Oil and Gas

Oil prices inched up as a result of output cuts by OPEC and reports that the United States and China are close…

The Nigeria Extractive Industries Transparency Initiative (NEITI) has said that Nigeria lost at least $16 billion in ten years due to non-review…

Aiteo Eastern Exploration and Production Company (AEEPCo) has successfully quelled a fire in the vicinity of its Nembe Creek Well-7, thereby averting…

Dutch prosecutors are preparing criminal charges against Royal Dutch Shell over its $1.3 billion acquisition of Nigerian offshore oilfield OPL 245 in…

Indian Oil Corp, the country’s top refiner, has signed its first annual deal to buy U.S. oil, paying about $1.5 billion for…

International Brent crude futures hit a high of $66.78 per barrel before easing to $66.65 per barrel rising by 0.6 per cent…

The National Bureau of Statistics (NBS), said the average prices paid by consumers for kerosene and diesel increased in January 2019. The…

Brent crude oil prices hit 2019 highs above $65 per barrel on Friday, spurred by OPEC-led supply cuts and a partial shutdown…

  The world’s top oil companies, the “oil majors” — US firms Chevron and ExxonMobil, Britain’s BP, Anglo-Dutch Royal Dutch Shell and…

Total has announced a major oil and gas discovery in South Africa in the offshore Southern Outeniqua Basin which runs parallel to…

Crude oil price fell below $62 a barrel following a report that showed a rise in U.S. crude inventories, just as concerns…

Brent crude oil price has risen above the federal government of Nigeria 2019 budget benchmark of $60 per barrel. Brent crude traded…

Royal Dutch Shell said it posted $23.4 billion profit after tax for the financial year 2018. According to the oil company its…

Nigeria is said to be flaring 888 standard cubit feet of gas daily. This it was learnt can generate 3,000 megawatts of…

President Muhammadu Buhari has urged African oil and gas producing countries to stop operating in silos in building pipelines and gas plants.…