Oil and Gas

President Goodluck Jonathan has assured Nigerians that there would not be cover-up for any misdeed revealed in the reports of audit exercises…

Vice President Namadi Sambo on Friday assured that most power plants projects of the National Integrated Power Project (NIPP) would be ready…

The United States will overtake Saudi Arabia and Russia as the world’s top oil producer by 2017, the West’s energy agency said…

China’s Sinopec is close to buying stakes in Nigerian onshore oil blocks from French oil major Total worth about $2.4 billion. Asia’s…

Oil trader Vitol has won a tender to supply Indian Oil Corporation with at least three million barrels of West African crude…

BY OMOH GABRIEL THE International Monetary Fund, IMF, yesterday, cautioned Nigeria against expansionary fiscal policies, given the uncertainty that still pervades the…

Royal Dutch Shell expects to lift a force majeure on two grades of Nigerian crude oil by the end of November, a…

Nigeria is concerned that oil and gas prices could fall as more countries uncover reserves and sees the need to make plans…

Nigeria has lost at least a fifth of its oil output in recent weeks due to severe flooding and oil theft, government…

Nigeria lost out on tens of billions of dollars in oil and gas revenues over the last decade from cut price deals…

France’s Total has declared force majeure on gas supplies to Nigeria LNG’s liquefication plant, the company said. It said it had stopped…

Royal Dutch Shell cannot yet say when a force majeure on two grades of Nigerian crude oil will be lifted, after production…

Nigeria will hold its first oil exploration bidding round for five years by the end of this year, while licence renewal talks…

The Tax Appeal Tribunal (TAT) in Abuja has ordered Oando Plc to pay N72.92 million as tax liabilities to the Federal Inland…