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...
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...