Oil prices dropped about 8% on Monday to the lowest in two weeks, as diplomatic efforts between Ukraine and Russia looked like…
Oil and Gas
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Natives of Lasukugbene in Southern Ijaw Local Government Area of Bayelsa State have lamented the adverse impact of crude oil leak from…
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Apparently worried by unending inquiries by its happy investors and stakeholders who barely a week ago welcomed its share deal with ExxonMobil,…
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Shell has pledged to stop buying oil from Russia as it apologised for its purchase of cheap Russian crude at the weekend.…
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NewsOil and Gas
Africa Chamber of Energy projects $30bn capital expenditure in oil, gas in Africa in 2022
African Chamber Chamber of Energy (AEC) has projected $30 billion capital spending within Africa’s oil and gas industry in 2022. According to…
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Governor Muhammadu Inuwa Yahaya assured that his administration will not relent in pushing for the actualisation of exploitation of the already discovered…
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The Edo State Government has embarked on a recertification exercise for petrol and gas stations in Benin City, with the aim of…
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Host Communities Producing Oil and Gas (HOSTCOM) have highlighted grey areas affecting their interests in the Petroleum Industry Act PIA, for which…
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Brent futures rose $4.11, or 3.7 per cent, to $114.57 a barrel while U.S. West Texas Intermediate crude rose $4.34, or 4.0%,…
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Oil steadied after hitting prices not seen in roughly a decade on Thursday, as sellers jumped in on hopes that the United…
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Seplat Energy Plc on February 25 announced an agreement to acquire the entire share capital of Mobil Producing Nigeria Unlimited (MPNU), a…
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Chinese technology company, Hauwei Technologies on Tuesday said it had developed an intelligent pipeline monitoring system to help tackle crude oil theft…
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The United States vowed on Tuesday to release 30 million barrels of oil as part of a global 60 million barrel pledge…
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Nigeria governors have kicked against a proposed electricity bill they perceived will be injurious to states in the country just as the…
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Oil prices slipped on Friday after sharp rises earlier in the session on concern over potential global supply disruptions from sanctions on…