Oil & Gas

Crude oil prices held above $40 a barrel in early trade in New York on Thursday as the market shrugged off a report saying that Saudi Arabia had threatened its OPEC partners with another…

Nigeria and Angola's non-compliance with the oil production cuts agreed by the Organisation of Petroleum Exporting Countries (OPEC) and its allies could force Saudi Arabia into another oil…

A Federal High Court, has asked the Asset Management Corporation of Nigeria (AMCON) and its assignee to take over all the assets of  Pan Ocean Group, one Nigeria's major indigenous upstream…

Filling stations in the federal capital territory (FCT) were swift in adjusting their pump price while enforcing the directive of the Petroleum Product Pricing Regulatory Agency (PPPRA) on…

The price of crude oil is expected to become bullish and climb to $60 per barrel in the next 12 months as demand is projected to recover, while the OPEC+ is expected to take operational…

Royal Dutch Shell Plc will write down between $15 billion and $22 billion in the second quarter, giving investors a wider glimpse of just how severely the coronavirus crisis has hit Big Oil.…

The Department of Petroleum Resources (DPR) says there will not be a repeat of past mistakes made in previous exercises in the on going bid rounds for 57 marginal oilfields in the country.…

The Petroleum Products Pricing Regulatory Agency (PPPRA) has introduced a brand new value band of N140.80 to N143.80 per litre for Premium Motor Spirit, also referred to as petrol. The…

The Petroleum Products Pricing Regulatory Agency has announced a new pump price band of N140.80 and N143.80 per litre for Premium Motor Spirit, also known as petrol. The PPPRA, an…

The AKK gas pipeline is expected to enable the injection of 2.2bscf/d of gas into the domestic market and facilitate an additional power generation capacity of 3,600MW. Speaking…