Category : Oil

Latest and breaking oil news from various energy sector around the world. Our news analysis covers Fossil fuels and alternative energy

Why Oil News?

Oil has been the world’s most important source of energy since mid-1950s. Its products underpin modern society, supplying energy to power industry, heat homes, fuels for vehicles and various means of transportation to carry goods and people all over the world.

For this reason, it is important we stay informed on one of our high-priced goods to ensure our resources are safe and secured.

NCDMB committed to anti-corruption initiatives, rewards winners of debate contest

EditorDecember 6, 2024December 6, 2024

by EditorDecember 6, 2024December 6, 20240124

Photo caption: Executive Secretary, NCDMB, Engr. Felix Omatsola Ogbe. By Emeka Ugwuanyi The Nigerian Content Development and Monitoring Board (NCDMB) has reaffirmed its commitment

Energy Gas Oil

NCDMB ends 2024 PNC, pledges to further deepen community and industry engagements

EditorDecember 6, 2024December 6, 2024

by EditorDecember 6, 2024December 6, 20240106

Photo caption: PNC 2024 Forum participants By Emeka Ugwuanyi The Executive Secretary, Nigerian Content Development and Monitoring Board (NCDMB), Engr. Felix Omatsola Ogbe, on

Energy Gas Oil

BP seeks buyers for US natural gas pipeline system stake, sources say

EditorDecember 6, 2024

by EditorDecember 6, 2024099

Photo caption: BP logo BP is seeking buyers for a stake in its U.S. natural gas pipeline network, four people with knowledge of the

Energy Oil

Oil prices drop, set for weekly loss even after OPEC+ extends output cuts

EditorDecember 6, 2024

by EditorDecember 6, 20240104

Photo caption: Oil Oil prices fell 1% on Friday and were headed for a weekly loss as analysts projected a supply surplus next year

Energy Gas Oil

Chevron CEO highlights Nigerian Content development commitment at PNC Forum

EditorDecember 5, 2024

by EditorDecember 5, 20240134

Photo caption: Chairman and Managing Director, Chevron Nigeria Limited, Jim Swartz. Nigerian content development is critical for the growth and development of the nation

Energy Gas Oil

Shell and Equinor to create the UK’s largest independent oil and gas company

EditorDecember 5, 2024

by EditorDecember 5, 20240124

Photo caption: Shell logo Equinor UK Ltd, a subsidiary of Equinor ASA (OSE: EQNR, NYSE: EQNR, “Equinor”) and Shell U.K. Limited, a subsidiary of

Energy Gas Oil

NCDMB earmarks N15bn for local contractors

EditorDecember 5, 2024

by EditorDecember 5, 20240102

Photo caption: Executive Secretary NCDMB, Felix Ogbe The Executive Secretary of the Nigerian Content Development and Monitoring Board, Felix Ogbe, has disclosed that N15bn

Energy Oil

Fuel imports hit 2.3bn litres despite local production

EditorDecember 5, 2024

by EditorDecember 5, 20240134

Photo caption: Petrol Despite the commencement of petrol production by two major refineries in Nigeria in the last three months, oil marketers have continued

Energy Gas Oil

Nigerian Content hits 56%, Ministers and stakeholders hail Board

EditorDecember 4, 2024December 4, 2024

by EditorDecember 4, 2024December 4, 20240191

Photo caption: The Executive Secretary, NCDMB, Engr. Felix Omatsola Ogbe in a group photograph with Honourable Minister of State for Petroleum Resources (Oil), Senator Heineken

Energy Gas Oil

PNC Forum 2024: Shell commits to support Nigerian companies

EditorDecember 4, 2024December 4, 2024

by EditorDecember 4, 2024December 4, 20240130

Photo caption: At the ongoing Practical Nigerian Content Conference & Exhibition in Yenagoa, Bayelsa State… Shell Companies in Nigeria General Manager Nigeria Content, ‘Lanre Olawuyi,

April 2019 Edition