The Brent oil futures, approaching the $80 mark amid supply concerns as parts of the world sees demand pick up…
Browsing: Oil
The revenue showed that N2.1 billion was generated in January, while February, March, April and May had N1.45 billion, N4.39…
The Minister of State for Petroleum Resources, Chief Timipre Sylva, says COVID-19 had helped to reduce the cost of crude…
The prices of crude oil plummeted more than 1 per cent on Monday for a third session, after official data…
The Nigerian Association of Petroleum Explorationists (NAPE) has expressed confidence that the future of oil and gas exploration is bright…
Projected to hit $53 trillion by 2025, the global Environmental Social and Governance (ESG) assets can provide leeway for most…
The Organization of the Petroleum Exporting Countries (OPEC) rose from its 19th virtual meeting with members and non-OPEC members (ONOMM)…
The international oil benchmark, Brent crude, pared some of its recent gains on Tuesday, after the Organisation of the Petroleum…
Victor Bamidele, Deputy Managing Director, Deep water District, Total Energies, says the company has invested over 60 billion dollars in…
South Sudan is experiencing a rapid decline in oil output, with its oilfields yielding less crude after reaching maturity, a…
The Nigeria Extractive Industries Transparency Initiative (NEITI) yesterday disclosed that the country earned a total sum of $34.22 billion from…
Nigerian National Petroleum Corporation (NNPC) through its subsidiary Duke Oil has sealed a pact to supply 30,000 barrels per day…
The senate has commended the Nigerian National Petroleum Corporation (NNPC) for its efforts towards attaining profitability and stamping out corruption…
A top global ICT infrastructure provider, Huawei, has introduced new ICT solutions for higher safety and efficiency in the oil…
• 2020 fiscal deficit stands at N6.6tr as debt hits N33.1tr • ‘FX rate may hit N700/$ before next year’…
The Nigerian National Petroleum Corporation (NNPC) says $40 billion investment is needed to accomplish the nation’s gas plan. Yusuf Usman,…
The African Refiners and Distributors Association (ARDA), a pan-African organisation for the downstream oil sector in Africa, says Nigeria and…
The Organisation of Petroleum Exporting Countries and non-OPEC ministerial meeting has reaffirmed its commitment to a stable global market in…
Nigeria has awarded the rights to develop marginal oilfields to 50% of the 161 firms shortlisted after they met all…
The Nigerian National Petroleum Corporation, NNPC, has moved to explain its recent bid to acquire 20 percent stake in the…