Saudi state-oil giant Aramco is in advanced talks to acquire a roughly 20 percent stake in Reliance Industries Ltd’s oil refining and chemicals business for about...
President Muhammadu Buhari has signed the Petroleum Industry Bill 2021 into law. The President assented to the Bill on Monday, a State House statement said. With...
Oil prices declined by more than one percent on Monday as concerns regarding slowing China’s economic activity weigh on market sentiment. Brent crude oil, against which...
U.S. investment bank Goldman Sachs said a recent call by the United States to OPEC+ to boost oil output is unlikely to result in higher production...
Oil prices rose on Wednesday as the bullish outlook for U.S. demand outweighed concerns of the rising COVID-19 Delta variant. The Brent crude oil, against which...
Bitcoin, the world’s most dominant crypto asset rose above $45,000 on Tuesday morning as more institutional investors jumped on the rising trend following weeks of bearish...
Crude oil prices declined by 3 percent on Monday during the Asian trading session as rising U.S. Dollar and COVID-19 related restrictions are predicted to halt...
The Nigerian National Petroleum Corporation (NNPC) has said it would outline policies to guide its joint venture partners (JVC) that wish to divest from joint ventures...
Nigeria may end up spending N2 trillion on petrol subsidy this year if the current situation persists, the Group Managing Director, Rainoil Limited, Dr Gabriel Ogbechie,...
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...
