Oil and Gas

A Nigerian militant group said on Sunday it had carried out an as yet unconfirmed warning strike on an oil facility owned…

Oil cargoes departing from Nigeria to the United States fell to 103,000 bpd in December, 2018 down by 48,000 bpd, new data…

Nigeria’s daily crude oil production has recovered and  2.09million barrels in 2018, translating to a 9 per cent rise in production. This…

The Executive Secretary, Petroleum Products Pricing Regulatory Agency (PPPRA), Abdulkadir Saidu,  says the Federal Government has no plans to increases the price…

OPEC members and 10 other oil producing nations have agreed  to cut output by 1.2 million barrels a day in a bid…

Royal Dutch Shell has concluded that a Nigerian oilfield sale where it suspects an executive took bribes was not linked to a…

Oil prices fell along with weak stock markets on Thursday, but trading was tepid ahead of a meeting by the Organisation of…

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…