Sirius Petroleum, the Africa-focused oil and gas production and development company, has signed a memorandum of understanding with Baker Hughes. The MoU names Baker Hughes as...
Oil prices climbed on Wednesday after industry data showed U.S. crude and product inventories fell more sharply than expected last week, reinforcing expectations that demand will outstrip...
Oil price inched higher on Tuesday despite the fast spreading COVID-19 Delta variant. Brent crude oil, against which Nigerian oil is priced gained, $0.20 or 0.27...
Goldman Sachs Group, an American multinational investment bank and financial services company, has revised down its Brent oil price projection for the third quarter (Q3) of...
Oil prices rose about $1.50 a barrel on Thursday, extending gains made in the previous three sessions on expectations of tighter supplies through 2021 as economies...
The Organisation of Petroleum Exporting Countries and allies (OPEC+) on Sunday agreed to restore Nigeria’s oil production to 1.829 million barrels per day (mbpd) following a...
Brent crude oil, the global benchmark for Nigerian type of oil, declined from $77.16 a barrel it reached on Monday, July 5, 2021 to $73.81 a...
Nigeria’s biggest oil and gas exploration and production company, Seplat Energy Plc, said it hopes the passage of the country’s long-awaited Petroleum Industry Bill by lawmakers...
Crude futures slipped on Monday as concerns over slowing global growth outweighed the prospect of tightening supply after talks among key producers to raise output in...
Nigeria’s oil production decline further in the month of June, according to the latest survey from S&P Global Platts. Africa’s largest oil producer, produced 1.48 million...
