Oil and Gas

Qatar has resolved to leave OPEC from January 2019 but would attend the oil exporter group’s meeting this week. The decision meant…

The International Energy Agency (IEA) predicts that by 2035, developing nations will constitute 80% of total global energy production and consumption alike.…

Oil marketers have in Lagos gave the Federal Government seven-day ultimatum to settle outstanding debts totalling N800 billion, failing which depots would…

Saudi Arabia Crown Prince Salman and President Putin: strikes agreement on oil output cut President Vladimir Putin said that Russia and OPEC…

As part of its strategic aspirations to drive maximum value from Nigeria’s abundant natural gas resources, the Nigerian National Petroleum Corporation (NNPC)…

The Minister of State for Petroleum Resources, Dr Ibe Kachikwu, has said that three out of the 40 planned modular refineries would…

The NNPC says it is devising new ways to attract more funding for operators in Nigeria’s oil and gas industry to launch…

Russia is planning to sign a partnership agreement with Organisation of Petroleum Exporting Countries (OPEC), Energy Minister Alexander Novak said on Monday.…

Oil marketers have again resurrected the supposedly closed subsidy as they have appealed to Federal Government to effect quick payment of its…

Oil rose on Friday on hopes that supply cuts will be agreed at OPEC’s meeting on Dec. 6, but failed to recoup…

A probe by the Senate into whether NNPC improperly withdrew money has expanded with the amount under investigation doubling to over $2.2…

Brent crude Oil prices has slipped on rising supply and weakening demand. This however is not cheering news for oil exporters such as…

Nigeria will increase its oil production to 1.8 million barrels per day in 2019 and raise condensate production to 0.5 million bpd,…

(Reuters) – Natural gas is expected to overtake coal as the world’s second largest energy source after oil by 2030 due to…