Oil and Gas

Group Managing Director, Nigerian National Petroleum Corporation (NNPC),  Dr Maikanti Baru, said the corporation had signed over three billion dollars oil and…

Oil prices rose on Wednesday, supported by a drop in U.S. commercial crude inventories and the loss of storage capacity in oil…

Global oil demand is set to stay strong in the second half of 2018, an OPEC technical panel forecast this week, suggesting…

The Transmission Company of Nigeria (TCN) has said that gas supply to generating stations had built up gradually after the Nigeria National…

Transmission Company of Nigeria (TCN) has shut down six thermal power generating stations to enable the Nigeria Gas Company (NGC) pipeline carry…

US President Donald Trump has accused the Organisation of Petroleum Exporting Countries(OPEC) of driving up oil prices, in a fresh swipe at…

Nigeria’s oil exports are expected to fall in July to just 1.43 million barrels per day (bpd), loading plans showed on Monday, the…

Vice President Professor Yemi Osinbajo has said that oil and gas are only guaranteed as today’s resources, and not necessarily tomorrow’s. Speaking at…

A Niger Delta group, under the aegis of Niger Delta Activist Forum, has threatened to shut down the Nigeria Agip Oil Company (NAOC)…

Minister of State for Petroleum Resources Mr. Ibe Kachikwu, has said that more gas resources have been found offshore Lagos. He also…

Nigerian National Petroleum Corporation (NNPC) has denied that it approved N36billion compensation to paid to Alesa-Eleme community in Rivers State as royalty…

Oil prices steadied on Wednesday after slipping prices on concerns that Saudi Arabia and Russia will pump more crude in response to…

Ladol, a logistics hub for the offshore oil industry in Lagos, Nigeria, is mulling a stock-market listing and corporate bonds to expand…

Exxon Mobil Corp evacuated non-essential workers from the Lena production platform in the Gulf of Mexico ahead of Subtropical Storm Alberto, the…

Oil prices fell more than $2 per barrel on Friday as Saudi Arabia and Russia discussed easing production cuts that have helped…