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Oil & Gas
Oil producers curb megaproject ambitions to focus on…
A stubborn 16-month crude rout with no end in sight is driving the largest U.S. oil producers away from costly,…
OPEC October oil output falls led by Saudi, Iraq
OPEC oil output has fallen in October from the previous month, a Reuter’s survey found on Friday, as declines in…
NNPC moves to avert rumoured fuel scarcity in Northern…
The Nigerian National Petroleum Corporation (NNPC) on Wednesday said what it termed practical steps had been taken…
Nigeria launches televised bidding for oil contracts, to…
Nigeria's state oil firm NNPC began auctioning annual crude term contracts on live television on Tuesday and vowed…
Oil prices edge up but no end to glut in sight
Oil prices edged higher on Wednesday after a report showed inventories fell at a key U.S. delivery hub last week,…
Task force discovers use of empty oil tankers to…
arrests tankers claiming what they did not deliver
Pressure from high freight rates add to dampen Nigerian…
Nigeria’s government in July this year through the state oil company, Nigerian National Petroleum Corporation…
Emerging roadmap for Nigeria’s refineries?
It is increasingly becoming crystal clear that the Buhari administration will rather encourage establishment of…
Resolve Bonga spill compensation, fishermen tell…
Artisanal fishermen in the Niger Delta on Monday appealed to the Presidency to address the issue of outstanding…
OPEC talks on oil market draws few non-member attendance
A meeting of oil experts from OPEC and non-member countries aimed at addressing the market's decline drew thin…
U.S. oil output slide looms as shale firms hit…
Stagnating rig productivity shows U.S. shale oil producers are running out of tricks to pump more with less in the…
NNPC denies involvement in alleged Indian $25m oil bloc…
The Nigerian National Petroleum Corporation (NNPC) has denied any involvement in the failed bid by an…