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....
Exxon Mobil Corp. in Nigeria declared force majeure on oil liftings from different terminals in the country following industrial action by the company’s in-house workers union,...
The Group of Seven rich nations on Sunday set big new collective targets for solar power and offshore wind capacity, agreeing to speed up renewable energy...
National Biotechnology Development Agency (NABDA), Rahad Global Investment Ltd and NNPC Energy Services Ltd have signed a tripartite Memorandum of Understanding (MoU) and Memorandum of Agreement...
Oil prices rose more than 1% on Tuesday with support from a weaker dollar and hopes that the Federal Reserve might ease up on its policy...
Ijaw Youth Council (IYC) worldwide, has threatened to occupy all Shell Petroleum Development Company (SPDC) facilities in the Niger Delta region to protest its alleged violation...
The Nigerian Independent Petroleum Company (NIPCO), says it has intensified investment in gas infrastructure to aid diversification and Nigeria’s energy transition. Mr Suresh Kumar, Managing Director,...
The Society of Petroleum Engineers (SPE), Nigeria Council says in view of energy transition, Nigeria needs to effectively harness potential of gas resources to ensure energy...
Nigerian National Petroleum Company Limited (NNPC Ltd), says it plans to deepen relationship with the Industry, Governments, Research Institutions and the Academia to strengthen its Renewable...
Minister of Finance, Budget and National Planning, Zainab Ahmed, has said that the Federal Government has received $800 million from the World Bank to provide palliatives...