Sunday, April 19, 2026
BP profits jump 71% in Q1 2018 on rising oil prices
Rising oil prices helped BP grow profits by 71 per cent in the first three months of 2018. The oil...
Read moreDetailsOil prices dip as prospects of sanctions against Iran thickens
Oil prices dipped on Monday following supply concerns amid prospects that the United States could reimpose sanctions on Iran, while...
Read moreDetailsBrent, WTI prices steady below 3-year high ahead of EIA supply data
Crude prices were little changed in early action on Wednesday, steadying below the more than three-year highs reached the previous...
Read moreDetailsUpswing in crude futures not yet ‘mission accomplished’- Saudi oil minister
Khalid al-Falih, Saudi Arabia's energy minister, warned oil traders Friday that a dramatic upswing in crude futures was little reason...
Read moreDetailsOil price remains close to three-year highs as ongoing supply cuts reduce inventories
Oil prices were firm on Friday near three-year highs reached earlier this week as ongoing OPEC-led supply cuts gradually drawn...
Read moreDetailsBudgIT decries govt’s lack of political will to control gas flaring as Nigeria loses N2.5bn yearly
BudgIT has advised the Nigerian government against the effects of gas flaring, which continues to contribute to irreversible environmental degradation,...
Read moreDetailsNigeria’ state oil company awards Oando, Oilserv Ajaokuta-Kaduna-Kano gas pipeline project
By Afolabi Oluwaseun A two-party consortium consisting of Oando Plc., in conjunction with its midstream affiliate, Axxela Limited (formerly known...
Read moreDetailsSaudi Arabia’s Aramco partners French company Total to build giant $9bn oil complex
Saudi Arabia's state oil giant Aramco is partnering with French energy company Total to build a giant petrochemical complex in...
Read moreDetailsNigeria state oil company signs contract agreements for 614km AKK project
The Nigerian National Petroleum Corporation (NNPC) has executed contracts for the engineering, procurement, construction, commissioning and financing for Lots 1&3...
Read moreDetailsBahrain discovers 80bn barrels of shale oil, significant amounts of tight gas
Sheikh Mohammed bin Khalifa Al Khalifa Bahrain, the Arabian Gulf island nation, has announced that it has discovered 80 billion...
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