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Oil Prices Slump on Trump’s Positive COVID-19 Result

•Buhari wishes him, wife speedy recovery Festus Akanbi in Lagos and Omololu Ogunmade in Abuja Oil prices slumped by about three per cent yesterday, hours after...

Nigerian Oil, Gas Suppliers Lament N320bn Loss, Back Deregulation

Emmanuel Addeh in Abuja The Natural Oil and Gas Suppliers Association of Nigeria (NOGASA) yesterday bemoaned its huge losses to the tune of N320 billion...

Oil Tops $70 over Middle East Tensions

•OPEC output slips as Nigeria, Iraq improve on compliance Ejiofor Alike with agency reports Crude oil prices rose over one per cent yesterday, pushing the global...

Sylva Eyes 5% Cut in Oil Production Cost

Chineme Okafor in Abuja The Minister of State for Petroleum Resources, Mr. Timipre Sylva, has said he is aiming to cut the cost of producing...

FG Laments High Oil Production Cost

•Says it’s threat to fiscal stability Emmanuel Addeh in Yenagoa The federal government yesterday expressed deep concern over the high cost of producing a barrel of...

Eland Shareholders Approve £382m Takeover by Seplat

Peter Uzoho Shareholders of Eland Oil & Gas Plc have given their backing to the £382 million takeover of the company by indigenous oil &...

Ghana to Spur Oil Production

Ghana plans to revise its laws on oil and gas licences in an effort to spur production and will revoke licences from four companies...

N’Assembly Invites 17 Oil Companies over Non- remittance of...

Senate adjourns plenary again for budget appropriation sessions Deji Elumoye in Abuja The National Assembly Joint Committee on Niger Delta Affairs yesterday asked 17 oil companies...

Oil Marketers Pledge Compliance to New Corporate Governance Code

Peter Uzoho Marketers of petroleum products in the country have agreed to work towards improving industry reputation as captured in the new Nigerian Corporate Governance...

2020 Budget: FG Retains $55 Benchmark Despite Oil Price Spike

•Buhari deplores attacks on Saudi oil refinery, pledges solidarity •OPEC assesses impact of drone assaults on market Ejiofor Alike in Lagos, Omololu Ogunmade, Ndubuisi Francis and...