Oil and Gas

Nigerian energy firm Forte Oil plans to enter into talks to sell its power unit to its major investor, billionaire Femi Otedola,…

Eko Refinery and Petrochemical Company has appealed to the Federal Government to support local refiners with sovereign guarantees loans for the completion…

Brent crude oil price fell to $60 a barrel at the future market which is just within the 2019 draft budget crude…

The Nigerian National Petroleum Corporation (NNPC) says the country earned 640.35 million dollars from the export of crude oil and gas for…

Britain’s richest man, billionaire Sir Jim Ratcliffe, has shrugged off fears of a paralysis of U.K. business by spending €3 billion to…

As it prepares to roll out in 2019, Dangote Oil Refining Company (DORC), has taken delivery of one of the major components…

Group Managing Director, Nigerian National Petroleum Corporation (NNPC), Dr Maikanti Baru, says non-compliance to regulations by operators in the oil and gas…

Crude oil prices rose by more than 1.5 per cent in the international market on expectation that talks in Beijing can resolve…

A Nigerian militant group said on Sunday it had carried out an as yet unconfirmed warning strike on an oil facility owned…

Oil cargoes departing from Nigeria to the United States fell to 103,000 bpd in December, 2018 down by 48,000 bpd, new data…

Nigeria’s daily crude oil production has recovered and  2.09million barrels in 2018, translating to a 9 per cent rise in production. This…

The Executive Secretary, Petroleum Products Pricing Regulatory Agency (PPPRA), Abdulkadir Saidu,  says the Federal Government has no plans to increases the price…

OPEC members and 10 other oil producing nations have agreed  to cut output by 1.2 million barrels a day in a bid…

Royal Dutch Shell has concluded that a Nigerian oilfield sale where it suspects an executive took bribes was not linked to a…

Oil prices fell along with weak stock markets on Thursday, but trading was tepid ahead of a meeting by the Organisation of…