The End SARS protesters on Wednesday shut down the Warri Port of the Nigerian Ports Authority, NPA as well as critical oil facilities in riverine communities...
Niger Delta youths under the umbrella bodies of ‘Young Democratic movement’ and ‘South-South Youth Assembly’ have called on the Federal government to allow the region to...
The Minister of State Petroleum Resources Chief Timipre Sylva has Pledged the Federal Government’s support for indigenous oil and gas companies in the country. Speaking during...
No fewer than 339 companies are bidding for the 2020/21 sales and purchase of the Nigerian crude oil grades. The Group Managing Director, Nigerian National Petroleum...
From Tony Akowe, Abuja Operators in the oil and gas sector involved in gas flaring will be expected to pay a yearly fine to the...
Residents of Pure Oil, a suburb of the Kpone Katamanso Municipality of the Greater Accra Region, have raised concerns over the deplorable nature of roads in...
The United Nations mission in Libya has said the country’s rival sides will hold direct political and military talks next month. The announcement came hours before...
World oil demand will plateau in the late 2030s and could by then have begun to decline, the Organization of the Petroleum Exporting Countries (OPEC) said...
The Senate has began probing crude oil and gas and non-oil export proceeds unrepatriated since the inspection of the Export Act from 1996 to 2019. The...
The International Centre for Settlement of Investment Dispute in the United States has ordered Interocean Oil to pay the Federal Government of Nigeria $660,129. This is...
Oil prices rose 3% and US gasoline futures rose 2%, partly boosted by shut-ins ahead of Hurricane Delta. Energy companies were securing offshore production platforms and...
Nasarawa State Governor, Abdullahi Sule The Nasarawa State Government has sought the support of Kuwait in its oil exploration efforts in the state. This was...
An oil well is pictured at sunrise in the Bakken oil fields near Sidney, Montana in this November 2014 handout photo. REUTERS/Smithsonian Channel/Handout via Reuters Oil...
President Muhammadu Buhari has defended the current price of fuel in the country, stating that a responsible government must face realities. In his Independence Day Speech,...
The President, Major General Muhammadu Buhari (retd.), says it makes no sense for Nigeria to sell petroleum products at prices lower than those sold in neighbouring...
President Muhammadu Buhari has defended the current price of fuel in the country, stating that a responsible government must face realities. In his Independence Day...
By Lucas Ajanaku French oil major, Total, yesterday became the latest industry player to cast a shadow over hopes for oil demand recovery. In its Energy...
The United States has banned imports of palm oil from Malaysian company FGV Holdings following an investigation into allegations it uses forced labour, the US Customs...
Rivers State Governor Nyesom Wike has described as unfortunate comments by the Bayelsa State Governor, Douye Diri over ownership of Soku Oil Well. Governor Wike said...
The Minister of State for Petroleum, Timipre Sylva, on Monday, in Abuja declared that the days of crude oil as a driver of global economy, are...
After being effectively shut down by civil war since January, Libya’s oil industry is slowly gearing up again. Libya’s oil industry, all but shut down since...
OPEC faces a critical moment in its 60-year history with the coronavirus crushing crude demand and prices, discord among its members, and threats from a world...
Two men named Mahmud A. Mohammed and Ikechukwu Nkwocha-Philip were sentenced to 10 years in prison each without an option of fine for fraud by Justice...
Justice Olasumbo Goodluck of the Federal Capital Territory (FCT) High Court, Abuja, on Friday, convicted and sentenced two men, Mahmud A. Mohammed and Ikechukwu Nkwocha-Philip to...
By John Ofikhenua, Abuja The Natural Oil and Gas suppliers Association of Nigeria (NOGASA) have pleaded with the Nigeria Labour Congress (NLC) and Trade Union Congress...
By Lucas Ajanaku The Federal Government saw its crude oil sales revenue plunge by 74.89 per cent in July to a record low of $55.29million, according...
Group Managing Director of the Nigerian National Petroleum Corporation (NNPC) Mele Kyari, says the absence of a stable fiscal environment is inhibiting the growth of the...
Oil futures were little changed on Tuesday after sharp overnight losses, as the latest tropical storm in the Gulf of Mexico lost strength. But worries about...
Governor Nyesom Wike of Rivers States has urged the Nigerian Navy and to ensure that those who sabotage the government’s effort to eliminate bunkering are brought...
Armed youths of Okarki, a boundary community between Rivers and Bayelsa State, have reportedly attacked operatives of the Independent Petroleum Marketers Association of Nigeria, IPMAN, Federal...
Libya’s National Oil Corporation (NOC) has lifted a force majeure on what it deemed secure oil ports and facilities, but said the measure would remain in...
Artisanal Oil Refiners Association of Nigeria has appealed to the Federal Government to establish modular refineries in Niger Delta region to boost the nation’s economy. The...
Libya’s renegade military commander Khalifa Haftar has announced a conditional lifting of a months-long blockade on oilfields and ports by his forces. In January, backers of...
A surge in Chinese buying of blending fuels means oil demand in the world’s biggest importer is likely bigger than the official figures indicate, according to...
