Oil and Gas

Oil inches toward $49 a barrel  after fewer drilling rigs were added in the United States last week, helping ease concerns that…

Nigerian National Petroleum Corporation has asked the relevant authorities to hold the Department of Petroleum Resources accountable for the adulterated kerosene in…

  Crude oil price inched up one per cent as a result of a supply interruption in Nigeria which saw prices moving…

Chairman Capital Oil, Chief Ifeanyi Ubah has paid N2 billion to Nigerian Nation Petroleum Corporation as part refund for product diversion in…

OPEC said in its monthly report that oil production jumped in June and predicts that global demand for members crude supply will…

Federal Government has adopted a new programme that will result in significant reduction in gas flaring activities in the country. The government…

Nigeria crude that has been waiting for buyers in the high seas recorded some success as tender from Indian absorbed some of…

Nigerian crude for August loading is proving slow to find buyers amid rising supply, Reuters quoting oil trading sources has reported. The…

Nigerian National Petroleum Corporation, NNPC has accused Gencos of rejecting gas supply. Group Managing Director of the NNPC, Mr. Maikanti Baru, lamented…

Nigerian National Petroleum Corporation, NNPC has signed a $700 million agreement with First Exploration & Production and Schlumberger for the development of…

Nigerian Excess crude account has been described as one of the world’s most poorly governed fund according to a report by the…

PT Intim Perkasa Nigeria Limited, a subsidiary of PT Intim Perkasa, Indonesia, has shown interest in building a 10,000-barrel per day modular…

Nigerian National Petroleum Corporation, NNPC, said it has repaid its N450 billion indebtedness to the Federal Government. NNPC, in its April 2017 Monthly…

Oil on Tuesday marked its lowest finish since August, with prices sinking into bear-market territory as investors remained concerned that rising output…