Oil and Gas

Indications are that the federal government in line with the collapse of international market oil prices has approved a reduction in the…

Crude oil prices settled below $30 a barrel as the coronavirus pandemic slowed economic growth and oil demand on Tuesday while Saudi…

Crude prices settled at a four-year low with brent crude settling at $30 a barrel for below the 2020 Nigeria’s budget bench…

The Nigerian National Petroleum Corporation (NNPC) has confirmed that the explosion that rocked havoc at Abule Ado in Lagos was triggered by…

Royal Dutch Shell’s onshore Nigeria subsidiary saw a 41% rise in the number of crude oil spills due to theft or pipeline…

While OPEC’s de facto leader Saudi Arabia trades blows in a war for market share with Russia after their three-year pact to…

Oil prices are plunging amid concern a dispute among producers could lead a global economy weakened by COVID-19 to be awash in…

Oil futures fell by more than 7% on Friday as talks between the Organisation of the Petroleum Exporting Countries and their allies…

OPEC’s proposal to cut oil production by up to 1 million barrels a day would be enough to balance the oil market…

OPEC oil output dropped in February to the lowest in over a decade as Libyan supply collapsed due to a blockade of…

Royal Dutch Shell’s Bonga oilfield in Nigeria will undergo maintenance in March and April, though the impact on production and exact dates…

National Economic Council has said that the balance of $71 million in the excess crude account is as a result of federal…

Italy’s Eni and Spain’s Naturgy have reached an agreement with Egypt to resolve a series of disputes over the Damietta gas liquefaction…

Ghana expects Norway’s Aker Energy to make a final investment decision in the near future regarding it’s planned Pecan oilfield development, Ghana’s…

The International Energy Agency’s (IEA) outlook on global oil demand growth has fallen to its lowest level in a decade, IEA Executive…