Oil prices climbed yesterday with U.S. fuel demand, tight supply and a slightly weaker U.S. dollar supporting the market. The oil market also reacted positively as...
Heirs Oil & Gas, Africa’s integrated energy company reaffirmed its commitment to the elimination of routine flaring from its OML 17 by 2025, in compliance with...
Oil prices climbed on yesterday, amid an ongoing push by the European Union for the Russian oil imports ban. Brent crude climbed 1.04 per cent to...
Heirs Oil & Gas (HHOG), Africa’s integrated energy company has been awarded the ‘Africa deal of the year 2021’by Project Finance International (PFI), following the $1.1...
Environmentalists are raising issues following strong indications that world’s largest energy companies are planning to sell off more than $100 billion of oil fields and other...
Decklar and its co-venturer, have commenced loading crude oil into trucks at the Oza Oil Field from storage tanks for delivery to the Umugini Pipeline Infrastructure,...
Coconut oil is an increasingly popular cooking oil. Many people praise it for its health benefits, including antimicrobial and antioxidant properties, improved skin and oral health,...
Crude oil theft has grown into a huge monster threatening the wellbeing of the Nigerian economy. And stakeholders are unanimous in their call that very aggressive...
An explosion has killed two persons at a flow station in the oil-producing community of Izombe in Oguta Local Government Area of Imo State. The explosion...
Nigeria is expected to witness more mergers and acquisitions (M&A) in the oil and gas industry as the African continent is positioning itself as a driver...
’Experts have said oil prices are likely to hover around $100 a barrel in near future due to fear of Russian supply disruption, lower demand in...
Vice-chairman of FAMFA Oil Limited, Apostle Folorunso Alakija, has stated that the current reforms in the oil and gas sector are expected to have a far-reaching...
Stakeholders have highlighted capital option for marginal oil field in attracting robust investment and funds to the upstream petroleum industry in the country. This was deliberated...
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The Nigerian Content Development and Monitoring Board (NCDMB) said it has grown Nigerian content in the oil and gas sector to 42 per cent. Executive secretary...
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International Oil Companies and other categories of operators already existing in the country’s oil and gas industry may not be granted any waivers during future oil...
Oil prices, yesterday, dropped slightly to $112 a barrel as factories in Shanghai prepared to reopen after a COVID-19 shutdown. Brent crude futures, the global oil...
The Organisation of the Petroleum Exporting Countries (OPEC) says Nigeria’s crude oil production declined to an average of 1.354 million barrels per day in March 2022....
India has remained one of the largest export markets for Nigeria, as report showed Nigeria exported crude oil worth N774.5 billion or ($1.86 billion) to India...
Pacegate Energy and Resources Limited (PEARL), in line with its commitment towards advancing technological growth in the Nigerian oil and gas industry, has convened a stakeholder...
Given that petroleum is currently the most important and valuable natural resource in Nigeria, the government is consistently challenged in repositioning the industry for profitability and...
The Nigeria National Petroleum Company (NNPC) Limited has expressed strong optimism that the menace of pipeline vandalism and crude oil theft will be brought under control...
The federal government has outlined plans to raise Nigeria’s crude oil production output by additional 800,000 barrels per day, to enable it take advantage of the...
Do you think the independent oil and gas producers in Nigeria are ready to take over as IOCs are divesting? Independent oil and gas companies are...
The need for the energy transition to enable cleaner energy, the Minister of State for Petroleum Resources, Chief Timipre Sylva said oil would still retain major...
Russia is considering accepting Bitcoin as a means of payment for its raw materials, such as gas or oil. Following the sanctions decreed by the West...
Crude prices reportedly slid nearly 2 per cent on Thursday after the European Union (EU) failed to agree on a plan to boycott Russian oil and...
Group managing director and chief executive officer of the Rahamaniyya Group, AbdulRahman Bashir, has denied operating six oil refineries across Europe and the Middle East. He...
The Nigerian Content Development and Monitoring Board (NCDMB) has moved to close importation gap in the lubricant sub-sector of the oil and gas industry. The board,...
Oil prices jumped by more than $6 on Monday, with Brent crude climbing above $114 a barrel, as European Union nations considered joining the United States...
