Oil and Gas

Nigeria lost $42bn to oil theft in 10 years – NEITI

As per a verifiable reports from the Nigeria Executive Industries Initiatives, around $41.9bn worth of crude oil and refined products were…

Oil prices fall as crude build-up offsets hopes for U.S.-China trade talks

Oil prices fell on Wednesday, pulled down by a larger-than-expected build-up in U.S. crude stocks, after gaining for three straight…

Dangote: Nigeria will soon be exporting rice

The Dangote Group has pledged to change Nigeria’s narrative as a rice importing nation, to a major exporter of the…

NNPC saves over $3bn from arbitration

By Moses Obajemu The Nigerian National Petroleum Corporation has saved over $3bn from arbitration, Mele Kyari, the oil firm’s group…

We may have to worry about peak oil demand soon

By Mudashir Tunde   A peak oil demand might continue to result in its rise in value for the next…

Thieves stealing our 10,000bpd, Shell cries out

Shell Petroleum Development Company of Nigeria Limited has said it is losing about 10,000 barrels of oil per day from…

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