LONDON – OPEC acknowledged it underestimated the significance of the North American energy boom as it tripled estimates for shale oil produced there and predicted a...
LONDON – Sudan is stepping up its exploration efforts with a plan to auction off five oil blocks in December, according to its petroleum minister. “We...
BENIN — The Nigeria Security and Civil Defence Corps, NSCDC, Edo Command, said it destroyed seven illegal refineries in the state, between January and November 2013....
ABUJA – The Management of the Nigerian National Petroleum Corporation (NNPC) has denounced the recent report by Swiss-based NGO (The Berne Declaration) accusing the corporation of...
WASHINGTON – Oil futures were higher in Asian hours Monday as investors cheered positive economic data out of the world’s two largest economies, the U.S. and...
YENAGOA – The Nigerian Content Development and Monitoring Board (NCDMB) and the Presidential Amnesty Programme are to collaborate towards integrating ex-agitators from the Niger Delta into...
… New law could cost oil firms tens of millions a year … Hundreds of oil spills occur every year in Niger Delta … Rights groups...
ABUJA – Shareholders of Japaul Oil and Maritime Services Plc may be in for a bad year as the nine months financial results has shown a...
LONDON – Brent crude oil was marginally up in London trading, while WTI had inched down, as the market absorbed Thursday’s news and awaited key data...
WARRI – Amnesty International has accused Nigeria’s biggest petroleum producer, Shell, of inaccurately documenting oil spills in an effort to avoid paying compensation and damaging its...
