As OPEC’s efforts to balance the oil market bear fruit, U.S. producers are reaping the benefits – and flooding Europe with a...
Oil prices were little changed at around $74 a barrel on Monday on rising U.S. borrowing costs and the prospect of further...
The International Monetary Fund (IMF) has warned oil dependent economies like Nigeria and other countries of a possible crash of the prices...
Some major outstanding remediation issues in the 2014 oil & gas sector audit $7bn total unremitted payments to government $1.8bn accumulated unremitted...
OPEC crude oil production dropped just over 200,000 barrels per day in March. They are now just over one million barrels per...
The Nigeria Extractive Industries Transparency Initiative (NEITI) says it has moved its secretariat to Asokoro district in Abuja. The agency in a...
Oil price hit the highest level in three years on fears of a U.S. strike on Syria. With this, oil price jumped...
Tullow Oil has contracted the Ocean Rig deepwater drillship Poseidon to drill the Cormorant prospect in the Walvis basin offshore Namibia. According...
Lekoil is still waiting for confirmation of Nigeria’s government concerning a farm-in to the offshore OPL 310 lease in the Dahomey basin....
In its annual sustainability report for 2017, oil giant, Shell, revealed that crude oil theft rose by 50percent in 2017 indicating a...
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Dangote Petroleum Refinery and Petrochemicals has increased its crude oil processing capacity to 700,000...
Nigeria’s crude oil production has surged to an 11-month high in May, 2026, with...
