Lagos State Governor, Akinwunmi Ambode on Wednesday said that the commencement of crude oil production…
Tag: oil
Ghana’s second oil field to pump first oil today
Ghana second commercial oil field, the Deep Water Tweneboa-Enyenra-Ntomme (TEN), will start pumping oil from today…
Buhari orders NNPC to commence oil exploration in Benue trough
President Muhammadu Buhari has ordered the Nigerian National Petroleum Corporation (NNPC) to commence the search for…
Employment in oil and natural reduces by 26% globally
Data obtained from the United States Energy Information Administration (EIA) has put the continued decline of…
Oil slides lower on oversupply woes
Oil prices extended losses on Wednesday after industry data showed a rise in US crude stockpiles,…
Nigeria’s oil faces threat as Saudi Arabia cut prices
Saudi Arabia, the world’s largest crude oil exporter, has cut all official selling prices for its…
Oil rebounds from losses but oversupply concerns remain
Oil rebounded on Tuesday after falling by up to 10 percent in one week, but investors…
We will resolve oil workers’ issues – Kachikwu
Minister of State for Petroleum Resources,Ibe kachikwu, has assured that all issues raised by oil…
Oil price falls on improving supply outlook, economic worries
Oil prices fell on Thursday as the prospects for supply improved while the economic outlook darkened,…
Nigeria’s oil earnings dip by 34.1% in Q1, 16
Nigeria’s earnings from crude oil and gas, Petroleum Profit Tax (PPT) and Royalties declined by 34.1…
Court ruling could cast shadow over Brazil’s offshore oil sector
A Brazilian appeals court has ruled that a Liberian mortgage is invalid for a Brazilian-owned oil…
Oil eyes $50 per barrel as outages, global stocks rally
Oil rose to six-month high near $50 per barrel on Tuesday boosted by investors demand for…