Oil and Gas

Oil prices rose by nearly 1 per cent, driven by the prospect of a shortfall in global supply once U.S. sanctions against…

The Federal government said plans are underway to unveil the first modular refineries with 10,000bpd and 7,000bpd in Rivers and Delta states…

The Nigerian National Petroleum Corporation (NNPC) says there is 37 days premium Motor Spirit (PMS) known as petrol self-sufficiency to serve the…

Brent crude extended gains from the highest level in almost four years as banks and trading houses formed a chorus of voices…

Brent crude oil price rose to $80.56 and major oil trading houses are predicting the return of $100 crude for the first…

Hyde Limited, a global oil and commodities trading company and producer of premium lubricants in Nigeria, has launched a new retail station…

The  Nigerian National Petroleum Corporation (NNPC) says it has no hidden 470.5 million dollars and Eight billion Naira in any commercial bank…

An Italian judge sentenced two defendants in a Nigerian corruption case to jail in the first ruling on one of the oil…

The Nigerian Content Development and Monitoring Board (NCDMB) has raised $200 million to facilitate local content development in the oil sector. The…

World oil consumption will reach 100 million barrels per day (bpd) later this year, hitting that level much sooner than previously forecast,…

Brent crude Oil price rose to $78.09 a barrel supported by concerns that falling Iranian output will tighten markets once U.S. sanctions…

OPEC oil output has risen in August to a 2018 high as Libyan production recovered and Iraq’s southern exports hit a record,…

The Nigerian Liquefied Natural Gas (NLNG) has remitted more than $6.5 billion in taxes to Federal Inland Revenue Service (FIRS) since 2009.…

The Nigerian National Petroleum Corporation (NNPC) says it will establish two condensate refineries with a total refining capacity of 200,000 barrels per…