Saudi Arabia and other OPEC+ oil producers on Sunday announced voluntary cuts to their production amounting to around 1.15 million barrels per day in a surprise...
Oil prices rose by more than a dollar a barrel on Friday as supplies tightened in some parts of the world and U.S. inflation data indicated...
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) says it will partner Oil Trading and Logistics (OTL) Africa Downstream to sanitise and drive the country’s...
Nigeria’s Timipre Sylva has resigned as the country’s minister of state for petroleum to seek a new term as governor of oil-producing Bayelsa State in the...
Chad’s parliament on Wednesday approved a bill to nationalise oil assets and rights acquired last year by Savannah Energy from ExxonMobil’s affiliate, Esso Exploration and Production...
Nigerian Content Development and Monitoring Board (NCDMB) has challenged the oil companies to set aside a percentage of their annual budget to fund Research and Development...
The bears continued to dominate the local bourse as the benchmark index gave up 0.47% to close at 53,498.27 points. The market’s weak performance was driven...
The Special Investigative Panel on Oil Theft/Losses in Nigeria, has submitted its report to the National Security Adviser (NSA), retired Maj.-Gen. Babagana Monguno, in Abuja. The...
Oil prices rose on Monday after Iraq was forced to halt some of its crude exports from its semi-autonomous Kurdistan region and helped by steps to...
Stakeholders in the nation oil and gas industry will on Tuesday converge in Yenagoa, Bayelsa State capital for a tax awareness workshop based on provisions of...
Stakeholders in Nigeria’s midstream and downstream petroleum sectors have urged the Federal Government to outline strategies for a sustainable future in the downstream sector. The appeal...
Sapele community in Sapele Local Government Area, Delta State, are demanding the removal of the Chairman, Board of Directors, Seplat Energy PLC, Mr Basil Omiyi and...
Oil prices dropped to their lowest levels in 15 months on Monday before paring losses as the market digests concerns that risks in the global banking...
Prof. Olanrewaju Aladeitan, a professor of Energy and Natural Resources, University of Abuja has lauded the new oil and gas discoveries in Nigeria, which indicate that...
Oil prices fell in volatile trade on Friday, reversing earlier gains of more than $1 a barrel, as banking sector fears set crude on course for...