Ijaw leaders have urged the Minister of Petroleum Resources to respect a substituting order of the Federal High Court sitting in Yenagoa on the ongoing marginal...
Nigeria will issue prospecting licences on Tuesday to companies that won rights to develop marginal oilfields, the petroleum industry regulator said on Saturday, some two years...
A member of the House of Representatives from Bayelsa State, Hon Preye Oseke, representing Southern Ijaw Federal Constituency, has written a reminder to Eni Group, the...
Chairman, Skymark Energy and Power Ltd, Mr Muhammad Saleh-Hassan, has urged oil marketers and other stakeholders in the energy sector, to cooperate with the Federal Government...
Senate has begun probe into the the non-compliance with the Petroleum Act and the Oil Mining Lease granted to SPDC between 1959 to 1989, and 1989 to...
Oil prices tumbled about 3% on Wednesday as investors worried that rate hikes by the Federal Reserve could push the U.S. economy into recession, dampening demand...
Fuel queues on Monday resurfaced in most parts of Lagos State following the decision of some members of the Independent Petroleum Marketers Association of Nigeria (IPMAN)...
President Muhammadu Buhari led administration has approved the upward review in freight rate for transporters to alleviate the challenges associated with the distribution of Premium Motor...
The European Bank for Reconstruction and Development (EBRD) has said that it will lend up to €300 million to help Ukraine’s gas company Naftogas (NAK) compensate...
Secretary-General, Organisation of the Petroleum Exporting Countries (OPEC) Dr Mohammad Barkindo, says it has never wavered from its core values in spite of the challenges in...
The price of U.S. gasoline averaged more than $5 a gallon for the first time on Saturday, data from the AAA showed, extending a surge in...
The price of the Organisation of the Petroleum Exporting Countries (OPEC) basket of 13 crude oil samples stood at $121.54 per barrel as of Wednesday. This...
Oil prices rose about 2% to a 13-week high as U.S. demand for gasoline has kept rising despite record pump prices, on expectations China’s oil demand...
Commissioner for Insurance / CEO Thomas O S has said that the Federal Government’s drive towards enhancing local content speaks to the long-term plan burn out...
Russia is ramping up oil exports from its major eastern port of Kozmino by about a fifth, aiming to meet surging demand from Asian buyers and...