Oil & Gas

Oil steadied near $42 a barrel on Friday, heading for its first weekly drop in three, as surging coronavirus cases in the United States and Europe raise...

The Nigerian National Petroleum Corporation (NNPC) has disclosed that the volume of oil deposits Nigeria holds declined by 2.16 per cent between 2018 and 2019 and is...

Nigeria reimbursed oil companies including Exxon Mobil Corp. and Royal Dutch Shell Plc $3 billion, moving closer to clearing operating expense arrears owed since 2010. The payment...

BP is set to make around 7,500 compulsory redundancies after roughly 2,500 staff – or just over one in ten of those eligible – applied for voluntary...

OPEC and its allies fear a prolonged second wave of the COVID-19 pandemic and a jump in Libyan output could push the oil market into surplus next...

The third quarter was probably the worst ever for the oil and the refining industry, the chief executive of Italian refiner Saras SRS.MI said. “The whole of...

The OPEC+ group will look to ensure that prices do not plummet again as they did in the spring, OPEC’s Secretary General Mohammad Barkindo said on the...

Nigeria’s state oil company said its annual loss shriveled to just a few million dollars last year as costs shrank across its operations. Nigerian National Petroleum Corp....

Nigeria’s oil industry regulator, the Department of Petroleum Resources, said Oct. 13 that the country is now aiming to increase its oil reserves, including condensates, substantially to...

Oil major BP has confirmed plans to start shipping natural gas from Azerbaijan to Europe by the end of the year, as concerns about the military conflict...