Oil is widely relied upon across numerous industries, but its extensive use, combustion and extraction processes have ...

The Chief Executive Officer of the Association of Oil Marketing Companies (AOMC) Dr. Riverson Oppong has revealed that ...

In 1956, M. King Hubbert, a US geoscientist working for fossil fuel giant Shell, projected — based on statistical modeling of ...

The Federal Government, through the Nigerian National Petroleum Company Limited, has commenced a process to comprehensively ...

Heineken Lokpobiri, minister of state for petroleum resources (oil), says the Abigail Joseph floating, production, storage, ...

The Nigerian National Petroleum Company Limited and FIRST Exploration & Petroleum Development Company Limited Joint Venture ...

The fossil fuel industry has been embedded in the United Nations’ annual climate negotiation process for decades ...

Nigeria's national oil and gas company is seeking offtakers as it works to double production capacity for the new Utapate crude oil to 80,000 bpd by the end of 2025.

A group of investors led by Elliott Investment Management faces new obstacles to taking control of Venezuela’s oil refiner Citgo Petroleum in a court-ordered auction while seeking to shield themselves ...

The US Dollar Index broke a fresh two-year high after preliminary European PMIs cast a recession shadow over Europe.

JUNEAU, Alaska — President-elect Donald Trump promised repeatedly during his campaign to expand oil drilling in the U.S., ...

The Nigerian government's plan to sell crude priced in the local currency is faltering, with refiners, including the giant Dangote Oil Refinery, saying they are still unable to secure adequate ...