From Simon Utebor, Yenagoa Oil major, Shell Petroleum Development Company (SPDC) says it has grown its oil output to an average of 514,000 barrels per day...
The Ekiti Coordinator of the National Youth Service Corps (NYSC), Mrs Mary Chikezie, on Wednesday debunked reports that a corps member was killed by a kidnapper...
Oil rose for a second day on Wednesday, gaining more than two per cent, as a hurricane closed U.S. offshore production and an industry report showed...
Our Reporter Oil prices rose on Tuesday, ahead of the weekly crude inventory data releases, but traders remain concerned about the pace of the recovery...
Justice Mojisola Dada of the Special Offences Court, sitting in Ikeja, Lagos has convicted and sentenced a fake crude oil merchant, Adesanya Olufemi, to twenty-one year...
Oil prices rose on Monday as a tropical storm in the Gulf of Mexico prompted drillers to evacuate rigs and shut-in production. Although gains were muted...
Venezuelan President Nicolas Maduro said on Friday that a “US spy” was captured while spying on the largest refining complex in the country, which is going...
US oil prices plunged 7% Tuesday to $36.76 a barrel. It was crude’s worst day and lowest closing price in nearly three months. At one point,...
Oil prices fell for a second day on Friday, pressured by a surprise rise in U.S. stockpiles as the coronavirus pandemic continues to erode demand for...
Logo of a court gavel A witness on Thursday told the Federal High Court in Abuja how Malabu Oil and Gas Limited and six other...
The Nigerian National Petroleum Corporation (NNPC) has revealed why it shut down four oil refineries across the country. According to the Group Managing Director of the...
The spokesperson on health for the National Democratic Congress (NDC’s) manifesto committee, Sylvester Mensah says the party intends to fund the primary health care initiative with...
A new fire on the large oil tanker drifting off Sri Lanka’s coast was extinguished on Wednesday after burning for two days as experts prepared to...
Niger Republic, a neighbouring country which started commerical production of oil in 2011 now exports petroleum products to Nigeria. The three major refineries in Nigeria have been...
A stricken oil tanker off Sri Lanka that has been on fire since last week has left a kilometre-long (0.6 mile) slick across the Indian Ocean,...
The Economic and Financial Crimes Commission, EFCC on Tuesday, September 8, 2020 re-arraigned Malabu Oil & Gas Limited, Aliyu Abubakar and six others before Justice I.E....
The Economic and Financial Crimes Commission (EFCC) on Tuesday re-arraigned Malabu Oil & Gas Limited, Aliyu Abubakar and 6 others before Justice I. E. Ekwo of...
The Economic and Financial Crimes Commission (EFCC) on Tuesday, re-arraigned Malabu Oil & Gas Limited, Aliyu Abubakar and six others before Justice I.E. Ekwo of...
Oil prices fell on Tuesday amid concerns over fuel demand as the peak U.S. driving season drew to a close and the U.S. Labour Day long...
Sri Lanka’s navy says a large fire on a stricken oil tanker off its coast has been extinguished on Sunday, as international salvage experts began assessing...
Oil prices dropped more than $1 a barrel on Monday, hitting their lowest since July. The drop is coming after Saudi Arabia made the deepest monthly...
Oil revenues in the Middle East and North Africa fell from more than $1 trillion in 2012 to $575bn in 2019, according to the International Monetary...
The Major Oil Marketers Association of Nigeria (MOMAN) says the deregulation of the sale of Premium Motor Spirit (PMS), also known as petrol, will be beneficial to Nigeria...
The Major Oil Marketers Association of Nigeria (MOMAN) says the deregulation of the sale of Premium Motor Spirit (PMS) will be beneficial in the long run....
The federal government says the Petroleum Equalisation Fund (PEF) and Petroleum Products Pricing Regulatory Agency (PPPRA) will be merged. Timipre Sylva, Minister of State for Petroleum...
Oil prices edged up on Thursday, but held near multi-week lows hit overnight after U.S. data showed gasoline demand fell and recovery from the COVID-19 pandemic...
Oil rose towards $46 a barrel on Wednesday, gaining for a third day, supported by a report that U.S. crude inventories fell. This is also on...
Two crew members from a tugboat involved in cleaning up an oil spill off Mauritius were killed late on Monday when their vessel collided with a...
Oil prices recovered on Tuesday, erasing overnight losses, as investors moved into risk assets and away from the safe-haven U.S. dollar, which tumbled to multi-year lows....
Oil prices nudged up on Monday, with Brent futures set to post a fifth straight monthly gain, as global stimulus measures underpin prices even as demand...
Honking and drumming, hundreds of people are protesting in the capital of Mauritius over the government’s handling of an oil spill from a grounded Japanese ship...
27-year-old Abdulqudus Bello, who was bathed with hot vegetable oil by a hoodlum in Agbaka, Ilorin, Kwara state, where he makes puff puff, has narrated his...
The global demand for oil has decreased sharply this year more than previously expected due to the coronavirus pandemic, and there are doubts about...
