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.

Nigeria’s capital importation in Q2 stands at $5.513bn — NBS

EditorAugust 22, 2018August 22, 2018

by EditorAugust 22, 2018August 22, 20180777

By Thompson ABISOLA The National Bureau of Statistics (NBS), says the total value of capital importation into Nigeria stands at $5.5 billion in the second

Environment Featured Gas Oil

SPDC undertakes clean-up of Bayelsa, Delta communities

EditorAugust 20, 2018

by EditorAugust 20, 20180962

By Thompson ABISOLA The Shell Petroleum Development Company of Nigeria Limited (SPDC) has said it is undertaking the clean–up of areas recently affected by oil

Featured Gas Oil

NLNG: FG committed to commencement of Train-7 – Finance Minister

EditorAugust 20, 2018August 20, 2018

by EditorAugust 20, 2018August 20, 20180797

By Giwa SHILE The Minister of Finance, Mrs Kemi Adeosun, has said the Federal Government is committed to supporting the commencement of the Train-7 initiative

Featured Gas Oil

Oil prices slip over concerns of global economic slowdown

EditorAugust 18, 2018

by EditorAugust 18, 20180778

By Thompson ABISOLA Oil prices dipped on Friday, with U.S. crude heading for a seventh weekly decline amid increasing concerns about slowing global economic growth

Featured Gas Oil

NNPC seeks clarification on proposed Petroleum Asset Management Company

EditorAugust 17, 2018

by EditorAugust 17, 20180806

By Thompson ABISOLA The Nigerian National Petroleum Corporation (NNPC) on Thursday sought clarification on the funding structure of the proposed Nigerian Petroleum Asset Management Company

Featured Gas Oil

DPR assures of regular supply of petroleum products

EditorAugust 17, 2018

by EditorAugust 17, 20180781

By Thompson ABISOLA The Department of Petroleum Resources (DPR) has said it is working closely with the Nigerian National Petroleum Corporation (NNPC) to ensure regular

Featured Gas Oil

IPMAN suspends strike in Anambra as DPR faults demolition of filling stations

EditorAugust 17, 2018

by EditorAugust 17, 20180789

By Thompson ABISOLA The Independent Petroleum Marketers Association of Nigeria (IPMAN) at the Enugu Depot has suspended its one-day strike in Anambra State. IPMAN had

Featured Gas Oil

DPR tasks depot owners on need for fire-fighting trucks

EditorAugust 17, 2018

by EditorAugust 17, 20180872

By Thompson DANLADI The Department of Petroleum Resources (DPR) on Thursday said fire-fighting truck would henceforth be part of the prerequisites for the renewal of

Featured Gas Oil

Total assures on adding 200,000 barrels per day to Nigeria’s output

EditorAugust 17, 2018

by EditorAugust 17, 20180763

By Thompson ABISOLA Total E&P Nigeria limited has assured that it will by the last quarter of this year add 200,000 barrels of oil per

Featured Gas Oil

Stakeholders demand implementation timeline for PIGB.

EditorAugust 17, 2018

by EditorAugust 17, 20180790

By Giwa SHILE The Federal Government has been urged to set a definite timeline for the commencement of the implementation of the Petroleum Industry Governance

April 2019 Edition