The presidential candidate of the Allied People’s Movement (APM), Seyi Makinde, on Monday said Nigeria’s crude oil must deliver real and measurable benefits to Nigerians, calling for greater transparency across…
Read More Nigeria’s oil must provide measurable benefits to Nigerians, says Makinde
Oil prices spiked higher on Friday after Israel attacked Iranian nuclear and military facilities, rattling global markets and stoking fears of a broader conflict in the region. US oil and…
Read More Oil surges to biggest single-day gain since 2022 as Israel-Iran tensions escalate
Our reporter/ The Federal Government has introduced new fiscal incentives to boost foreign investments in Nigeria’s oil and gas sector. The two incentives were unveiled by the Minister of Finance…
Read More FG halts VAT on diesel, cooking gas to boost deep offshore investment
British energy giant Shell plans to cut hundreds of jobs from its oil and gas exploration division as part of a cost-cutting program announced last year, a person familiar with…
Read More Shell to cut hundreds of jobs
Russia is now the largest producer of oil globally for the second consecutive month, toppling Saudi Arabia into second position. Data from the Russian Federal State Statistics Service revealed that…
Read More Russia overtakes Saudi Arabia as world’s largest oil producer