Oil prices climbed above $81 per barrel yesterday, following the release of the latest Monthly Oil Market Report (MOMR) by the Organisation of Petroleum Exporting Countries (OPEC) and projections ...

Justice E. A. Obile of the Federal High Court, Port Harcourt has ordered the court’s admiralty marshall to arrest and detain the crude oil cargo on board the Floating Production Storage and ...

Global upstream oil and gas activities in 2025 are poised for a focus on artificial intelligence (AI)-inspired efficiency, resource capture and strategic mergers. Global upstream oil and gas ...

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The Environmental Defenders Network (EDEN) has called for urgent intervention by the relevant authorities to stop the oil spill from a leaking wellhead and the resultant fire outbreak between ...

Crude oil prices remained stable today after dipping on Tuesday following the release of the Energy Information Administration’s latest Short-Term Energy Outlook. In the outlook, the EIA ...

This is as the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) in its latest oil production data, indicated that on a month-on-month basis, daily average oil output in December 2024 ...

The industry is pumping ever more oil and natural gas, but it is doing so with only about three-quarters as many workers as it employed a decade ago. By Rebecca F. Elliott Rebecca F. Elliott spoke ...

NEW YORK, Jan 14 (Reuters) - Oil prices will be under pressure over the next two years as global production growth outpaces demand, the U.S. Energy Information Administration said on Tuesday in ...

Oil prices rose to three-month highs on Friday on perceptions of tighter U.S. sanctions on Russia impacting Moscow's ability to maintain its crude exports to Asia, among other factors. At 9:30am ...

It anticipates the budget’s focus on boosting crude oil production to drive down inflation from its current rate of 34.6 per cent to 15 per cent by the end of 2025.