Crude-oil prices plunged in early Friday trade in New York, with the contract headed for its seventh-straight weekly fall as investors increasingly…
Oil and Gas
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The NNPC says it is devising new ways to attract more funding for operators in Nigeria’s oil and gas industry to launch…
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Russia is planning to sign a partnership agreement with Organisation of Petroleum Exporting Countries (OPEC), Energy Minister Alexander Novak said on Monday.…
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Oil marketers have again resurrected the supposedly closed subsidy as they have appealed to Federal Government to effect quick payment of its…
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Oil rose on Friday on hopes that supply cuts will be agreed at OPEC’s meeting on Dec. 6, but failed to recoup…
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A probe by the Senate into whether NNPC improperly withdrew money has expanded with the amount under investigation doubling to over $2.2…
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Brent crude Oil prices has slipped on rising supply and weakening demand. This however is not cheering news for oil exporters such as…
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Nigeria will increase its oil production to 1.8 million barrels per day in 2019 and raise condensate production to 0.5 million bpd,…
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(Reuters) – Natural gas is expected to overtake coal as the world’s second largest energy source after oil by 2030 due to…
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Oil prices rose by about one per cent after top exporter, Saudi Arabia, announced a cut in supply for December. International benchmark…
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Coming on the heels of its heralded celebration of two decades of operations, Rainoil Limited was last week conferred the 2018 Merit…
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Senate President, Dr. Abubakar Bukola Saraki, has said that the Senate on resumption of plenary will further probe the claims by the…
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The Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA) Dr. Dakuku Peterside has stated that the Agency will enforce…
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(Reuters) – Nigeria National Petroleum Corporation NNPC said that it had signed a crude-for-product deal with BP for the next six months…
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Nigerian National Petroleum Corporation (NNPC) said in Abuja that its operation for the month of June recorded N7.15 billion as trading surplus,…