Aiteo operator of OML 29, has reached an advanced stage to seal the ruptured wellhead at its Santa Barbara, Southwest field, in the Nembe Creek of...
Oil prices slipped on Thursday, as investors eyed how major producers respond to the U.S.-led emergency oil release designed to cool the market and with OPEC...
The new set of militant group in Rivers State, Bayan-Men, have blown up another oil facility belonging to the Nigeria Agip Oil Company, NAOC, at Obosi...
Two weeks three days after the reported spill at the Santa Barbara Well 1 in Oil Mining Lease (OML) 29 operated by Aiteo Eastern Exploration and Production...
Prices of the Brent and U.S. West Texas Intermediate (WTI) crude benchmarks fell more than $1 in early trading, hitting their lowest levels since Oct. 1....
A new wave of disruption of oil facilities in Nigeria Delta reared its ugly head as a new set of militant group in the region under...
Aiteo Exploration and Production has said that it can not own its own stop Nembe oil spill as it is seeking foreign technical expertise to halt...
Bayelsa State Governor Douye Diri has expressed displeasure with AITEO Oil Exploration and Production Company over its failure to curtail the oil spill at Santa Barbra...
Oil prices fell on Friday below $80 a barrel as surging COVID-19 cases in Europe threatened to slow the economic recovery while investors also weighed a...
African Export-Import Bank said it has signed a $1.04 billion facility with the Nigerian National Petroleum Corporation (NNPC) to finance the exploration of petroleum. The agreement...
Oil prices fell on Wednesday after the International Energy Agency and the Organisation of the Petroleum Exporting Countries warned of impending oversupply and as COVID-19 cases...
Ijaw Professionals Association, Homeland Chapter, has said that the crude oil spill on an AITEO well head in the Nembe Creek, Bayelsa State is as massive...
The Organisation of the Petroleum Exporting Countries (OPEC) says the delicate balance between reducing emissions, energy affordability and security requires comprehensive and sustainable policies. The OPEC...
NNPC Limited, Major Oil Marketers Association of Nigeria, MOMAN and other stakeholders, yesterday, adopted new measures to prevent petrol scarcity and maintain stability in the downstream...
Brent crude oil price maintain a steady rise as it sold for $84.04 a barrel. Continue crude oil price increase is a double sward for Nigerians....