Oil futures rose on Monday, finding support as continued attacks by Ukraine on Russian energy facilities were estimated to have idled a…
Oil and Gas
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Oil and gas host communities in Rivers State have flayed oil firms operating in their areas for shunning a negotiation town hall…
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Nigeria needs to ensure that Shell safely dismantles its old infrastructure or pays to remove them from the Niger delta before its…
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UTM Offshore Limited Chief Executive Officer, Mr. Julius Rone, has said that African nations must work hard to attract foreign investors in…
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Oil prices rose on Friday and were set for weekly gains as markets awaited an OPEC+ decision on supply agreements for the…
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Federal government of Nigeria has said that it has made payments exceeding $120 million to gas suppliers out of a total debt…
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NewsOil and Gas
Indigenous oil coys must demonstrate technical capacity, financial strength, others to tap into divestment by IOC—NUPRC
Nigerian Upstream Regulatory Commission, NUPRC, has said that indigenous companies must demonstrate technical capacity, financial strength to tap into the opportunities offered…
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NewsOil and Gas
Rivers HOSTCOMS accuse pipeline surveillance contractor of complacency as oil theft rises higher
Some communities hosting Oil Mining Lease, OML 11, in Rivers and Abia states have decried upsurge in illegal oil bunkering activities in…
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NewsOil and Gas
Delta oil rich community threatens to shutdown Chevron’s Utonana oilfield over PIA board
Oil rich Kokodiagbene community, Warri south West local government area, Delta state has threatened to shutdown Chevron’s Utonana oil field if the…
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NewsOil and Gas
FBI takes top NNPC official to court for taking $2.1m bribes to help Addax Petroleum escape $2.4bn liability to Nigeria
A senior Nigerian National Petroleum Corporation official has been slammed with bribery and tax-related charges in the United States. A jury recently returned…
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Oil prices slipped a little on Monday amid speculation that stronger than expected inflation could delay cuts to high interest rates that…
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NewsOil and Gas
We’ve not stopped NNPCL tax credit scheme for funding critical infrastructure – FG clarifies
The Federal Government has said that it has not stopped the NNPCL’s tax credit scheme that is used for funding critical infrastructural…
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NewsOil and Gas
Oil Dips as demand outlook remains uncertain, Nigeria fuel tanker union begins strike
Oil prices fell on Tuesday, with an uncertain outlook for global demand knocking value off crude futures contracts, despite some risk premium…
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The Central Bank of Nigeria (CBN) has stopped international oil companies (IOCs) operating in Nigeria from immediately remitting 100% of their forex…
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Shell says it is working to extend the life of the Bonga Floating, Production, Storage, Offloading (FPSO) vessel for another 15 years…