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...
As OPEC’s efforts to balance the oil market bear fruit, U.S. producers are reaping the benefits – and flooding Europe with a...
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...
Oil price hit the highest level in three years on fears of a U.S. strike on Syria. With this, oil price jumped...