Dead dolphins that washed up in Mauritius near the site of an oil spill have so far been found to have wounds on their bodies but...
Greenpeace has called on the government of Mauritius to carry out an “urgent investigation” after several dead dolphins washed up on the island country’s shores, a...
The Minister of State for Petroleum Resources, Timipre Sylvia. Credit: @FMPRng The Federal Government has approved the establishment of an oil and gas logistics facility...
Former President Olusegun Obasanjo has disclosed that avocado farming could replace oil in Nigeria in terms of revenue generation. According to Obasanjo, Nigeria could be the...
Crude oil prices remained steady, on Monday, as storms closed in on the Gulf of Mexico, shutting more than half the region’s oil production. Although, prices...
Chief Timipre Sylva, the Minister of State for Petroleum Resources, said the Federal Government had approved the establishment of Nigeria National Petroleum Corporation (NNPC), oil and...
Crude oil prices remained steady, on Monday, as storms closed in on the Gulf of Mexico, shutting more than half the region’s oil production. Although, prices...
The Nigerian National Petroleum Corporation (NNPC) has announced a total crude oil and gas export earnings of $378.42 million in June, as against $133.16 million it...
The Nigerian National Petroleum Corporation (NNPC) has announced a total crude oil and gas export receipt of $378.42million in June 2020 as against $133.16million it posted...
The Group General Manager (GMD) of Rahamaniyya Oil & Gas, Mr. Abdulrahman Musa Bahsar on Thursday has refuted the rumours making the round that he had...
The Nigerian National Petroleum Corporation ( NNPC) on Thursday, said the report on missing 48 million barrels of crude oil was unfounded and a total falsehood....
Oil prices fell on Thursday as major producers warned of a risk to demand recovery if the coronavirus crisis is prolonged as U.S. crude inventories dropped...
By Lucas Ajanaku The Federal Ministry of Petroleum Resources will soon present the long-awaited Oil and Gas Reform Bill to President Muhammadu Buhari to boost output...
A police officer stands guard on the rooftop of Vienna’s OPEC headquarters during a meeting of the OPEC conference March 11, 2003. [The OPEC oil cartel...
A Japanese ship, MV Wakashio, has been leaking oil from its cracked hull after it ran aground on July 25 off the coast of Mauritius. It...
A Nigerian oil mogul and the Chief Executive Officer of Rahamaniyya Oil and Gas Limited, Abdulrahman Bashir, has been sentenced to 10 months imprisonment in the...
A second team of Japanese experts left for Mauritius on Wednesday with special oil-absorbent materials to help clean-up tonnes of oil that leaked from a Japanese-owned...
The Department of Petroleum Resources (DPR) has promised to use its regulatory framework to continue to create opportunities and enable businesses in the oil and...
A ship that has leaked more than 1,000 tonnes of oil in pristine waters off the coast of Mauritius has split in two. The Japanese-owned bulk...
A grounded Japanese-owned ship that leaked tonnes of oil near protected areas off the Indian Ocean island nation of Mauritius has split apart, with remaining fuel...
The Federal Government, through the Attorney General of the Federation and Minister of Justice, Mr Abubakar Malami (SAN), may have beaten a retreat from its fight...
Oil magnet, late Chief (Dr) Sir Anthony Obiagboso Enukeme, the CEO of Tonimas Oil and Gas, who passed on, in June 2020, throwing his entire hometown...
It is a ship captain’s worst nightmare – the sickening crash and the ear-splitting, grinding crescendo as your vessel runs up on a reef. Such was...
An oil well is pictured at sunrise in the Bakken oil fields near Sidney, Montana in this November 2014 handout photo. REUTERS/Smithsonian Channel/Handout via Reuters Oil...
Most of the oil left on a Japanese bulk carrier that has leaked an estimated 1,000 tonnes off the Mauritius coast has been pumped off, shipowner...
A Japanese ship that ran aground on a reef off Mauritius two weeks ago has now stopped leaking oil into the Indian Ocean, but the island...
Fuel spilling from a Japanese bulk carrier that ran aground on a reef in Mauritius two weeks ago is creating an ecological disaster, endangering corals, fish...
Oil prices climbed on Monday, supported by Saudi optimism about Asian demand and an Iraqi pledge to deepen supply cuts. Although uncertainty over a deal to...
By Lucas Ajanaku Brent crude prices are set to average $42.35 a barrel this year and $49.25 per barrel next year, latest IHS Markit’s price...
A ship that ran aground off Mauritius leaking tonnes of oil into the ocean is cracking, the prime minister said, threatening an even greater ecological and...
Police in Mauritius prepared to board a grounded ship leaking tonnes of oil into its crystal-clear waters, as clean-up crews confront a growing ecological disaster on...
Anxious residents of the Indian Ocean island nation of Mauritius have stuffed fabric sacks with sugar cane leaves to create makeshift oil spill barriers as tonnes...
The carrier, belonging to a Japanese company but Panamanian-flagged, ran aground on July 25 and its crew was evacuated safely. The ship was empty at the...
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