The price of Organisation of Petroleum Exporting Countries, OPEC basket of 14 crudes stood at $66.05 a barrel on Wednesday, compared with...
The Executive Secretary, Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Wabote has revealed that the Board will increase Nigerian Content...
The global energy market is a very simple one anchored on complex demand patterns and money moves. For this reason, stakeholders in...
The Nigerian Navy has said it has discovered six new illegal refineries with combined capacity to refine four million litres of crude...
Oil prices fell about 1 percent on Wednesday after data showed U.S. crude inventories unexpectedly rose 1.6 million barrels last week, weighing...
Royal Dutch Shell (RDSa.L) has filed a criminal complaint against a former senior employee over suspected bribes in the $390 million sale...
Two global oil traders, Vitol and Glencore, are in talks to financially back Nigerian firms racing to buy assets owned by Brazil’s...
The labour dispute between the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) and the oil service firms has worsened...
The Nigerian Electricity Regulatory Commission (NERC) On Tuesday disclosed that its new electricity metering regime called the Meter Asset Provider (MAP) regulation...
West Africa-focused oil exploration and production company, Lekoil Limited, has commenced legal proceedings against the Ministry of Petroleum Resources over federal government’s...