Oil and Gas

Oil prices rose by about one per cent after top exporter, Saudi Arabia, announced a cut in supply for December. International benchmark…

Coming on the heels of its heralded celebration of two decades of operations, Rainoil Limited was last week conferred the 2018 Merit…

Senate President, Dr. Abubakar Bukola Saraki, has said that the Senate on resumption of plenary will further probe the claims by the…

The Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA) Dr. Dakuku Peterside has stated that the Agency will enforce…

(Reuters) – Nigeria National Petroleum Corporation NNPC said that it had signed a crude-for-product deal with BP  for the next six months…

Nigerian National Petroleum Corporation (NNPC) said in Abuja that its operation for the month of June recorded  N7.15 billion as trading surplus,…

Brent crude oil prices shrunk by15 cents a barrel at $77.19 while U.S. light crude was unchanged at $67.04. The drop in…

The Nigerian National Petroleum Corporation, its subsidiary NPDC and other oil companies are owing the Federation Account Allocation Account the sum of…

(Reuters) – Two former executives of collapsed oil company Afren were sentenced to up to six years in prison on Monday after…

The Nigeria Extractive Industry Transparency Initiative (NEITI) on Monday called for urgent action on some of the remediation issues identified in its…

Crude oil prices have fallen by about $10 a barrel since four-year highs reached in early October. Brent crude futures fell 21…

The Nigerian National petroleum Corporation (NNPC) says that  some of the financing companies it approached to revamp the country’s refineries have shown…

Nigerian Petroleum Development Company (NPDC) has achieved 100 per cent local content input in  the development of Oredo Integrated Gas Handling Facility…

(Reuters) – Exports of the four largest grades of Nigerian crude oil will rise to 879,608 barrels per day in December, the highest…

(Reuters) – Two former executives of collapsed oil firm Afren have been convicted of fraud and money laundering offences relating to a…