Oil prices hit $80 a barrel on Thursday for the first time since November 2014 on concerns that Iranian exports could fall due to renewed U.S. sanctions and reduce supply in an already tightening market. Read More...
The Niger Delta militants have warned Fulani herdsmen to steer clear of the region.
They also vowed to deal with any Niger Delta governor who allowed cattle colony. The Coalition of militants gave the warning yesterday in Port Harcourt… Read More...
Oil prices is expected to rise further as the Organisation of Petroleum Exporting Countries (OPEC) and non-OPEC talks ended with an agreement to extend the production cut deal through the end of 2018. Read More...
Oil prices were lower on Friday but on course for weekly gains, the third in a row in the case of Brent as the clean-up after hurricane in the United States gathers pace and the outlook for demand rise. Read More...
The ongoing restructuring of the Nigerian National Petroleum Corporation, NNPC received fresh impetus on Tuesday with the appointments and deployments of top executives across the value chain of its operations.
Group Managing Director… Read More...
A livid vice chancellor, whose brother was among those killed, faulted claims made last Wednesday by the spokesperson of the Nigeria Army, Sani Usman, who had told the media that soldiers had rescued the kidnapped officials.
Speaking… Read More...
“About 10 staff from the survey and geological department of the University of Maiduguri were abducted on Tuesday,” said Ndu Ughamadu of the Nigerian National Petroleum Corporation. Read More...
The Nigerian Union of Petroleum and Natural Gas (NUPENG(, has given the Federal Government 21 days to halt the mass sack of its members by oil majors or face mass action from the union.
A communique just issued by the Central Working… Read More...
The Niger Delta Avengers say they have bombed the Bonny crude export line in Rivers State, Nigeria’s Niger Delta region.
In a statement on its website, the group said it “brought down oil production activities at the Bonny 48 inches!-->… Read More...