Oil prices steadied on Thursday after dropping to near 15-month lows earlier in the session, supported by reports that top producers Saudi Arabia and Russia met...
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC), says it is planning a production based lending engagement to assist the 2020 Marginal Field Bid Round licences awardees...
Human Right group and good governance advocacy group under the aegis of Make A Difference Initiative, MADI has called on the Federal government to as a...
Leadership of Artisanal Refineries operators in the six states of the Niger Delta region has sent a letter to President Muhammadu Buhari, over the allege neglect...
The African Export-Import Bank (Afreximbank) is in advanced discussions with Senegal’s sole oil refiner to help raise $500 million in syndicated finance a further upgrade of...
Oil prices edged slightly higher on Friday after better-than-expected U.S. employment data though both benchmarks remained on course to fall more than 4% on the week...
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...