The Central Bank of Nigeria (CBN) has indicated that Nigeria expended $36.3 billion on the importation of petroleum products over a five...
Oil retreated from the highest level since 2014 amid speculation that even if U.S. President Donald Trump delivers on threats to exit...
Profit at Brazil’s Petróleo Brasileiro (Petrobras) rose by more than a half in the first quarter to a five-year high, in a...
Vice President Yemi Osinbajo Monday said that efforts are being intensified to establish a public register of beneficial owners of companies in...
The Nigeria National Petroleum Corporation (NNPC) is yet to remit an outstanding $16.8 billion dividend to the federation account, audit reports by...
The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, has announced a three-point smart strategy aimed at...
Strong compliance with OPEC-led production cuts, robust demand and supply disruptions in the Middle East are likely to lift oil’s average price...
The Chairman of OPAC Refinery, Mr. Momoh Jimah Oyarekhua, has said the first phase of the refinery is designed for 7,000 barrels...
Oil giant Total, has issued tender for subcontracts for the South Pars (SP) Phase 11 gas/condensate development in the Persian Gulf, Offshore...
Abu Dhabi National Oil Co. (ADNOC) has issued details of six blocks offered under Abu Dhabi’s first competitive exploration and production bid...