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Atlas Petroleum Intl restarts devt of OML 109 in Nigeria

Atlas Petroleum International has resumed workover activities and well interventions on OML 109 in Nigeria in order to enhance production from the Ejulebe marginal...

NNPC moves to reduce crude oil production cost to $10 per...

The Group Managing Director, Nigerian National Petroleum Corporation (NNPC), Mr Mele Kyari, has insisted that the reduction of Unit Operating Cost (UOC) of producing...

Crude oil prices surge on OPEC+ cuts agreement, record China imports

Crude oil climbed on Monday after major producers agreed to extend a deal on record output cuts to the end of July and as...

Crude Oil: Demand firms as OPEC+ meeting looms, Angolan sells

A fresh indication is has emerged as traders in the international oil market said Interest in Nigerian crude was set to rise as the...

Low Oil Prices: Nigeria risks production shutdown, fiscal crisis – Experts

Except extreme measures are taken by the Federal Government in the light of the dwindling crude oil prices and the looming global economic downturn,...

Canada, Texas, others to cut crude oil production – Trump

Amid a glut in energy supplies and shortages of storage that led to massive drops in prices on the market, Texas, Oklahoma, and North...

Nigeria records crude oil, gas sale of $434m in January –...

The Nigerian National Petroleum Corporation( NNPC) says  the country recorded crude oil and gas export sale of 434.85million dollars in January. The corporation disclosed this...

Refiners shuns Nigeria’s crude, as 50m barrels remain offshore – Platts

S&P Global Platts, a Global energy data, financial information and analytics company, said that 50 million barrels of Nigerian crude oil for late April...

COVID-19 lockdowns push Bonny Light to 18-years low at $20/bbl

*As outbreak diminish demand Nigeria's premium grade of crude oil on Monday declined to $20 per barrel, bbl, even the fears that the global Coronavirus...

Coronavirus: Oil price loses gains, dips to $22 per barrel

The price of crude oil, Monday, tumbled with Nigeria’s premium grade, Bonny Light, trading at $22.46 per barrel. Other international grades, Brent and WTI also...