Oil and Gas

The largest independent oil trader in the world, Vitol Group, is discussing the purchase of Venezuelan crude oil from a...

Baker Hughes reported that the number of oil and gas rigs in the US fell this week by 1­ to...

The management of the Nigerian National Petroleum Corporation has retired about 40 group general managers and general managers at the...

Rebalancing the oil market in a context of dropping demand and rising supply will take a while, energy expert Daniel Yergin told...

With the steep fall in crude oil prices this week, Nigeria and other members of the Organisation of Petroleum Exporting...

Acting Director-General of the Securities and Exchange Commission, SEC, Ms. Mary Uduk, yesterday, has called for emergency measures to insulate...

Africa’s richest man, Alhaji Aliko Dangote is set to diversify his business empire by venturing into the oil sector. The billionaire will...

The Saudi Energy Ministry has told Aramco to increase its oil production capacity to 13 from 12 million bpd, the...

Amid tumbling prices of crude oil, the federal government is set to cut the country’s 2020 budget. President Muhammadu Buhari...

  Between January 1 and March 6, Nigeria’s power sector lost N117.8bn, investigation has shown. Findings showed that the sector...