Exports of four main Nigerian crude oil grades in February are set to average about 657,000 barrels per day (bpd), according to preliminary programmes, down slightly...
Oil prices rose as much as 1% on Friday as tensions persisted in the Middle East following Houthi attacks on ships in the Red Sea, although...
Nigeria is off the hook for an $11 billion damages bill over a collapsed gas processing project that was procured by bribery after the award was...
Angola said on Thursday it would leave OPEC in a blow to the Saudi-led oil producer group that has sought in recent months to rally support...
Global oil benchmark Brent hovered above $80 a barrel on Wednesday amid jitters over global trade disruption and geopolitical tensions in the Middle East following attacks...
Nigeria’s new $19 billion Dangote oil refinery has received 1 million barrels of oil from Shell International Trading and Shipping, its second crude cargo this month,...
Operators of the Oza oil field, Decklar Resources Inc., and its co-venturer, Millenium Oil & Gas Company Limited have said that they have delivered a total...
Nigerian National Petroleum Company Ltd. (NNPC Ltd.) has signed a Memorandum of Understanding (MoU) with TotalEnergies for the adoption and deployment of a methane detection technology...
Oil rose nearly 2% on Monday as mounting attacks by the Iran-aligned Yemeni Houthi militant group on ships in the Red Sea disrupted maritime trade. A...
Oil prices rose on Thursday, extending the previous session’s gains, boosted by a weaker dollar and as the International Energy Agency (IEA) lifted its oil demand...
Oil fell 3% on Tuesday, with Brent crude hitting the lowest since June after U.S. consumer prices rose in November, offering more evidence that the Federal...
Oil benchmarks were on track for a seven-week decline on Friday, their first in half a decade, on worries about a supply surplus and weak Chinese...
In a major step towards boosting Nigeria’s domestic refining capacity and attaining energy security (self-sufficiency), Dangote Petroleum Refinery and Petrochemicals plant has purchased 1 million barrels...
President Bola Tinubu has appointed NCDMB governing council and management team. A statement issued by Chief Ajuri Ngelale Special Adviser to the President (Media & Publicity)...
An India oil company Fox Petroleum Group Board has struck an agreement to offer a credit facility funds of $2.5 billion per year over a consecutive...