Oil giant, Shell Petroleum Development Company (SPDC) Nigeria says it has recovered more than 95 percent of the oil from two spills...
Crude oil prices were moving in positive territory ahead of the start of U.S. trading after major losses in the previous session,...
The Nigerian National Petroleum Corporation (NNPC) says it plans to establish new refineries in Port Harcourt, Rivers State and in Warri, Delta...
OPEC in its latest monthly report, lowered its global oil-demand growth estimate by 20,000 bpd, to 1.64 million bpd this year. This...
The Nigerian National Petroleum Corporation (NNPC) and Seplat Petroleum Development Company, have signed five agreements to expedite the development of a project...
The Nigeria Extractive Industries Transparency Initiative (NEITI) has expanded its operations in the oil and gas industry to cover Commodity Trading. At...
Nigeria’s implementation of the Extractive Industries Transparency Initiative (EITI) standards has further received a boost following readiness by the country’s parliament to...
Iran’s oil minister said OPEC may need to hold an extraordinary meeting should the organisation of oil producers fail to prevent member...
A storm might be looming later this year when new U.S. sanctions are poised to slash supplies of Iranian oil, the International...
Samsung Heavy Industries (SHI) has contracted Aqualis Offshore to provide position keeping services for the installation of the Egina FPSO offshore Nigeria,...