The Nigerian Navy Ship (NNS) DELTA has handed over MT TECNE vessel to the officials of the Economic and Financial Crimes Commission (EFCC). The impounded vessel...
Russia, one of the world’s biggest oil producers, has faced shortages of fuel crucial for gathering the harvest in some parts of its southern breadbasket and...
Minister of State for Petroleum Resources (Gas), Rt. Hon. Ekperikpe Ekpo, has promised to work towards attracting investments into the gas sector in order to unlock...
The Joint Task Force Operation Delta Safe (OPDS), on Tuesday arrested an oil vessel MV Ofuoma and 10 crew members conveying alleged illegally refined petroleum products...
National Security Adviser (NSA), Malam Nuhu Ribadu, said the country is still losing 400,000 barrels of crude oil daily to local and international thieves despite efforts...
The Federal Government has disclosed that it is targeting to stop fuel importation in 2024, adding that the four oil refineries will be operational by the...
International monetary Fund has said that Fossil-fuel subsidies surged to a record $7 trillion last year as governments supported consumers and businesses during the global spike...
Oil prices dipped on Wednesday as demand woes stemming from a build in U.S. gasoline stocks and weak manufacturing data globally outweighed optimism around a larger-than-expected...
British police said on Tuesday they had charged former Nigerian oil minister Diezani Alison-Madueke with bribery offences. The police said they suspected she had accepted bribes...
A fresh oil spill on Trans-Niger pipeline in Bodo Community in Gokana Local Government Area of Rivers State has sparked worries in the area. It was...
Oil prices rose more than 1% on Thursday, after falling for three straight days, as U.S. gasoline stocks declined on strong travel demand and as China’s...
Nigeria is currently the only country in West Africa enjoying the cheapest and most affordable price of petrol, the Special Adviser to the President on Media...
Exports of Nigeria’s Forcados grade of crude oil resumed on Sunday, a Shell spokesperson said on Monday, roughly a month after loadings of the medium sweet...
Nigeria’s crude oil production dropped to 1,294,162 barrels per day in July 2023. This is according tofigures from the Nigerian Upstream Petroleum Regulatory Commission (NUPRC). The figure...
The tax reform committee set up by the federal government has recommended that VAT on diesel be suspended. This was proposed to offset petrol subsidy removal...