Nigeria LNG Ltd’s plant is producing at up to 68% of its capacity due to theft of crude oil and vandalism of pipelines, among other problems,...
Nigeria’s oil minister Timipre Sylva has said that Nigeria would not abandon fossil fuels even as investment in oil and gas is dealing. He said this...
Information Minister Lai Mohammed has said that now is the wrong time to remove Nigeria’s costly fuel subsidy, noting that many other nations were introducing measures...
The 10,000 barrels per day (bpd) Duport Refinery promoted by the Nigerian Content Development and Monitoring Board (NCDMB) and Duport Midstream Company Limited (DMCL) is ready...
The Matrix Energy Exploration and Production Company Ltd., says it will replicate its positive performance in the downstream sector of the petroleum industry in its operations...
Oil prices gained for a fourth straight session on Wednesday as data showed a drawdown in U.S. crude stockpiles, adding to ongoing worries of tight supply,...
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...