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Oil & Gas

A’Ibom Ex-Militants warns Ijaw-owned pipeline security contractors to stay off the state, urges FG to revoke contracts given to non-indigenes

Repentant militants from Akwa Ibom under the aegis of the Niger Delta Volunteers(NDV) issued a one-month ultimatum for the revoke of oil pipeline contracts...

Nigeria’s crude oil export peaks at N11.5 trillion in H1 2022

From the National Bureau of Statistics came a cheering news. According to the data released on Nigeria's international trade, Nigeria’s crude oil export rose...

Petroleum regulator upturns Buhari’s order selling Mobil unlimited to Seplat

The Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Engr. Gbenga Komolafe has rejected Nigeria’s President Buhari’s consent for the approval of...

Oil theft: Shell to combat oil theft with acquisition of

Dutch oil giant, Shell Petroleum Development Company (SPDC) says it will acquire drones to monitor its pipelines and wellheads in the Niger Delta region. Igo...

I’m committed to your success, Obasanjo assures new Olowu

The Balogun of Owu in Abeokuta, Ogun State, Chief Olusegun Obasanjo has assured his unalloyed support for the new The new Olowu of Owu...

10 feared dead as explosion rocks illegal refinery in Abia

Barely two weeks after the death of over 100 operators of illegal refineries on Ohaji Egbema in Imo State, reports indicate that about 10...

Russia- Ukraine war: EU embargoes Russia oil, turns to Nigeria, others for supply

Reports indicate that the European Union is on the verge of slamming Russia with an oil embargo as a punishment for its invasion of...

Oil price hits $85 a barrel

Oil price surpassed $85 a barrel for the first time in three months. On Wednesday, Brent crude futures, the global benchmark, rose 1.66% to $85.11...

Senate directs oil companies to relocate headquarters to Niger Delta

The Nigerian senate has asked international oil companies (IOCs) operating in the Niger Delta region to relocate their headquarters to their states of operation. The...

Oil price tops $80 per barrel…highest ever in three years

Oil prices continued to surge as Brent crude, global oil benchmark, climbed a three-year high amid increasing demand for the commodity. At 11.25 am Tuesday,...

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