Oil and Gas

Royal Dutch Shell’s Nigerian subsidiary SPDC lifted a force majeure on Bonny Light crude oil exports on Friday, a spokesman said. It…

The former Attorney-General of the Federation, Mohammed Adoke, and six other co-defendants charged with 42 counts in connection with the controversial 1.09…

Nigerian oil firm Lekoil has reached a deferred payment deal to keep ownership of an oilfield, the company said in a statement,…

Africa-focused fintech firm Flutterwave said that it has raised $35 million and is partnering with WorldPay and Visa in its bid to…

The Minister of State for Niger Delta Affairs, Senator Tayo Alasoadura, has said the dissolution of the recently screened board of the…

Surging oil production from non-OPEC countries led by the United States along with abundant global stocks will help the market weather political…

Trading in shares of Nigerian oil company Lekoil was suspended on the London Stock Exchange on Monday when the company said it…

The Department of Petroleum Resources (DPR), says plans are ongoing to grant Niger Delta Petroleum Resources Ltd. (NDPR) licence to operate its…

By Justina Gabriel with Agency report Oil prices climbed after a rocket attack on Baghdad triggered fresh concern over the potential for…

OPEC oil output fell in December as Nigeria and Iraq adhered more closely to pledged reductions and top exporter Saudi Arabia made…

A group known as Partner For Petroleum & Energy Sector Prosperity Initiative (P-PESPI) has called on President Buhari to urgently escalate his…

The Nigerian National Petroleum Corporation (NNPC) recorded a trading surplus of ₦13.23billion in October 2019. This represented an increase of 54 per…

Oil prices rose more than 20 per cent this year but there were no sharp spikes and crude futures barely sniffed $70…

Brent crude oil rose by 28 cents, or 0.4 per cent, at $67.48 a barrel in the future market just as West…