Oil futures were slammed to 11-week lows on Friday, pushing the U.S. benchmark back below the $70-a-barrel threshold on Friday after the…
Oil and Gas
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Aiteo operator of OML 29, has reached an advanced stage to seal the ruptured wellhead at its Santa Barbara, Southwest field, in…
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NewsOil and Gas
Brent crude oil slips to $81.9 a barrel as U.S. plans to sell 32m bbls from strategic oil reserve
Oil prices slipped on Thursday, as investors eyed how major producers respond to the U.S.-led emergency oil release designed to cool the…
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The new set of militant group in Rivers State, Bayan-Men, have blown up another oil facility belonging to the Nigeria Agip Oil…
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Two weeks three days after the reported spill at the Santa Barbara Well 1 in Oil Mining Lease (OML) 29 operated by…
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Prices of the Brent and U.S. West Texas Intermediate (WTI) crude benchmarks fell more than $1 in early trading, hitting their lowest…
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NewsOil and Gas
New wave of oil production disruption emerges as militants blow up Agip facility over neglect, disregard to agreement
A new wave of disruption of oil facilities in Nigeria Delta reared its ugly head as a new set of militant group…
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Aiteo Exploration and Production has said that it can not own its own stop Nembe oil spill as it is seeking foreign…
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Bayelsa State Governor Douye Diri has expressed displeasure with AITEO Oil Exploration and Production Company over its failure to curtail the oil…
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Oil prices fell on Friday below $80 a barrel as surging COVID-19 cases in Europe threatened to slow the economic recovery while…
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African Export-Import Bank said it has signed a $1.04 billion facility with the Nigerian National Petroleum Corporation (NNPC) to finance the exploration…
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Oil prices fell on Wednesday after the International Energy Agency and the Organisation of the Petroleum Exporting Countries warned of impending oversupply…
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Ijaw Professionals Association, Homeland Chapter, has said that the crude oil spill on an AITEO well head in the Nembe Creek, Bayelsa…
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The Organisation of the Petroleum Exporting Countries (OPEC) says the delicate balance between reducing emissions, energy affordability and security requires comprehensive and…
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BusinessNewsOil and Gas
Looming petrol scarcity, NNPC to revert to Naira denominated invoices for coastal movement to prevent scarcity, sustain stability
NNPC Limited, Major Oil Marketers Association of Nigeria, MOMAN and other stakeholders, yesterday, adopted new measures to prevent petrol scarcity and maintain…