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.

Shell’s oil spill polluted over 113 hectares in Bayelsa – Report

EditorOctober 9, 2018

by EditorOctober 9, 20180865

By Thompson ABISOLA Leakage from an oilfield operated by Shell Petroleum Development Company (SPDC) at Aghoro community in Bayelsa has discharged some 1,114 barrels of

Featured Gas Oil

Offshore wind firm Orsted expands U.S. business with $510m acquisition

EditorOctober 9, 2018

by EditorOctober 9, 20180767

By Thompson ABISOLA Orsted, the world’s largest offshore wind developer, said on Monday it would buy U.S.-based Deepwater Wind LLC for $510 million as part

Featured Gas Oil

Oil drops to around $83 on expectations Iran will maintain some exports

EditorOctober 9, 2018October 9, 2018

by EditorOctober 9, 2018October 9, 20180817

By Thompson ABISOLA Oil dropped to around $83 a barrel on Monday, pressured by expectations that some Iranian oil exports will keep flowing after the

Featured Gas Oil

Tanker explosion: Senator donates N2m to victims

EditorOctober 7, 2018

by EditorOctober 7, 20180846

By Aliyu DANLADI Sen. Tayo Alasoadura, representing Ondo Central Senatorial District on Saturday donated N2 million to victims of the recent Akure tanker explosion, to

Featured Gas Oil

Oil, Gas export sales up to $416m

EditorOctober 5, 2018

by EditorOctober 5, 20180792

By Thompson ABISOLA The Nigerian National Petroleum Corporation (NNPC) says a total of crude oil and gas export sales of 416.07 million dollars was realised