The Organisation of the Petroleum Exporting Countries (OPEC) on Tuesday said Nigeria’s oil revenue rose by 116 percent in November. The oil cartel said the 116...
Crude Oil Declines Amid Rising COVID-19 Cases in the United States Oil prices declined by 1 percent on Tuesday following the persistent increase in the number...
Oil prices rose further on Wednesday as hope for an effective COVID-19 vaccine and the news that the United States of America’s President-elect, Joe Biden has...
The Nigerian National Petroleum Corporation (NNPC) said the nation begged global crude oil buyers to purchase Nigerian crude oil at $9 per barrel in April when...
Series of positive COVID-19 vaccine news bolstered oil prices in the early hours of Tuesday, while expectations that OPEC and allies are likely to extend production...
Transnational Corporation of Nigeria Plc and Efora Energy Limited has reached an agreement to settle all legal disputes on Oil Prospecting Licence 281 (“OPL 281”). In...
The OML30 operated by Heritage Energy Operational Services Limited in Delta State has been shut down by the host communities for failing to meet its obligations...
Lekoil, an indigenous oil and gas exploration company, announced a net loss of $7.9 million for the six months ended June 30, 2020. In its unaudited...
FG Generated $3.71 Billion from Crude Oil and Gas Exports between August 2019 and August 2020 The Federal Government realised $3.71 billion from crude oil and...
Oil Prices Recover from 4 Percent Decline as Joe Biden Wins Crude oil prices rose with other financial markets on Monday following a 4 percent decline...