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....
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...