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Oil prices soar as global demand reignites inflation worries

Brent and Bonny Light crudes surpassed 97 US dollars per barrel yesterday, edging toward the 100 dollar mark which was…

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Oil prices increase as Saudi announces production cut

Oil prices were on the rise on Monday following Saudi Arabia’s announcement that it would cut its oil output by…

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Oil theft: Military deactivates additional 81 illegal refining sites in Niger Delta

By Linus Aleke The Nigerian military yesterday said it uncovered and deactivated additional 81 illegal refining sites in the Niger…

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Buhari, Kyari showcase oil, gas investment opportunities in Spain

Malam Mele Kyari, Group Managing Director, NNPC Ltd., has reiterated the commitment to sustain the strategic energy partnership between Nigeria…

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Oil, gas coys owe federation accounts N1.32trn in 2020 – NEITI

The Nigeria Extractive Industries Transparency Initiative (NEITI) said oil and gas companies’ liabilities to the Federation Accounts as of Dec.…

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ExxonMobil to sell Mobil Producing Nigeria shallow-water affiliate

ExxonMobil has reached an agreement to sell its equity interest in Mobil Producing Nigeria Unlimited (MPN) to Seplat Energy, a…

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Petrol queues persist in Abuja

Motorists in Abuja on Wednesday continued to experience hardship in the purchase of Premium Motor Spirit (PMS), also known as…

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Many will not see what Buhari has done until he leaves office – Gov. Sule

Gov. Abdullahi Sule of Nasarawa State has lauded President Muhammadu Buhari for being the architect of the Ajaokuta-Kaduna-Kano gas pipeline…

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N656bn bailout to states again shows Buhari is a compassionate leader – BMO

President Muhammadu Buhari has again shown that he is a compassionate leader with his approval of a 4th multi-billion naira…

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Aiteo Bayelsa field spill site still discharging crude a week after – NOSDRA

The National Oil Spills Detection and Response Agency (NOSDRA) on Thursday, said that the oil spill reported at an oil…

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