The European Union plans to stop funding new oil and gas pipelines in future, as it switches the focus to promoting energy sources that are less...
Men of Nigerian Navy Ship, NNS Soroh said it they have seized a vessel used for oil theft and arrested 22 suspects in Akassa, Brass Local...
Italian prosecutors are set to ask for a case against Eni and its head over alleged obstruction of justice in corruption cases in Nigeria and Algeria...
The Organisation of Petroleum Exporting Countries (OPEC) says that investments of 11.8 trillion dollars will be required between 2021 and 2045 in the upstream, midstream and...
AITEO Eastern Exploration and Production Company (AEEPCO) staffers were in jubilant mood as they succeeded in shutting down the spewing Santa Barbara wellhead in the Nembe...
As controversy over the ownership Atala marginal oil field OML 46, rages between Hardy Oil Nigeria Limited and Halkin Exploration and Production Ltd the latter has ...
Senate has urged the federal government to through its oil and gas regulatory agencies penalise indigenous oil companies responsible for the devastation of host communities where they operate. ...
Senate has said that the Management of Petroleum Equalisation Fund (PEF) placed N34 billion in Fixed deposit account without remitting the entire accrued interest of N182...
The Organisation of the Petroleum Exporting Countries (OPEC) says World oil demand growth in 2021 now stands at 5.7 mb/d. According to OPEC, this reflects slower...
Douye Diri Governor of Bayelsa State has described the raging crude oil spill in the Nembe creek of the state as the worst he had witnessed...
Economic and Financial Crimes Commission, EFCC, Port Harcourt Zonal Command said its operatives have arrested 18 suspected illegal oil bunkerers in Rivers State. Wilson Uwujaren, the...
Nigeria has saved N3.5 trillion as it achieves 42 per cent local content in $20.4 billion oil and gas projects. Executive Secretary, Nigeria Content Development and...
Brent crude futures fell $2.62, or 3.6%, to $70.82 a barrel after hitting an intraday low of $70.22, their lowest since August. U.S. West Texas Intermediate...
Oando has notified Nigerian Exchange Ltd., NGX, of the acquisition of Dahiru Mangal’s stake in the company by Leaf Investment & Realtors Ltd. The disclosure was...
Oil futures were slammed to 11-week lows on Friday, pushing the U.S. benchmark back below the $70-a-barrel threshold on Friday after the discovery in South Africa...