Oil prices rose nearly 2% to their highest in more than two years on Tuesday, buoyed by expectations demand will recover rapidly in the second half...
Italy’s justice ministry ordered an inquiry on Tuesday into the conduct of two prosecutors in a corruption case involving energy groups Eni and Shell in Nigeria....
Brent crude oil rose 34 cents to $73.03 a barrel on Monday. Earlier in the session, it reached $73.64 a barrel, its highest since April 2019....
Oil prices edged up to multi-year highs on Friday, heading for a third straight week of gains on the improved outlook for worldwide demand as rising...
Federal Government has signed shareholders agreement for the construction of Brass Petroleum Products Terminal Ltd (BPPT) to curb illegal refining and stabilise products price in the...
The Department of Petroleum Resources (DPR) says Nigeria’s proven natural gas reserve stood at 206.53 trillion cubic feet (tcf) as at Jan.1, 2021. Mr Sarki Auwalu,...
Poised to take full advantage of emerging opportunities in local content administration, key stakeholders and policy leaders in Africa’s Oil and Gas, and other related sectors,...
Brent crude oil price edged higher to $71.88 a barrel after the top U.S. diplomat said that even if the United States were to reach a...
The Nigerian National Petroleum Corporation (NNPC) says it remains committed to the promotion of sustainable environment across it operations, stressing that its energy transition programme and...
Oil rose nearly 1% on Wednesday, supported by a decision by OPEC and its allies to stick to its plan to gradually restore supply, along with...
Africa-focused Savannah Energy and Exxon Mobil Corp are in exclusive talks over the sale of Exxon’s interest in energy assets in Chad and Cameroon, the companies...
The Department of Petroleum Resources (DPR) says that 50 per cent of short listed companies for marginal field oil operations have been awarded letters in different...
The Nigerian National Petroleum Corporation has revealed that it is currently considering equity participation in a number of private refineries in the country in line with...
Oil prices rose by 1 percent early on Monday, driven by expectations that recovering demand with summer travel and reopening economies will easily accommodate the gradual...
The Minister of State for Petroleum Resources, Chief Timpre Sylva, has tasked the Nigerian Liquefied Natural Gas Limited (NLNG) to play a pivotal role in the...