Oil price plunges to $22, lowest in 18 years
The international oil benchmark, Brent crude, plunged to its cheapest in 18 years on Monday as it traded around $22 per barrel. This
Rig count crashes most in 4 years as oil shock rocks US shale
The number of oil and gas rigs in the US fell again this week by 44, falling to 728, with the total oil and gas rigs clocking in at
Seplat grows profit 13.4% to $270m in 2019
By Omobayo Azeez Seplat Petroleum Development Company Plc recorded 13.4 per cent uptick in profit before deferred taxes to $270m for
Canada prepares multi-billion dollar bailout for its oil industry
The federal government of Canada is preparing a multibillion dollar financial aid package for the oil and gas industry and could
LNG Canada lays off 750 workers amid Coronavirus crisis
LNG Canada has laid off 750 people as a preventive measure against the Covid-19 pandemic before it reaches the construction site of
Oil slumps to 18-year low as Saudi Arabia ramps up price war
Oil prices plunged below $24 a barrel for the first time in almost 18 years after Saudi Arabia doubled down in its price war with
Breaking: FG reduces petrol price to N130 from N145
The federal government may have directed the reduction in the pump price of Premium Motor Spirit (PMS) from N145 per liter to about
More pain for Nigeria as oil sinks to $29
With the international oil benchmark, Brent crude, falling below the $30 per barrel mark on Monday, the oil-dependent Nigerian economy
Oil crash: Nigeria may lose $8.63bn in six months
Nigeria’s economy may slide into another recession as the sudden crash in crude oil prices is set to wipe $8.63bn from the expected
Rig count inches lower in dramatic week for oil
Baker Hughes reported that the number of oil and gas rigs in the US fell this week by 1 to 792, with the total oil and gas rigs