As crude oil deliveries bow to supply disruptions in the Middle East, oil giants, Exxon Mobil and Chevron have reported drops in profit in the first quarter of 2026 despite surging oil prices.

Exxon’s quarterly earnings fell to $4.2 billion from about $7.7 billion the same quarter last year, a...

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The Nigerian National Petroleum Corporation Limited (NNPC Ltd) and two Chinese companies, Sanjiang Chemical Company Limited and Xinganchen (Fuzhou) Industrial Park Operation and Management Co Ltd have entered into a Memorandum of Understanding (MoU), to use a Technical Equity Partnership (TEP) for...

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Saudi Arabia, Russia and five other OPEC+ countries increased their oil production quota on Sunday in an expected move aimed at demonstrating continuity at the cartel after the shock withdrawal of the United Arab Emirates.

The seven major producers will add 188,000 barrels per day to their total...

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The Nigerian Upstream Petroleum Regulatory Commission (NUPRC), has reiterated commitment to enabling a business-friendly environment and advancing the federal government’s gas agenda.

The Commission’s Chief Executive (CCE), Oritsemeyewa Eyesan, voiced the commitment during a visit by the...

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The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has said the indicative gantry price for aviation fuel released by Dangote Refinery will ensure market stability and compliance by marketers.

The agency’s Director of Public Affairs, Mr. George Ene-Ita, disclosed this...

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