Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has struck a deal with producers to allow sales of crude to domestic refiners at market prices, ending a supply...
Residents of Olugboboro community in Southern Ijaw Local Government Area of Bayelsa State have cried out over a massive crude oil spill from a facility operated...
Global energy companies including Vitol, Africa Oil Corp. and ERHC Energy Inc. will showcase Africa’s premier energy sector opportunities at the Invest in African Energy reception...
NNPC is in talks for another oil-backed loan to boost its finances and allow investment in its business, its chief executive told Reuters, as pressure mounts...
The Nigerian Navy Ship (NNS) Delta has uncovered two illegal refining sites with 45,000 litres of products suspected to be stolen crude oil in the Warri...
Top oil exporter Saudi Arabia cut prices for all crude grades it sells to Asian customers for a second month in a row in August amid...
Multinational energy company TotalEnergies acts as a key contributor to economic growth and tax revenues in the markets in which it operates, extending beyond its core...
Amnesty International has raised the alarm concerning President Bola Tinubu’s administration hiring Shell consultants, Boston Consulting Group (BCG) and S&P Global to monitor the sale of...
Nigeria’s debt to petrol suppliers has surpassed $6 billion – doubling since early April as NNPC struggles to cover the gap between fixed pump prices and...
Nigerian state oil company NNPC Ltd is committed to reversing declining crude production and will replace partners that fail to fulfil their joint venture commitments on...
Dangote refinery is increasing gas oil exports to West Africa, taking market share from European refiners, according to traders and shipping data. The $20 billion refinery,...
Oil prices edged higher on Thursday on worries about supply disruption that were stoked by mounting geopolitical tensions in the Middle East and Europe, while an...
Dangote Refinery has said that it is operating normally after a fire at its effluent treatment plant. In a statement it said “Dangote Refinery contains minor...
Vice President, Oil and Gas at Dangote Industries Limited (DIL), Devakumar Edwin, has accused International Oil Companies (IOCs) in Nigeria of doing everything to frustrate the...
Aiteo Eastern Exploration and Production Company (AEEPCO), operator of the NNPC / Aiteo Joint Venture on OML 29, has resumed production after it shut down following...