Crude oil prices rose more than 2 per cent to its highest in more than three weeks. The price rose to $52…
Oil and Gas
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The Nigerian Academy of Engineering and Arco Group have in Lagos expressed concern that Engineering Education and Profession are not being given the…
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The Federal Government, in apparent contradiction of its earlier position made a u-turn on its modular refineries initiative, declaring that it would…
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Oil prices rose by about 3.5 per cent after Iraq and Algeria joined Saudi Arabia in supporting an extension to OPEC supply…
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Nigeria’s crude oil exports are set to slip to 1.52 million barrels per day (bpd) in June, according to loading programmes compiled by…
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Oil prices edged lower Wednesday after U.S. government data showed a smaller-than-expected decline in domestic crude inventories and weak demand for gasoline,…
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The Federal Government restated that it is not going back on its plans for illegal crude oil refiners in the Niger Delta,…
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Nigerian Petroleum Development Company, NPDC, has no capacity to manage Nigeria’s oil assets the Nigeria Extractive Industries Transparency Initiative, NEIT has said.…
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In its bid to refocus its operations, Nigerian National Petroleum Corporation (NNPC) said it will commercialise some of its critical Information Communications &…
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Minister of State for Petroleum Resources Mr. Ibe Kachikwu has said that Federal Government would commence payments of Joint Venture Cash Call…
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Royal Dutch Shell has said it knew that some of the payments it made to Nigeria for the rights to an oilfield…
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Trading giant Vitol said it has has sold millions of barrels of Nigerian crude oil from storage in South Africa’s Saldanha Bay,…
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Shell top executive knew of bribe given to Nigeria officials, new evidence on oil payments
The BBC said it has seen evidence that top executives at Shell knew money paid to the Nigerian government for a vast…
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Nigeria National Petroleum Corporation depot at Mosimi has reopen and resumed loading after almost a year, when a major pipeline was vandalised…
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Crude Oil price rose above $55 a barrel on Monday, supported by another shutdown at Libya’s largest oilfield and heightened tension over…