The Nigerian National Petroleum Corporation will be unable to make any contribution to the Federal Accounts Allocation Committee (FAAC) in...
Oil is continuing Wednesday to climb after OPEC+ confirmed it would proceed with plans to add more barrels to the...
Nigeria’s present security woes appear to be worsening due to sporadic attacks by armed bandits on Nigeria’s energy infrastructure, a...
Oil rose to about $66 a barrel on Tuesday before a meeting of the producer group OPEC+ to discuss oil...
Oladayo T. Ogunleke is the managing director, Ressortir Global, an integrated Oil & Gas Sole-Distribution company, based in Lagos. In...
After agreeing to invest $1.3million, oil and gas investment company ADM Energy PLC has unveiled fresh plans for the development...
Italian energy giant Eni SPA is planning to spin off the oil and gas assets in Nigeria and the Middle...
Addax, a unit of China’s Sinopec is expected to be a major beneficiary of the President Muhammadu Buhari’s reversal of...
The price of the top-grade petrol was raised to N216 in Egypt on Friday after a meeting of the price-setting...
The Nigerian National Petroleum Corporation (NNPC) and Sterling Exploration and Energy Production Company (SEEPCO) have signed an agreement for the...
Unlike Nigeria who squandered its 1981 oil boom, Guyana, South America’s third tiniest oil country, is bracing up for an...
Nigeria is improving its commitment to repaying cash call arrears and in reforming fiscal terms in the Petroleum Industry Bill...
There is uncertainty around the fate of marginal fields that investors bid for but have been unable to pay the...
The head of Vitol Group, the world’s biggest independent oil trader, expects crude demand to come roaring back this year...
As many as 100 oil and gas projects are set to start in Nigeria by 2025, accounting for 23 percent...