SOMALIA says it is ready to begin its first offshore oil drilling operations, with a Turkish government-owned drilling ship expected…
Browsing: Oil
RUSSIA plans to send a second ship carrying oil to Cuba, the Russian energy minister has said, as the Caribbean…
PRESIDENT Bola Tinubu demonstrated foresight in July 2024, when he approved the use of the naira as the payment currency…
PRESIDENT Donald Trump has said the United States could stop attacking Iran within two to three weeks and that a…
SEVERAL African countries, including South Africa, Ghana and Kenya, are turning to Nigeria’s Dangote Refinery as fuel supplies from the…
SOUTH Korea said Thursday a fuel price cap would take effect from midnight to mitigate pressure on the country’s energy…
THE distance between Nigeria and Israel is approximately 3,642 kilometres (2,263 miles). If you are to fly directly from Lagos…
NIGERIA could see higher oil revenues amid escalating hostilities between the United States, Israel, and Iran, but energy experts warn…
UNITED States President Donald Trump has announced that Venezuela will turn over between 30 and 50 million barrels of sanctioned…
THE Nigerian National Petroleum Company Limited (NNPC Ltd.) has begun moves to sell stakes in some of its oil and…
THIS week, Nigeria witnessed a moment that crystallised public frustration, elite rivalry and institutional anxiety into a single, explosive narrative.…
THE Nigerian National Petroleum Company Limited (NNPCL) has deducted a staggering N235.6 billion between January and July 2025 to bankroll…
THERE is an ongoing war for the soul of Nigeria’s oil sector. The war is not for the faint hearted.…
OIL marketers have said that the bulk of jet fuel consumed locally is now being supplied by the Dangote Refinery.…
WHEN oil was discovered in Oloibiri, a small fishing community in Ogbia Local Government Area of Bayelsa State, in 1956,…
THE Central Bank of Nigeria Governor, Olayemi Cardoso, the Chief Executive Officer of the Nigerian National Petroleum Company Limited, Mele…
NNPC Group Chief Executive Officer, Mele Kyari, says he does not own a blending plant in Malta, adding that he…
THE Organisation of Petroleum Exporting Countries(OPEC) said Nigeria’s crude oil production month-on-month dropped by 7.94% to 1.322 million barrels per…
THE Special Adviser to the President on Energy, Mrs. Olu Verheijen yesterday said the administration of President Bola Tinubu opted…
RUSSIA will introduce a six-month ban on petrol exports from March 1 to ensure it has enough fuel to meet…