President Muhammadu Buhari has at last approved the acquisition of the entire share capital of Mobil Producing Nigeria Unlimited by Seplat Energy Offshore Limited. This fact...
UN Secretary General Antonio Guterres has called for oil and gas companies to face special taxes. His comments come as surging energy prices sparked by the...
The Nigerian Navy has handed over a vessel loaded with an unspecified quantity of diesel and five suspects to the Economic and Financial Crimes Commission (EFCC)....
Minister of State for Petroleum Resources, Chief Timipre Sylva said Nigeria is relying on its natural gas to achieve energy transition to cleaner energy and reduced...
Oil prices dropped sharply on Monday as weak manufacturing data in several countries weighed on the demand outlook while investors braced for this week’s meeting of...
Deputy Governor of Bayelsa State, Senator Lawrence Ewhrudjakpo, has said that the role of state governments had been deliberately undermined in the Petroleum Industry Act (PIA),...
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...