Crude oil

Seplat grows profit 13.4% to $270m in 2019

By Omobayo Azeez Seplat Petroleum Development Company Plc recorded 13.4 per cent uptick in profit before deferred taxes to $270m…

Canada prepares multi-billion dollar bailout for its oil industry

The federal government of Canada is preparing a multibillion dollar financial aid package for the oil and gas industry and…

LNG Canada lays off 750 workers amid Coronavirus crisis

LNG Canada has laid off 750 people as a preventive measure against the Covid-19 pandemic before it reaches the construction…

Oil slumps to 18-year low as Saudi Arabia ramps up price war

Oil prices plunged below $24 a barrel for the first time in almost 18 years after Saudi Arabia doubled down in its…

Breaking: FG reduces petrol price to N130 from N145 

The federal government may have directed the reduction in the pump price of Premium Motor Spirit (PMS) from N145 per…

More pain for Nigeria as oil sinks to $29

With the international oil benchmark, Brent crude, falling below the $30 per barrel mark on Monday, the oil-dependent Nigerian economy…

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