The Cool Kids have delivered a heap of latest music in latest months, starting with Before Shit Got Weird. The 21-song venture dropped in early March, boasting...
Mohammad Abubakar, the minister of environment, on Monday, March 21, 2022, disclosed that Nigeria recorded 4,919 oil spills between 2015 to March 2021 and lost 4.5...
The country’s oil service companies have been urged to key into the Decade of Gas initiative by the federal government and develop capacity around the resource...
The president of the umbrella body that represents the gas industry, Nigeria Gas Association (NGA), Mr. Ed Ubong has said the Petroleum Industry Act (PIA) is...
A key oil and gas indigenisation policy of the federal government as captured under the marginal field policy essentially aims at ensuring that the ownership and...
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) said, it is in the process of upgrading and deploying the National Production Monitoring System (NPMS) facility towards curbing...
The House of Reps has vowed to recover the outstanding N2.6 trillion debt owed the federal government by oil and gas companies operating in the country....
The Nigerian Export Promotion Council (NEPC) has commenced a review of its Zero Oil Plan (ZOP) to meet with present-day economic realities. This is contained in...
The Nigerian Content Development and Monitoring Board (NCDMB), African Petroleum Producers’ Organization (APPO), and Africa Export-Import Bank (AFREXIMBank) have outlined new and sustainable models of funding...
The invasion of Ukraine by Russia is coming with lots of social and economic implications in the global community, but concerns are key to disruptions in...
Chairman of the Independent Petroleum Producers Group (IPPG) Abdulrazaq Isa, has disclosed that indigenous firms have made asset acquisition deal between $13 billion and has fully...
The Nigeria Extractive Industries Transparency Initiative (NEITI) has revealed that in 10 years the total aggregate financial flows from the oil and gas sector to the...
Key players in Africa’s Oil and Gas industry have called for a more robust hydrocarbon development model that is anchored on seeking alternative funding plan, to...
The United States is banning all imports of oil and gas from Russia, US President Joe Biden has announced, in a move that aims to pressure...
Top music executive, Don Jazzy triggered tons of reactions on Saturday with a video where he showed off his body massage prowess. The Mavin Records boss...
Energy expert, Wood Mackenzie, said Seplat Energy’s move to acquire the entire share capital of Mobil Producing Nigeria Unlimited (MPNU), a subsidiary of ExxonMobil, offers huge...
Crude oil price rose to the highest level since 2008 as buyers continued to reject crude from Russia following its invasion of Ukraine, while OPEC+ is...
Oil prices have soared as the Russian invasion of Ukraine continued to raise the specter of major global supply disruption. Brent rose to $105.54 a barrel...
President Muhammadu Buhari has said the rising crude oil prices present a great opportunity for Nigeria, especially with the passage of the Petroleum Industry Act (PIA)....
Brent crude price hit $105 per barrel on Thursday, the highest price level seen in the past eight years, after Russian President, Vladimir Putin launched an...
Oil prices broke above $100 a barrel for the first time since 2014, on Thursday after Russian President Vladimir Putin ordered invasion of Ukraine. Markets displayed...
The chief representative, Oil & Gas Industry of Global Energy Business Unit, Huawei EBG, Li Yangming has stated the importance of digital technologies in boosting efficiency,...
African Oil producers have expressed support for the establishment of an energy bank to facilitate financing of major oil and gas projects in the continent. The...
By making smart investments in cutting-edge Internet of Things (IoT) technologies, oil and gas operators can make the most out of a once-in-a-generation opportunity. This is...
Oil prices rose yesterday to their highest in more than seven years as fears grew that Russia could attack Ukraine in the near future. Brent crude...
Home Entertainment News Lady narrates how her baby died after her mother-in-law gave her crude… Previous articleMarijuana is legal, I’m smoking everywhere – Nigerian man expresses...
Group managing director, Nigerian National Petroleum Company (NNPC) Ltd, Malam Mele Kyari has lauded outgoing managing director of the National Engineering and Technical Company (NETCO), Mr...
The Nigerian National Petroleum Company (NNPC) Limited has revealed that the Methanol-adulterated were found in four PMS cargoes imported by MRS, OANDO, Duke Oil, and Emadeb/Hyde/AY...
