U.S. President Donald Trump on Thursday called for the Organisation of the Petroleum Exporting Countries (OPEC) to boost oil production to lower…
Oil and Gas
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The Federal Government has set up a committee to harmonise oil and gas revenue and production data of government earnings from all…
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NewsOil and Gas
Nigeria aims to cut joint venture oil stake to 40% as NNPC issues 2019-2020 crude for product tender
Nigeria plans to cut its stake in joint venture oil assets with multinational oil companies to 40 percent this year, its budget…
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Oil prices inched up as a result of output cuts by OPEC and reports that the United States and China are close…
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The Nigeria Extractive Industries Transparency Initiative (NEITI) has said that Nigeria lost at least $16 billion in ten years due to non-review…
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Aiteo Eastern Exploration and Production Company (AEEPCo) has successfully quelled a fire in the vicinity of its Nembe Creek Well-7, thereby averting…
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Dutch prosecutors are preparing criminal charges against Royal Dutch Shell over its $1.3 billion acquisition of Nigerian offshore oilfield OPL 245 in…
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Indian Oil Corp, the country’s top refiner, has signed its first annual deal to buy U.S. oil, paying about $1.5 billion for…
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International Brent crude futures hit a high of $66.78 per barrel before easing to $66.65 per barrel rising by 0.6 per cent…
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The National Bureau of Statistics (NBS), said the average prices paid by consumers for kerosene and diesel increased in January 2019. The…
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Brent crude oil prices hit 2019 highs above $65 per barrel on Friday, spurred by OPEC-led supply cuts and a partial shutdown…
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The world’s top oil companies, the “oil majors” — US firms Chevron and ExxonMobil, Britain’s BP, Anglo-Dutch Royal Dutch Shell and…
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Total has announced a major oil and gas discovery in South Africa in the offshore Southern Outeniqua Basin which runs parallel to…
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Crude oil price fell below $62 a barrel following a report that showed a rise in U.S. crude inventories, just as concerns…
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Brent crude oil price has risen above the federal government of Nigeria 2019 budget benchmark of $60 per barrel. Brent crude traded…