Oil & Gas

British oil and gas exploration, development, and production holding Europa Oil & Gas announced on Wednesday the nonrenewal of its initial license for the exploration of offshore oil in Morocco’s …

The scarcity of the premium motor spirit, popularly called petrol, has continued to spread across many states, resurfacing in Abuja on Wednesday after disappearing briefly. It grew worse in Lagos, …

The average price of refilling a five-kilogramme cylinder of cooking gas rose by 70.62 per cent year on year in October, the National Bureau of Statistics (NBS) has said. The bureau said …

Nigerian businesses exported 36 per cent value-added products in the first six months of 2022, according to the Nigerian Export Promotion Council. Speaking at a press conference to announce the …

Nigeria now ranks seventh on Organization of the Petroleum Exporting Countries’ crude oil production list, according to the organization’s Monthly Oil Market Report for November, which examined oil production performance …

TotalEnergies is planning to explore for oil offshore South Africa’s West Coast, where environmental groups have increasingly opposed such activity.  The French explorer proposes to drill one well, which could …

The Federal Government has identified about 213 gas blocks that are open for investments. A document obtained by The PUNCH titled, “Nigeria’s Cretaceous Basins: The Potentials for Gas,” put together by the …

The increase in the price of fuel, scarcity of foreign exchange, and disruption in food supply chain pushed headline inflation to a new record high of 21.09 per cent in …

Following their weak corporate earnings, investors have shunned listed companies on the Nigerian Exchange Limited’s Alternative Securities Market Board. A total of four companies comprising Capital Oil Plc, Rak Unity …

Eskom has revealed that a section of the Kusile unit 1 flue gas duct has failed and could remain offline for months. The power utility explained that the duct is …