Oil rose toward $75 a barrel on Wednesday after data showed U.S. crude inventories fell more sharply than analysts had forecast, bringing…
Category:
Oil and Gas
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Oando Plc has entered into a settlement with the Securities and Exchange Commission (SEC) in the overriding interest of the shareholders of…
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Crude oil futures rebounded on Tuesday as market participants vied to take advantage of oil’s two-month low hit in the previous session.…
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Oil prices plunged more than $4 a barrel on Monday, headed for its worst day since March, after OPEC+ agreed to boost…
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The Organisation of Petroleum Exporting Countries and its allies known as OPEC+ have decided to adjust upwards their overall production by 0.4…
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Farming and fishing settlement of Yiba ama (formerly known as Oruma) in Ogbia Local Government Area of Bayelsa State has been reportedly…
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Following the report of the conference Committee on the Petroleum Industry Bill (Bill), the House of Representatives on Friday, in Abuja passed…
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NewsOil and Gas
Conference Committee adopts 3% as Equity Share for Host Communities, 30% for Frontier Basin Exploration
The Conference Committee of the Senate and the House of Representatives on a Bill for an Act to provide Legal, Governance, Regulatory…
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Shell Petroleum Development Company of Nigeria (SPDC) on Tuesday confirmed an oil leak at its facility in Ekeremor Local Government Area of…
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NewsOil and Gas
We can’t guarantee peace, security in the Niger Delta if equity share is not 10%, Clark, HOSTCOM
Pan-Niger Delta Forum (PANDEF), Chief Edwin Clark has again taken a swipe at the passed Petroleum Industry Bill, PIB by the National…
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Major Oil Marketers Association of Nigeria has challenged the Federal Government to create an environment that would make investors in the oil…
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The Nigerian National Petroleum Corporation (NNPC) has reiterated its commitment to ensuring effective stewardship of the nation’s hydrocarbon resources to guarantee energy…
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FinanceNewsOil and Gas
South West Governors, Senators, Reps insist on 5% for Host Communities in PIB
Governors of the South West geo- Political zone of the country met with with Senators and members of the House of Representatives from…
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EconomyNewsOil and Gas
Edwin Clark writes NASS, PIB is satanic, unjust, Embarrassing, fraudulent, provocative
Leader of the Pan-Niger Delta Forum (PANDEF), Chief Edwin Clark has described the newly passed Petroleum Industry Bill (PIB), ready for harmonisation…
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Deputy Managing Director, Deep water District TotalEnergies Mr Victor Bamidele has said that the company has invested over $60 billion in exploration…