NNPC Ltd is said to be owing around $3 billion to fuel traders for imported petrol, three sources told Reuters, as the tumbling Naira currency and...
Brent crude the equivalent of Nigeria’s sweet crude rose more than $1 a barrel on Friday as markets watched for a possible direct conflict between Israel...
The Edo Refinery has received a total of 15,000 barrels of crude oil in 2024 for production from the Oza Oil Field operated by Decklar Resources...
As energy needs surge, global attitudes towards fossil fuels sour, and renewable energy grows increasingly popular, nuclear energy will play a critical role in resolving the...
Crude prices edged up about 1% to a five-month high on Monday on expectations oil demand will climb following the release of positive economic news from...
Nigeria’s giant Dangote oil refinery could bring to an end a decades-long gasoline trade from Europe to Africa worth $17 billion a year, heaping pressure on...
The Edo State Government has said it has set up Edo Green Energy Limited to be run as a private sector-facing entity which will engage in...
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...