Shell on Thursday reported a sharp fall in oil spilled as a result of sabotage in Nigeria’s oil-rich Delta in 2022 reflecting closure of operations for...
Oil rose on Thursday after a two-day decline as a weaker U.S. dollar, strike-disrupted fuel supply in France and a drop in U.S. crude inventories offset...
The Minister of Interior, Abuja has revoked the Work Permit, Visa, and Residence Permit of the Chief Executive Officer (CEO) of Seplat Energy PLC, Mr. Roger...
A group of bipartisan U.S. senators on Wednesday said they have reintroduced legislation to pressure the OPEC oil production group to stop making output cuts. The...
The non-operating Joint Venture (JV) partners of Oil Mining Lease (OML) 18 have appointed the NNPC Eighteen Operating Limited as operator of OML 18 to replace...
Exxon Mobil Corp hopes to get Nigerian government approval to allow the stalled sale of its shallow water oil production operations in the West African country,...
The Nigerian National Petroleum Company Limited has advised Nigerians against panic buying of petrol as it has adequate supply for now. It said it had about...
An explosion on a Nigerian oil pipeline owned by Shell killed at least 12 people, authorities at the scene said, while members of the affected community...
Oil prices rose by about 1% on Friday, recovering from an earlier slump after Reuters reported that the United Arab Emirates is not planning an exit...
Oil were largely unchanged on Wednesday as signs of ample supply, including growing U.S. crude inventories, countered hopes for higher demand arising from a jump in...
The Edo State Governor, Mr. Godwin Obaseki has said that the Edo Refinery in Ologbo, Ikpoba Okha Local Government Area of the state, is operating at...
Crude oil prices fell by $2 per barrel on Wednesday as investors grew more worried that recent economic data will encourage more aggressive interest rate hikes...
Tackling crude oil theft and sabotage remains a major concern of the Federal Government and those in charge must be accountable because, besides economic consequences, institutional...
President Muhammadu Buhari has urged the major contractors handling the Oloibiri Museum and Research Centre as well as the Local Content Conference Hotel to deliver both...
Oil prices edged higher on Monday, buoyed by optimism over Chinese demand, continued production curbs by major producers and Russia’s plans to rein in supply. Brent...