Oil prices fell on Thursday, pressured by weaker U.S. gasoline demand data and reports of a United Nations draft resolution calling for a ceasefire in Gaza....
London-listed Savannah Energy has agreed to buyout its partners’ 49% stake in an oilfield in southern Nigeria for a total of $61.5 million, the company said...
Oil prices hit four-month highs on Tuesday after breaking above range-bound trading last week, but gains were capped by the prospect of rising exports from Russia...
Oil futures rose on Monday, finding support as continued attacks by Ukraine on Russian energy facilities were estimated to have idled a significant chunk of Russia’s...
Oil and gas host communities in Rivers State have flayed oil firms operating in their areas for shunning a negotiation town hall meeting organised by the...
Nigeria needs to ensure that Shell safely dismantles its old infrastructure or pays to remove them from the Niger delta before its exit, says a report...
UTM Offshore Limited Chief Executive Officer, Mr. Julius Rone, has said that African nations must work hard to attract foreign investors in oil and gas industry...
Oil prices rose on Friday and were set for weekly gains as markets awaited an OPEC+ decision on supply agreements for the second quarter while weighing...
Federal government of Nigeria has said that it has made payments exceeding $120 million to gas suppliers out of a total debt of $1.3 billion it...
Nigerian Upstream Regulatory Commission, NUPRC, has said that indigenous companies must demonstrate technical capacity, financial strength to tap into the opportunities offered by the divestment by...
Some communities hosting Oil Mining Lease, OML 11, in Rivers and Abia states have decried upsurge in illegal oil bunkering activities in their area, accusing a...
Oil rich Kokodiagbene community, Warri south West local government area, Delta state has threatened to shutdown Chevron’s Utonana oil field if the oil giant fails to...
A senior Nigerian National Petroleum Corporation official has been slammed with bribery and tax-related charges in the United States. A jury recently returned a three-count indictment against...
Oil prices slipped a little on Monday amid speculation that stronger than expected inflation could delay cuts to high interest rates that have been capping growth...
The Federal Government has said that it has not stopped the NNPCL’s tax credit scheme that is used for funding critical infrastructural projects in the country....