The Nigerian National Petroleum Company (NNPC) Limited posted a total of $224.29million receipt from crude oil and gas export in August 2021 as against $191.26million in...
National President of the Petroleum Products Retail Outlets Owners Association (PETROAN), Dr Billy Harry, has hinted that his group has opened discussions with the federal government...
The oil sector is likely to witness further contraction as escalating theft and underinvestment have become a clog in the wheel of progress of the industry....
A conversation between an “organic” cream seller and a heartbroken client has surfaced on social media. In the chat making the rounds online, the client complained...
Oil production rise in Nigeria, which was boosted by shipments from Forcados crude after a force majeure was lifted, has contributed to scale up supply by...
Oil prices proceeded on track for their biggest monthly gain in almost a year on Monday, boosted by a supply shortage and political tensions in Eastern...
The Major Oil Marketers Association of Nigeria (MOMAN), is asking for better understanding of measures being taking by government to guarantee sustainable products supply and distribution...
The topic of cannabidiol and its effects has been going on for a while. While some people claim that CBD oil is good for your health,...
The Nigerian National Petroleum Company Ltd has secured a $5 billion corporate finance commitment from the African Export Import Bank to fund major investments in Nigeria’s...
The Organised Private Sector (OPS) has advocated for more infrastructure to support fuel production which would mean more job creation, poverty reduction, and improved economic growth....
Nigerian gas-focused company, Savannah, has disclosed an increased revenues by 7 per cent to $230.5 million in 2021. The firm in November commenced gas sales from...
Global oil demand has proven stronger than expected as the latest coronavirus variant inflicts a softer hit to the economy than anticipated, the International Energy Agency(IEA)...
The Organization of Petroleum Exporting Countries [OPEC] and its allies are trying to prevent crude prices to climb to $100 a barrel, and are reviving production...
Oil prices climbed on Tuesday after two days of losses, with some risk appetite returning as the market awaited clues from the U. S Federal Reserve...
Nigeria lost not less than $3.5 billion revenue to crude oil theft in 2021 alone, representing about 10 per cent of the country’s foreign reserves according...
The Organisation of Petroleum Exporting Countries, OPEC and non OPEC allies collectively known as OPEC+ have decided to raise its out- put target by 400,000 barrels...
Oil prices came down below $80 a barrel on Wednesday after the Organisation of Petroleum Exporting Countries (OPEC)+ producers stuck to an agreed output target rise...
Oil prices rose on Tuesday as investors expected the Organisation of Petroleum Exporting Countries (OPEC+) producers meeting on output to stick with their planned increase for...
The Petroleum Industry Act(PIA) is expected to lead to influx of massive investments in the oil and gas sector of the nation’s economy in the new...
The Nigerian National Petroleum Company (NNPC) Limited has said the closure of eight oil terminals between August and October this year led to the loss of...
Force Majeure declared by oil major, Shell in Nigeria and production disruptions in two other countries have caused supply hiccups in the international oil market prompting...
About 200,000 barrels of crude oil is currently stranded as oil major Shell Plc halted crude shipments from Nigeria’s Forcados export terminal. The action is considered...
Oil prices rose on Wednesday on fears of tight supply and a drawdown in U.S. inventories, despite worries about the likely hit to economic activity from...
Oil prices rebounded yesterday after a sharp fall in the previous session as investors’ appetite for risk improved, although they remained cautious amid the rapid spread...
Nigeria’s effort to meet its production quota recorded a 10 percentage points drop month on month to 239 per cent in November even as the country...
The Nigerian Content Development and Monitoring Board (NCDMB) has said it has grown the local content of operations in Nigeria’s oil and gas industry to 42...
A new study by risk consultancy Verisk Maplecroft has revealed that Nigeria may face difficulty producing its huge oil and gas reserves. The study states that...
Controversial investigative journalist, Kemi Olunloyo weighs in on the death of Dowen College student, Sylvester Oromoni, one which she insists that the victim joined at will....
The federal government has said that it will carefully scrutinise oil companies who will bid for the takeover of assets that Shell and other oil majors...
Investors’ investment on the Nigerian stock market rose by N629 billion in November 2021, following impressive nine months results of listed entities and improved oil prices....