Oil and Gas

A U.S. judge has rejected Exxon Mobil Corp’s and Royal Dutch Shell Plc’s effort to revive a $1.8 billion arbitration award against…

The Group Managing Director of the Nigeria National Petroleum Corporation (NNPC)  Malam Mele Kyari has reiterated his commitment  to ensuring transparency  and…

Edo Governor,  Godwin Obaseki said the nation lost about 22 million barrels of its crude oil production to oil theft between January…

Malam Mele Kyari, the Group Managing Director (GMD), Nigerian National Petroleum Corporation (NNPC) says the corporation has begun repair of its damaged…

Edo Governor, Godwin Obaseki said the nation lost about 22 million barrels of its crude oil production to oil theft between January…

U.S. President Donald Trump on Thursday called for the Organisation of the Petroleum Exporting Countries (OPEC) to boost oil production to lower…

The Federal Government has set up a committee to harmonise oil and gas revenue and production data of government earnings from all…

Oil prices inched up as a result of output cuts by OPEC and reports that the United States and China are close…

The Nigeria Extractive Industries Transparency Initiative (NEITI) has said that Nigeria lost at least $16 billion in ten years due to non-review…

Aiteo Eastern Exploration and Production Company (AEEPCo) has successfully quelled a fire in the vicinity of its Nembe Creek Well-7, thereby averting…

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…

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…

The National Bureau of Statistics (NBS), said the average prices paid by consumers for kerosene and diesel increased in January 2019. The…