Ambode inaugurates committee to prevent re-occurrence of the Niger Delta issues in Lagos

The Governor of Lagos State, Akinwunmi Ambode, has inaugurated a 45-member Community Relations Committee in Badagry, to…

Chad wants to cut off Glencore’s oil supplies in debt row

Chad is on a collision course with top creditor Glencore as it wants to divert oil…

NNPC, JV partners search for oil in Lagos

The Nigerian National Petroleum Corporation (NNPC) says its committed to growing Nigeria’s crude oil reserves and increasing daily…

ExxonMobil’s Q3 earnings rise to $4 bn

Higher oil prices significantly boosted ExxonMobil’s third-quarter earnings, more than offsetting the hit to operations from…

Oil holds gains, supported by Iraq disruptions and drop in U.S. rigs

By Jite Eriabie  Oil prices held on to last week’s gains on Monday, supported by supply…

Oil holds gains, supported by Iraq disruptions and drop in U.S. rigs

Oil prices held on to last week’s gains on Monday, supported by supply disruptions in Iraq…

Oil jumps on fears of new Iran sanctions, Iraq conflict

Oil markets jumped on Monday over fears of potential renewed U.S. sanctions against Iran as well…

High cost of oil production in Nigeria

According to the Wall Street Journal, the United Kingdom, Brazil and Nigeria are the nations with…

Nigeria will drink her oil soon, says Ezekwesili

A former Minister of Education, Oby Ezekwesili, has said that Nigeria will be forced to drink…

Navy uncovers Lagos hotel used to siphon oil 

  Operatives of the Nigerian Navy (NN) have uncovered a hotel used to siphon petroleum products…

High cost of oil production in Nigeria

According to the Wall Street Journal, the United Kingdom, Brazil and Nigeria are the nations with…

Oil hits eight-month high as producers say market rebalancing

By Jite Eriabie  Oil prices rose on Monday to their highest in eight months after major producers said…