Oil prices advanced on Friday and were heading for the second week of gains amid growing confidence that demand for fuel is starting to pick up....
Ascon Oil Company Ltd has denied a claim by Stanbic IBTC Bank PLC that it retook possession of its petrol station at Block 36, Admiralty Way,...
World oil demand will fall more steeply in 2020 than previously forecast due to the coronavirus and there are doubts about next year’s recovery, OPEC forecast...
The Nigerian National Petroleum Corporation (NNPC) has restated its commitment to working with relevant partners and stakeholders in the Oil and Gas Sector to boost delivery...
Ascon Oil Company Ltd has recovered its fuel retail station at Block 36, Admiralty Way, Lekki Phase 1, Lagos purportedly sold by Stanbic IBTC Bank. It was gathered that the prime property with a market value of...
Petroleum Tanker Drivers in Lagos State have withdrawn their services as directed by the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) beginning from Aug. 10....
In its bid to meet the target of revving up production to 3million barrels per day and unlock gas revenues to the tune of about $225...
The Nigerian National Petroleum Corporation (NNPC), said it has signed a Head of terms (HoT) agreement with China National Offshore Oil Corporation(CNOOC) and an indigenous oil...
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has directed its members to sell petrol at the old rate of N143 per litre, pending the new...
The Nigerian National Petroleum Corporation (NNPC) has recorded an encouraging 43 per cent drop in cases of willful damage of its oil pipeline infrastructure by suspected...
The Edo Modular and Refinery Company Limited and AIPCC Energy are on the verge of completing the 5500bpd Edo Modular Refinery. The project, sited at Ologbo...
OPEC oil output has risen by over 1 million barrels per day (bpd) in July as Saudi Arabia and other Gulf members ended their voluntary extra...
Federal Government has embarked on industry-wide cost-containment measures to strengthen the oil and gas sector in order to cushion the effect of COVID-19 pandemic on the...
Stakeholders in the oil and gas sector have called for proactive fiscal policy in the petroleum industry to fast track investment and infrastructure development in the...
Italian prosecutors have asked for oil majors Eni and Shell to be fined and some of their present and former executives, including Eni CEO Claudio Descalzi,...