Oil and Gas

Oil prices climbed about $1 a barrel on Tuesday on hopes that major crude producers will agree to extend output...

The federal government, through the Department of Petroleum Resources, has put on offer 57 marginal fields for licensing as part...

The Nigerian National Petroleum Corporation has said it is looking to drive down the cost of producing a barrel of...

Despite the reduction in the price of petrol to N125 per litre, the product was sold above N130 per litre...

Oil prices rose on Tuesday, supported by signs that producers are following through on commitments to cut supplies and as...

Brent, the oil against which Nigeria’s crude is priced, has hovered around $35 per barrel for about one week, raising...

OPEC will regain its position as a dominant force on international oil markets after the world emerges from the current...

The federal government has shed more light on what it described yesterday as the full deregulation of the downstream petroleum...

Nigeria LNG Limited (NLNG) has signed the engineering, procurement and construction (EPC) contracts for its Train 7 Project with the...

Nigerians consumed about 1. 2 billion litres of petrol in January, with a daily utilisation rate of 38.6 million, a...