ABUJA – The Senate Committee on Navy, on Monday, frowned on the starving of funds to the Nigerian Navy to fight the increasing rate of oil...
ABUJA – Anglo-Dutch oil giant Shell said on Monday that it intended to sell some assets in Nigeria after announcing a slump in global profits blamed...
ABUJA – Revenue earned by Nigeria this year may be as much as $12 billion short of budget estimates as theft of crude and output disruptions...
HERTFORDSHIRE – SkyVision Global Networks Ltd. , a leading global provider of IP connectivity over satellite and fiber optic systems, today announced its participation at the...
ABUJA – The Management of the Nigerian National Petroleum Corporation (NNPC) has described the Minna Depot fire incident as a minor challenge that was already being...
ABUJA – The Senate Committee on Petroleum (Downstream) has issued a two-week ultimatum to the Nigeria National Petroleum Corporation (NNPC) to provide it with details of...
NEW YORK – Chevron’s oil and gas production is rising, but weaker refinery results and foreign exchange losses are expected to offset those gains and keep...
NAIROBI – South Sudan is set to become almost self-sufficient in oil products within a year as two refineries enter production, saving Africa’s newest nation foreign...
WASHINGTON – U.S. oil futures fell Friday, on track for their fourth consecutive weekly decline, amid concerns about high supplies and weak demand, while reports of some...
ABUJA – The International Monetry Fund, IMF, yesterday, called on the Federal Government to implement timely policy actions to avert risk of oil price shock and...
