Oil bearing communities in the Niger Delta region are seeking joint action against the Petroleum Industry Act (PIA) saying it does not address issues of environmental...
South Africa will slash the pump price of fuel from the middle of next week, aiming to ease the burden on consumers of soaring energy prices...
ExxonMobil and Chevron both reported record massive profits thanks to record gasoline prices during the quarter. Exxon’s profit, excluding special items, came to $17.6 billion in...
Nigeria, Algeria and Niger have signed a memorandum of understanding to build a natural gas pipeline across the Sahara desert, Algeria’s energy minister Mohamed Arkab said...
Oil prices jumped more than $4 a barrel on Friday as attention turned to next week’s OPEC+ meeting and dimming expectations that the producer group will...
Ijaw Diaspora Council (IDC) has called for a another look at the Petroleum Industry Act to review the host community fund to 10 per cent and...
The Biden administration on Tuesday said it will sell an additional 20 million barrels of oil from the Strategic Petroleum Reserve as part of a previous...
SOME Ijaw leaders have urged the Federal High Court sitting in Yenagoa to cancel the June 29 marginal oil field licences granted by the Federal Government,...
Economic and Financial Crimes Commission Operatives has said that its operatives have arrested 24 Nigerians involved in illegal oil bunkering in Rivers State. The Commission said...
Brent crude futures for September settlement rose by $4.44, or 4.4%, to $105.60 a barrel, having gained 2.1% on Friday. The rising price of crude oil...
Germany’s largest importer of Russian gas, Uniper, has drawn on its 2 billion euros (or 2.03 billion dollars) credit facility from Germany’s state-owned KfW bank, the...
Oil prices gained 2.5% on Friday after a U.S. official told Reuters that an immediate Saudi oil output boost was not expected, and as investors question...
The Defence Headquarters says troops of Operation Delta Safe have discovered and destroyed 109 illegal refining sites and arrested 24 economic saboteurs within two weeks in...
Egypt’s government is subsidising diesel at a rate of about 55 billion Egyptian pounds ($2.92 billion) a year despite the first rise in the price of...
The upsurge in illegal bunkering and illegal crude oil refining camps popularly known as Kpofire in the Niger Delta has been attributed to the failure of the Federal...