- Tuesday, June 30, 2026
BusinessDay
The price of oil plunged in the second half of 2014 when it became apparent that production was outpacing global...
Brent crude rose above $61 a barrel supported by geopolitical tensions in Libya and Iraq, while traders eyed the outcome...
British oil company BP expects to invest around $12 billion with its partners as part of a finalised West Nile...
Petrobras plans to dispose of as much as $13.7 billion in assets this year and next as part of efforts...
Oando Plc, has prepaid $238 million out of the $753 million it borrowed to part finance the acquisition of ConocoPhillips’...
Brazil produced more than 3 million barrels of oil and equivalent natural gas a day (boepd) for the second straight...
Russia’s Lukoil oil company may leave almost all of its projects in West Africa as it has made no large...
Russian oil output was broadly unchanged in February; at 10.65 million barrels per day (bpd), as a rise in production...
The House of Representatives on Thursday adopted N4.4 trillion expenditure for 2015 fiscal year, warning against job cut. The House...
Joseph Dawha, group managing director, Nigerian National Petroleum Corporation (NNPC), has raised hope that the nation’s refineries will be back...
Governor Babatunde Fashola of Lagos State says that the Lekki refinery being undertaken by the Dangote Group in Lagos would...
The Federal Government’s desire to ensure active participation of indigenous firms in the nation’s oil and gas sector has continued...
Debt-laden oil producer Afren Plc has defaulted on its 2016 bonds after declining to make a $15 million interest payment...
Oil prices seem to have stabilized around the $60 per barrel but the signs that the prices will head downwards...
As part of an International Monetary Fund (IMF) bailout plan reached with government, subsidies on petroleum products totaling GHS50million are...
