Nigerian National Petroleum Company, NNPC, Akaso 4 facility in the Niger Delta. The facility operated by...
Oil prices climbed around $2 on Wednesday, rebounding from 7-week lows, as the killing of a Hamas leader in Iran ratcheted up tensions in the Middle...
Chairman of the Federal Inland Revenue Service (FIRS), Zach Adedeji, announced that the federal government will reduce monthly spending on petrol imports by a staggering $610...
Nigeria’s government gave approval for NNPC Ltd to sell crude directly to the Dangote refinery starting immediately, a cabinet member said just as fuel queues lengthened...
Dangote oil refinery is reselling cargoes of U.S. and Nigerian crude, four trade sources familiar with the matter said on Friday. Three of the sources said...
French major TotalEnergies announced the sale of its stake in 18 Oil Mining Licenses (OMLs) in Nigeria – the majority of which are onshore – to...
Oil prices edged up on Thursday after strong U.S. economic data stoked expectations for higher crude demand, but the gains were limited by concerns about lower...
The Nigerian Upstream Petroleum Regulatory Commission has inaugurated Metering Audit and Advance Cargo Declaration project teams to promote transparency and accountability in upstream oil and gas....