Shell also said profits for the last three months of 2014 had risen to $4.2bn compared with $2.2bn in the...
Nigerian banks are heavily exposed to the oil and gas sector, leaving investors wondering if the 54 percent slide in...
In light of the collapse in global crude prices, and attendant effects on Nigeria’s economy, Funke Opeke, CEO of MainOne,...
Shares in Afren plunged more than 65 percent on Tuesday after the Nigeria- focused oil group revealed it needed to...
Gerald Irona, chair- man, House of Representatives’ ad hoc committee on oil spill, on Wednesday directed Chevron Nigeria Limited to...
The Federal Government may have abandoned the implementation of the Liquefied Petroleum Gas (LPG) national strategic policy for importation of...
The price of crude oil has dropped dramatically from its above $100/b highs to sub-$50/b levels, with a near term...
Oil prices jumped in Asian trading as news of the death of Saudi Arabia’s King Abdullah added to uncertainty in...
The United Arab Emirates will continue building and upgrading its oil facilities to maintain its role as a major producer...
A major power supply boost is on the way as Total Nigeria Limited an- nounced in Port Harcourt, Rivers State,...
Brent crude was buoyed by market uncertainty over the future of Saudi oil output, while US crude fell on more...
French oil and gas company Total will cut spending on ageing North Sea fields and on US shale production after...
Historic change of roles is at the heart of the clamour and turmoil over the col- lapse of oil prices,...
Oil prices steadied above 48 dollars a barrel on Tuesday, recovering from earlier losses as the dollar weakened against the...
Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) has called on the Federal Government to declare a state of...