Oil prices fell on Tuesday, with an uncertain outlook for global demand knocking value off crude futures contracts, despite some risk premium from the Israel-Hamas conflict....
The Central Bank of Nigeria (CBN) has stopped international oil companies (IOCs) operating in Nigeria from immediately remitting 100% of their forex proceeds to their parent...
Shell says it is working to extend the life of the Bonga Floating, Production, Storage, Offloading (FPSO) vessel for another 15 years to handle more production...
Renewable energy investments in Africa are being hobbled by insufficient government loan guarantees, as the International Monetary Fund keeps a tight leash on country indebtedness, TotalEnergies...
Nigeria’s oil output has risen month-on-month, MoM to 1.43 million barrels per day, bpd in January 2024, from 1.34 million bpd recorded in December 2023, indicating...
A gas pipeline operated by the Nigeria Agip Oil has been reportedly hit by an explosion at Obagi Community, Ogba/Egbema/Ndoni Local Government Area of Rivers State....
Oil rose on Friday and heading for a weekly gain, as Middle East tensions and oil output disruptions caused by cold weather in the U.S., the...
The 6 Division, Nigerian Army said it has uncovered a 3 million litres of crude reservoirs used by oil thieves in Rivers State. The Army made...
Nigerian Upstream Petroleum Regulatory Commission, NUPRC said it has concluded plans to sell 12 deep offshore oil blocks in 2024 as part of measures targeted at...
Critical stakeholders in the Niger Delta have urged the Federal Government to legalise the shadow oil economy popularly called illegal artisanal refinery to create jobs for...
Shell, has reached an agreement with relevant stakeholders to sell its Nigerian onshore subsidiary, The Shell Petroleum Development Company of Nigeria Limited (SPDC) to Renaissance. Renaissance...
11 Plc, Conoil Pl, Ardova Plc, MRS Oil Nigeria Plc, OVH Energy Marketing Limited, Total Nigeria Plc and NNPC Retail are the seven oil marketers that...
Forum of Niger Delta Leaders and Critical Stakeholders have again called on President Bola Tinubu to release the backlog of un-remitted funds due to the Niger...
Nigeria National Petroleum Limited, NNPC Ltd is shopping for an operator for the Port Harcourt oil refinery in the Niger Delta, which is expected to begin...
Following the successful commencement of production of refined petroleum products by the Dangote Petroleum Refinery, President of Dangote Group, Aliko Dangote has expressed appreciation to President...