Oil prices tumbled more than 3% on Tuesday after Moderna’s CEO cast doubt on the efficacy of COVID-19 vaccines against the Omicron coronavirus variant, spooking financial...
Brent crude oil extended decline by over $10 on Friday on concerns that a new COVID variant called B.1.1.529 could force economies to impose restrictions and...
Concerns over rising new COVID variant in South Africa, Asia and other regions weighed on Brent crude oil and other financial assets on Friday. The heavily...
Following the damages done by AITEO leaking oil pipe to the people of Nembe community in Bayelsa state, the Federal Government has halted all operations in...
• CEO, Benny Peters Assures Affected Communities of Speed, Ecosystem Protection. Two weeks after a non-producing wellhead in the NembeLocal Government Area of Bayelsa State leaked...
The Federal Government has set a mandate to focus on a 100% increase in the nation’s production of crude oil. This commitment was made by the...
The oil sector contracted by 10.73 percent year-on-year and contributed just 7.49 percent to the total real Gross Domestic Product (GDP) in the third quarter (Q3)...
The African Export-Import Bank, also known as Afreximbank has given the Nigerian National Petroleum Corporation (NNPC) financial assistance to the tune of $1.04 billion, in order...
Oil prices fell on Wednesday after the International Energy Agency (IEA) and OPEC warned of impending oversupply and as COVID-19 cases in Europe increased the downside...
Nigeria’s Aiteo, a Lagos-based international oil and gas company has reported an oil spill that is classified as “extremely high order” from one of its wells...
