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.

Investigation of oil spill in Bayelsa community underway, says Shell

EditorJuly 6, 2018July 7, 2018

by EditorJuly 6, 2018July 7, 20180684

By Olamilekan FAWAS The Shell Petroleum Development Company (SPDC) says a Joint Investigation Visit (JIV) to Aghoro community in Bayelsa is underway to investigate the

Featured Gas Oil

Oil prices fall as Trump urges OPEC to cut prices, market anticipates China-U.S. trade tariffs

EditorJuly 6, 2018July 7, 2018

by EditorJuly 6, 2018July 7, 20180697

By Thompson ABISOLA Oil prices fell on Thursday after U.S. President Donald Trump sent a strident tweet demanding that OPEC cut prices for crude. The

Featured Gas Oil

We are discussing with World Bank on Nigeria’s petrol consumption data – NNPC

EditorJuly 5, 2018

by EditorJuly 5, 20180653

By Thompson ABISOLA The Nigerian National Petroleum Corporation (NNPC) has said it is presently discussing with the World Bank to determine the actual daily Premium

Featured Gas Oil

Chevron MD advocates sustained oil and gas investments

EditorJuly 5, 2018

by EditorJuly 5, 20180696

By Meletus EZE The Chairman/Managing Director, Chevron Nigeria Limited, Mr Jeff Ewing has called for collaboration by all stakeholders for the achievement of sustained investment

Featured Gas Oil

Shell urges FG on sustainability of JV Cash Call

EditorJuly 5, 2018

by EditorJuly 5, 20180642

By Olamilekan FAWAS Shell Petroleum Development Company of Nigeria Limited has called on the federal government to do all to sustain the current alternative funding

Featured Gas Oil

International oil coys laud NNPC for JV debt payment

EditorJuly 5, 2018

by EditorJuly 5, 20180700

By Olamilekan FAWAS International Oil Companies (IOCs) operating in Nigeria have commended the Nigerian National Petroleum Corporation (NNPC) for paying all the arrears of joint

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NNPC targets 1bn crude oil reserves yearly – Baru

EditorJuly 4, 2018

by EditorJuly 4, 20180651

By Olamilekan FAWAS The Group Managing Director of Nigerian National Petroleum Corporation (NNPC), Dr Maikanti Baru, said the Corporation would increase the country’s crude oil

Gas maritime Oil Transport

14 ships arrive Lagos ports with petrol, other products

EditorJuly 4, 2018

by EditorJuly 4, 20180653

By Meletus EZE At least,14 ships carrying various products are at Apapa and Tin-Can Island ports waiting to berth, the Nigerian Ports Authority (NPA) said

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I’ve never received a call from Buhari to give out oil blocks – Kachikwu

EditorJuly 4, 2018

by EditorJuly 4, 20180704

By Thompson ABISOLA The Minister of State for Petroleum Resources, Dr Ibe Kachikwu, says he has never received a call from President Muhammadu Buhari asking

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Nigeria plays strong, proactive leadership role in OPEC – Barkindo

EditorJuly 4, 2018

by EditorJuly 4, 20180732

By Thompson ABISOLA The Secretary-General, Organisation of Petroleum Exporting Countries (OPEC), Dr Mohammed Barkindo, says Nigeria has assumed a strong, proactive role in the oil

April 2019 Edition