Permanent Secretary, Ministry of Petroleum Resources, Mr Gabriel Aduda, says resilience and sustainability policies are crucial for the long-term success of energy companies operating in Africa.Aduda...
Group Chief Executive Officer, Nigerian National Petroleum Company Ltd. (NNPCL) Mr Mele Kyari, has called on African countries to take advantage of the implementation of the...
Nigerian Upstream Downstream Regulatory Commission (NUPRC) says the Federal Government has concluded plans to explore alternative funding models for development of the country’s oil and gas...
Nigerian Upstream Downstream Regulatory Commission (NUPRC) says the Federal Government has concluded plans to explore alternative funding models for development of the country’s oil and gas...
Oil prices gained about 2% on Friday after U.S. data showed crude output was declining while fuel demand was growing. Brent crude futures rose $1.16, or...
The Organisation of the Petroleum Exporting Countries (OPEC) has called on the International Energy Agency (IEA) not to further undermine the oil industry investments. OPEC Secretary-General,...
Environmental Rights Action/Friends of the Earth Nigeria (ERA/FoEN) has called for a transparent metering system to ascertain the actual volume of crude oil leaving every flow...
The Nigerian National Petroleum Company Limited (NNPC Ltd) says it has so far spent over 1.1 billion dollars on the ongoing construction of the Ajaokuta-Kaduna-Kano (AKK)...
Global diesel margins have slumped by about half since February, dragging on refiners’ profits, as Russian exports continue despite sanctions, helping output from China and India...
Oil dropped by $2 a barrel on Tuesday after two sessions of gains as jitters about the global economic outlook and a firmer dollar countered optimism...
Oil prices rose on Monday, reversing losses as investors grew optimistic that holiday travel in China would boost fuel demand in the world’s largest oil importer....
The Federal Government says it is considering how best to achieve subsidy removal without disrupting livelihoods in Nigeria. Amb. Gabriel Aduda, Permanent Secretary, Ministry of Petroleum...
Two international oil majors, Shell and Schlumberger and Nigeria’s Techno Oil Ltd. have clinched awards for excellence in service delivery to Africa’s largest economy, Nigeria. The...
Oil prices slid by roughly $2 a barrel to their lowest level in about three weeks on Thursday on fears of that a possible recession could...
Oil prices edges higher on Tuesday as upbeat economic data in No. 2 oil consumer China more than offset wider concerns that possible increases to U.S....