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...
Renewable Power Generation Costs report in 2021 has shown that almost two-thirds or 163 gigawatts, GW, of newly installed renewable power in 2021 had lower costs...
Global benchmark Brent crude tumbled to below $100 a barrel on Tuesday due to a stronger dollar, demand-sapping COVID-19 curbs in top crude importer China and...
South South Leader and former federal commissioner for information, Chief Edwin Clark has warned that the people of the Niger Delta region would resist any attempt...
African Export-Import Bank (Afreximbank) said it has executed a project preparation facility financing head of terms with UTM Offshore Limited (UTM), under which the Bank will...
Crude oil theft in Nigeria poses an existential threat to the country’s oil industry, the local head of Shell told an energy conference, adding this has...
Nigerian Upstream Petroleum Regulatory Commission (NUPRC), said the Petroleum Industry Act (PIA) had introduced incentives to grow reserves. This is coming at a time when global...
Participants at the ongoing 2022 Nigerian Oil and Gas (NOG) conference have expressed grief on the sudden death of Dr Mohammad Barkindo, the Secretary-General, Organisation of...
The National Assembly Joint Committee on Host Communities has again summoned the Minister of Environment, Mohammed Abdullahi, to present the status of the Ogoniland Cleanup Project....
Nigeria needs $800 billion worth of investments to deliver 3.5 million barrels of crude oil, 15Bcfd of natural gas. Group General Manager of the National Petroleum...