ABUJA – The Nigerian Petroleum Development Company is set to boost the nation’s crude oil production by additional 100,000 barrels per day from 2015 after tortuous...
LONDON – Oil futures were down in London trading Friday after both contracts hit highs not seen since Jan. 2 in the prior session, prompting some...
ABUJA – The Nigerian National Petroleum Corporation (NNPC) Thursday debunked media reports of an imminent scarcity of fuel supply in the country. Responding to media reports...
ABUJA – The Nigerian Maritime Administration and Safety Agency, (NIMASA), and the National Oil Spill Response and Emergency Agency, (NOSREA), have ordered Shell to pay N1.84...
ABUJA – Leading indigenous energy group Oando Plc plans to seek shareholders’ approval to raise up to N250 billion ($1.5 bn) via debt or equity. The...
WASHINGTON – Exxon Mobil Corp, the world’s largest publicly traded oil company by market value, posted lower-than-expected quarterly profit on Thursday as it failed to offset...
LAGOS – Lagos Deep Offshore Logistics (LADOL) an indigenous oil servicing company has obtained an order from a Federal High Court in Lagos, restraining Samsung Heavy...
LONDON – The price of oil was little changed Thursday after a big drop in heating oil supplies was offset by the Federal Reserve’s decision to...
WASHINGTON – ConocoPhillips said its fourth-quarter earnings rose 74%, boosted by a gain from the sale of its Algeria business, while revenue and production declined. ConocoPhillips...
DUBAI – Brent rose to 108 dollars a barrel on Thursday as bitter cold across the northern Hemisphere boosted heating oil demand. However, the U.S. Federal...
