Oil and Gas

Oil prices reversed early declines on Tuesday, supported by fears of tighter Russian and Iranian supply in the face of escalating Western…

Management of BUA Refinery and Petrochemicals says the refinery is scheduled for completion by 2025 year. It denied media reports that the…

Nigerian National Petroleum Company Limited says the Port Harcourt Refinery and Kaduna Refinery are undergoing a comprehensive overhaul designed to meet world-class…

Former President Olusegun Obasanjo has said that Shell turned his offer to them to mange Nigerian refineries on account of corruption which…

Oil prices rose about 2% on Thursday as investors returned for the first trading day of the new year with an optimistic…

Oil prices were set to end 2024 with a second-straight annual loss on Tuesday as the post-pandemic demand recovery stalled, China’s economy…

Federal Government has raised production benchmark for crude from 1.8 million barrels per day to 3 million barrel for 2025 to boost…

NNPC has said it had resumed some operations at its Warri oil refinery after almost a decade of shutdowns, one of a…

Minister of State Petroleum (Oil), Heineken Lokpobiri, paid an unscheduled visit to some petrol stations in Yenagoa, the Bayelsa capital, on Saturday.…

Crude oil rose 1% on Friday and was on track for a weekly gain, spurred by expectations of a stimulus-driven economic recovery…

OIL marketers lifting the Premium Motor Spirit, PMS, also known as petrol from Dangote Petroleum Refinery, have slashed the price of the…

Nigeria’s oil minister has granted consent to Shell’s sale of $2.4 billion in assets to Renaissance Group, Renaissance said in a statement…

Nigerian Upstream Regulatory Commission, NUPRC, said plans have been concluded to hold a fresh oil bidding round in 2025. The Commission said…

LEDCo Limited has announced its partnership with the Lagos State Government for the implementation of a landmark Solar Street Lighting Project. The new…

Nigerian Maritime Administration and Safety Agency (NIMASA) has said that it is actively monitoring the oil spill at SPDC Bonny Terminal from…