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Oil & Gas

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,...

Breaking: Justice prevails as Shell Petroleum Company bows to court order, agrees to pay Ogoni people N45.9bn compensation

On Wednesday, the Ogoni people of Rivers state finally got a favourable judgment at the Federal High Court in Abuja where  Shell Petroleum Company...

There will be no fuel price increase in July – NNPC

The Nigerian National Petroleum Corporation (NNPC) has said there will be no increase in the official price of Premium Motor Spirit (PMS) otherwise known...

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