Agip Oil Company a subsidiary of Agip operating in Nigeria, has said that it is committed to the welfare of its host communities, promising that it...
Oil prices rose on Wednesday in volatile trading on concerns that the United States will not consider additional concessions to Iran in its response to a...
Oil prices jumped about $3 a barrel on Tuesday after Saudi Arabia floated the idea of OPEC+ output cuts to support prices in the case of...
Former General Manager, Planning and Business Development, Nigeria National Petroleum Company, NNPC Engineer Babajide Soyode in an interview with Arise TV monitored in Lagos has said...
Nigeria’s President Muhammadu Buhari expressed concern on Friday over large-scale crude oil theft, saying it was affecting the country’s revenues “enormously”. Nigeria lost $1 billion in...
Equatorial Guinea has detained an oil tanker capable of carrying 2 million barrels after it attempted to load in Nigeria without proper paperwork, both countries said...
Nigerian National Petroleum Company Limited (NNPC Ltd.) has at last launched anti ‘Crude Theft Monitoring Applications’ to curb oil theft and pipeline vandalism. The launch was...
Oil prices plunged around 2% on Friday, on expectations that supply disruptions in the U.S. Gulf of Mexico would be short-term, while recession fears clouded the...
Nigeria National Petroleum Corporation, NNPC, has said that it has executed fully termed agreements for the renegotiated PSCs on 12th August 2022. NNPC in a statement...
President Muhammadu Buhari has consented to the Nigerian Upstream Petroleum Regulatory Commission, NUPRC over ruling him and has thus reversed his earlier decision authorising Seplat Energy...
Oil prices rose more than $2 on Thursday after the International Energy Agency raised its oil demand growth forecast for this year as soaring natural gas...
Russian oil pipeline flows resumed to Central Europe on Wednesday, ending a six-day halt, after Hungarian group MOL paid transit fees owed to Ukraine, providing a...
Nigeria Agip Oil Company, NAOC’s toxic wastes dumped in Umu-EzeAkpor land in Mgbede Community, Ogba/Egbema/Ndoni Local Government Area of Rivers State is threatening the health and...
Minister of State for Petroleum Resources, Dr Timipre Sylva, has said that the country loses 400,000 barrels of crude daily via oil theft. Sylva said this...
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has affirmed that status quo remains in respect to ExxonMobil/Seplat Energy share acquisition. Mr Gbenga Komolafe, Commission Chief Executive...