Operator produces first oil from shallow-water project off Bayelsa

  Nigerian operator First E&P has started oil production from a shallow-water project located offshore Nigeria…

Ship spills fuel oil off Mauritius

  Fuel oil has started to wash ashore from the leaking bulk carrier MV Wakashio that…

Oil rises to two-month high amid demand recovery

  Oil rose to levels not seen since COVID-19 lockdowns paralyzed the world’s largest economy, lifted…

Buhari: What we earn from oil does not meet our needs 

  President Muhammadu Buhari says although Nigeria is rich in petroleum resources, the earnings from oil…

Nigeria earned $21bn from oil, gas sector in 2017 – NEITI

  The Nigeria Extractive Industries Transparency Initiatives (NEITI) says Nigeria earned 21 billion from the oil…

Two sent to prison in Rivers for illegal dealings in oil

  A Federal High Court sitting in Port Harcourt, Rivers State has sentenced Michael Adamu to…

Buhari presents N8.1tr 2020 budget, pegs oil benchmark at $57

  President Muhammadu Buhari has presented the 2020 appropriation bill with total expenditure of N10.73 trillion…

Senate approves MTEF, raises oil benchmark to $57

  The Senate has approved the 2020 Medium Term Expenditure Framework (MTEF) and Fiscal Strategy Paper…

Iran says tanker oil sold at sea, buyer sets destination

  Iran’s envoy to London said on Wednesday the oil cargo of tanker Adrian Darya 1…

Ship owner, master face trial for dumping oil off Australia

  A shipowner and a master are facing trial after being accused of discharging around 90…

Iran sells off oil on tanker seized by Gibraltar 

  Iran has sold the oil on the tanker which was detained by Royal Marines off…

U.S. exempts oil majors from Venezuela sanctions

After the U.S. president signed an Executive Order on August 5 blocking all Venezuelan government property…

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