Brent crude oil prices hit 2019 highs above $65 per barrel on Friday, spurred by OPEC-led supply cuts and a partial shutdown…
Category:
Oil and Gas
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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…
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Royal Dutch Shell said it posted $23.4 billion profit after tax for the financial year 2018. According to the oil company its…
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Nigeria is said to be flaring 888 standard cubit feet of gas daily. This it was learnt can generate 3,000 megawatts of…
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NewsOil and Gas
Stop operating in silos in building pipelines and gas plants Buhari tells African leaders
President Muhammadu Buhari has urged African oil and gas producing countries to stop operating in silos in building pipelines and gas plants.…
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Oil prices rose by more than one percent on Friday as turmoil in Venezuela triggered concerns that its oil exports could soon…
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Indications are that China’s crude oil import that have been driving rise in prices is set to fall as its economy has…
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Executive Director, Department of Petroleum Resources (DPR) Mr Mordecai Ladan, says the organisation generated N1.3 trillion as revenue and additional 200 million…
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French oil and energy group Total will formally approve a decision to proceed with the Ikike project in Nigeria in the coming…
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President Dangote Group of companies Alhaji Aliko Dangote has in France confirmed that his group will be focussing on export to foreign…
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Federal Government will soon start sourcing foreign exchange (forex) from Dangote Group, as soon as the latter’s refinery, petrochemicals and fertiliser projects…
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Foremost petroleum marketing company in Lagos, Nigeria, MOB Integrated Services Limited, is now the largest supplier of Liquefied Petroleum Gas (LPG) in…