Oil majors Eni and Royal Dutch Shell were aware that most of the money they spent to buy a Nigerian oilfield in 2011 would go in...
The Nigerian Content Development and Monitoring Board (NCDMB) has signed an equity investment agreement with Duport Midstream Company for the establishment of an Energy Park in...
The Nigerian National Petroleum Corporation (NNPC) has called on members of the public to discountenance reports of a possible fire outbreak from a vandalized point on...
Dare devil pirates attacked Addax oil production vessel off Nigeria and kidnapped nine Nigerian nationals, its owner BW Offshore said. The floating production, storage and offloading...
The Petroleum Products Pricing Regulatory Agency has announced a new price band of N140.80 to N143.80 per litre for Premium Motor Spirit, also known as petrol....
South African petrochemicals giant Sasol has said it would sell its indirect interest in the Escravos gas-to-liquids (EGTL) plant in Nigeria to Chevron for an undisclosed...
President Muhammadu Buhari has given his commitment to ensure timely delivery of the landmark Ajakuota-Kaduna-Kano (AKK) gas pipeline project just as Nigerian National Petroleum Corporation (NNPC),...
Department of Petroleum Resources DPR, has changed the way marginal oilfields are allocated to avoid legal problems that bedevilled a previous bidding round, the director of...
The Federal Government’s aspiration to boost domestic utilisation of gas in Nigeria will receive a boost tomorrow as President Muhammadu Buhari performs the Flag-off of the...
Oil prices slid for a second straight session on Monday as coronavirus cases rose in the United States and other places, leading some countries to resume...
The Petroleum Products Pricing Regulatory Agency (PPPRA) says it is no longer fixing the pump price of Premium Motor Spirit (PMS) also known as petrol for...
The Nigerian National Petroleum Corporation (NNPC) has said that 218.37billion Cubic Feet (BCF) of natural gas was produced in March 2020, translating to an average daily...
Britain’s supreme court will hear Nigerian farmers and fishermen appeal to pursue claims against oil major Shell over spills in the Niger Delta. The appeal re-opens...
Oil prices rose on Friday but pulled back sharply from early highs on concerns that continued spread of the novel coronavirus could stall the United States’...
The Egyptian Ministry of Petroleum and Mineral Resources said the country has found a new oil field in the shallow waters of Geisum concession south of...