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.

170 drivers benefit from Shell Nigeria Gas Medicare programme in Ota

EditorAugust 29, 2018

by EditorAugust 29, 20180765

By Thompson ABISOLA No fewer than 170 commercial drivers benefited from general medical consultation and screening services of Shell Nigeria Gas (SNG) held as part

Featured Gas Oil

Nigeria export to Denmark rises by 157 % in 2018, says envoy

EditorAugust 29, 2018

by EditorAugust 29, 20180782

By Giwa SHILE Denmark ambassador to Nigeria, Torben Gettermann, said Nigeria export to Denmark rose by 156.6 per cent within the first three months of

Featured Gas Oil

Oil rises, world stock index at highest in over 5 months on NAFTA hopes

EditorAugust 29, 2018

by EditorAugust 29, 20180760

By Thompson ABISOLA An index of major world stock markets rose to its highest level in more than five months on Monday, following signs of

Featured Gas Oil

165.7m litres of LPG imported in Q2 – NBS

EditorAugust 27, 2018

by EditorAugust 27, 20180890

By Thompson ABISOLA The National Bureau of Statistics (NBS), said 165.71 million litres of Liquefied Petroleum Gas (LPG) was imported into the country in the

Featured Gas Oil

Shell, community disagree on spill impact

EditorAugust 27, 2018

by EditorAugust 27, 20180802

By Thompson ABISOLA A disagreement in the areas impacted by an oil leak on the Trans Ramos Pipeline within Shell’s oilfield at Aghoro communities in

Featured Gas Oil

Content Board to create 300,000 jobs in oil, gas sector

EditorAugust 25, 2018August 25, 2018

by EditorAugust 25, 2018August 25, 20180874

By Thompson ABISOLA The Nigerian Content Development and Monitoring Board (NCDMB) on Friday said it had commenced a 10-year development plan aimed at creating 300,000

Featured Gas Oil

Oil price rises as U.S. sanctions on Iran cloud supply outlook

EditorAugust 25, 2018

by EditorAugust 25, 20180779

By Thompson ABISOLA Oil price rose on Friday as United States sanctions on Iran are expected to cut significant volumes of crude from the market.

Featured Gas Oil

Why OB3 pipeline project is delayed, by Nestoil

EditorAugust 23, 2018August 23, 2018

by EditorAugust 23, 2018August 23, 20180805

By Meletus EZE Stakeholders in the petroleum industry have said Nestoil has been responsible for delay in delivering the East-West pipeline project also called Obiafu,

Featured Gas Oil

Oil approximately $74 on report of U.S. inventory drop, Iran sanctions

EditorAugust 23, 2018

by EditorAugust 23, 20180767

By Thompson ABISOLA Brent oil rose to approximately 74 dollars a barrel on Wednesday as an industry report showing a drop in U.S. crude inventories

Featured Gas Oil

IPMAN calls for urgent attention to repair of bad roads

EditorAugust 23, 2018

by EditorAugust 23, 20180793

By Thompson ABISOLA The Independent Petroleum Marketers Association of Nigeria (IPMAN) has called on the Federal Government to expedite action on the repair and reconstruction

April 2019 Edition