Oil prices dropped about 8% on Monday to the lowest in two weeks, as diplomatic efforts between Ukraine and Russia looked like they might end their...
Natives of Lasukugbene in Southern Ijaw Local Government Area of Bayelsa State have lamented the adverse impact of crude oil leak from an oil facility owned...
Apparently worried by unending inquiries by its happy investors and stakeholders who barely a week ago welcomed its share deal with ExxonMobil, Seplat Energy on Monday...
Shell has pledged to stop buying oil from Russia as it apologised for its purchase of cheap Russian crude at the weekend. The energy giant also...
African Chamber Chamber of Energy (AEC) has projected $30 billion capital spending within Africa’s oil and gas industry in 2022. According to the organisation’s first quarter...
Governor Muhammadu Inuwa Yahaya assured that his administration will not relent in pushing for the actualisation of exploitation of the already discovered oil in Kolmani area...
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....