By Bolaji Adekunle A Federal High Court sitting in Lagos on January 30 sentenced a businessman, Kenneth Amadi, to 18 months imprisonment over a fraud of...
President of Senate, Ahmad Lawan has pushed for a cost reduction in the production of crude oil by International Oil Companies operating in Nigeria. According to...
The oil and gas business is big money business and not for the faint hearted. Before 1993, the game was reserved for the big players, the...
Nigerian stocks climbed to an eight-week high on Wednesday lifted by gains in shares of energy companies after global oil prices rallied. Recovering after two days...
Mr Ahmadu Kida-Musa, Deputy Managing Director, Deep Water District of Total Exploration and Production Nig. Ltd., says there are still billions of barrels of oil and...
Crude oil price has climbed above 80 dollars per barrel for the first time in three-and-a-half years amid simmering global tensions over Iran. Brent crude has...
NNPC has issued crude export contracts that are expected to last two years instead of the usual one year, trading sources familiar with the matter said...
France has condemned as “unacceptable” US move to re-impose sanctions on companies like Total, Airbus and Peugeot trading with Iran. The action from Washington followed President...
Niger Delta Avengers have threatened on Wednesday to attack off-shore oil facilities within days, raising fears of a repeat of a 2016 wave of violence that...
Nigerian National Petroleum Corporation is looking to set up a $3.5-$5 billion cash-for-crude prepayment with some of the world’s top commodity traders to fund oil and...