Oil and Gas

Global oil demand is projected to reach 120.1 million barrels per day by 2050, while energy demand will rise 24 per cent…

Nigerian multinational energy company Oando is targeting a production of 100,000 barrels per day (bpd) by 2028, following its landmark acquisition of…

Oil prices turned positive on Wednesday after falling by more than $2, despite U.S. crude stocks rising by more than expected, according…

Oil prices edged up about 1% to a one-week high on Tuesday ahead of what is expected to be an exceptionally close…

Pinnacle Oil and Gas Limited, a major operator in Nigeria’s downstream sector, has denied blending substandard petroleum products. In a press release,…

Rivers State Government has dismissed reports that the governor of the state, Sir Siminialayi Fubara, has shut down the office of the…

The Special Adviser to the President on Energy, Olu Verheijen, has expressed confidence in the ability and commitment of the Nigerian Upstream…

Oil prices rebounded on Wednesday, rising more than 2% after data showed U.S. crude and gasoline inventories fell unexpectedly last week and…

Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), said Nigeria’s refining sector has expanded following the issuance of nine Licenses to Establish…

World Bank Group has said in its latest Commodity Markets Outlook that “global commodity prices are set to tumble to a five-year…

Nigeria has blocked Shell’s sale of its entire onshore and shallow-water oil operations, but approved a similar deal by Exxon Mobil, Nigeria…

Nigeria’s oil regulator has rejected Shell’s proposed $1.3 billion sale of its onshore oilfields to Renaissance group because the buyer is not…

The House of Representatives has called on the federal government to reverse the recently increased prices of premium motor spirit otherwise known…

Oil prices fell early on Tuesday morning as fears faded of Israel striking Iranian oil facilities and traders refocused on growing demand…

The Organisation of the Petroleum Exporting Countries on Monday cut its forecast for growth in oil demand for this year and 2025.…