Oil and Gas

The Chairman, Commissioners of Finance Forum, Mr Mahmood Yunusa on Thursday said the Federation Accounts Allocation Committee (FAAC) has agreed to suspend…

Max Air on Thursday, began its domestic flight operations in Nigeria, landing a Boeing 737-300 aircraft with 29 passengers on board at…

Nigerian Liquified Natural Gas NLNG, has paid off the loan facility it took from its shareholders. As a result one of its…

Oil prices fell with Brent dropping by more than $1, after the United States said it would consider requests for waivers from…

U.S. President Donald Trump, who called on OPEC producers to reduce oil prices, has caused prices to rise through his tweets, Iranian OPEC…

The Deputy Managing Director (Deep Water) TOTAL Nigeria, Mr Musa Ahmadu-Kida has said that with the right policies, local content in Nigeria…

U.S. benchmark oil futures rallied, topping $70 a barrel for the first time in more than a month. News that the U.S.…

The Secretary-General of the Organisation of Petroleum Exporting Countries (OPEC), Mr Muhammad Barkindo, has dismissed suggestions that pressure by Mr Donald Trump,…

Nigeria Extractive Industries Transparency Initiative (NEITI) has cried out over to lopped sided sharing arrangement between the NNPC and oil major saying…

Oil price rose sharply after the Organisation of Petroleum Exporting Countries (OPEC) agreed a modest increase in oil production from next July.…

Group Managing Director, Nigerian National Petroleum Corporation (NNPC),  Dr Maikanti Baru, said the corporation had signed over three billion dollars oil and…

Oil prices rose on Wednesday, supported by a drop in U.S. commercial crude inventories and the loss of storage capacity in oil…

Global oil demand is set to stay strong in the second half of 2018, an OPEC technical panel forecast this week, suggesting…

The Transmission Company of Nigeria (TCN) has said that gas supply to generating stations had built up gradually after the Nigeria National…

Transmission Company of Nigeria (TCN) has shut down six thermal power generating stations to enable the Nigeria Gas Company (NGC) pipeline carry…