The Edo State Government has embarked on a recertification exercise for petrol and gas stations in Benin City, with the aim of ensuring that operators possess...
Host Communities Producing Oil and Gas (HOSTCOM) have highlighted grey areas affecting their interests in the Petroleum Industry Act PIA, for which they want amended. Ahead...
Brent futures rose $4.11, or 3.7 per cent, to $114.57 a barrel while U.S. West Texas Intermediate crude rose $4.34, or 4.0%, to $112.01. This is...
Oil steadied after hitting prices not seen in roughly a decade on Thursday, as sellers jumped in on hopes that the United States and Iran will...
Seplat Energy Plc on February 25 announced an agreement to acquire the entire share capital of Mobil Producing Nigeria Unlimited (MPNU), a subsidiary of ExxonMobil. In...
Chinese technology company, Hauwei Technologies on Tuesday said it had developed an intelligent pipeline monitoring system to help tackle crude oil theft in Nigeria. Mr Li...
The United States vowed on Tuesday to release 30 million barrels of oil as part of a global 60 million barrel pledge in an effort to...
Nigeria governors have kicked against a proposed electricity bill they perceived will be injurious to states in the country just as the Minister of Power Engr....
Oil prices slipped on Friday after sharp rises earlier in the session on concern over potential global supply disruptions from sanctions on major crude exporter Russia....
Brent crude price has soared to $104 dollar a barrel following Russia invasion of Ukraine. April Brent crude, the global benchmark, traded $7.31, or 7.6%, higher...
The Nigerian Army has asked the Presidential Amnesty Programme, PAP, for intervention to end illegal oil bunkering in the Niger Delta region. The General Officer Commanding 6 Division,...
The ongoing Edo Technology and Innovation Expo has continued to showcase the innovative potentials of researchers in Edo State, with inventors thrilling participants with their ingenious...
Senate has approved the nominations of five Executive Director-nominees of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA). Their confirmation is coming on the heels of...
(Reuters) -Oil rose to its highest since 2014 on Tuesday after Moscow ordered troops into two breakaway regions in eastern Ukraine, tempered by a declaration from...
Oil prices have higher to go, and they will stay there for an extended period of time, says the chief executive of Vitol, Russell Hardy. “The...