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16 October 2014, Lagos – Apart from the lack of political will to totally stop oil theft and illegal refining of crude, poverty, impunity, hopelessness and deprivation in the country are said to be worsening the situation. Oil theft, illegal refineries and other economic and environmental crimes, according...

16 October 2014, Abuja – The Federal Government has proposed $78 as the benchmark price for a barrel of crude oil and fixed the exchange rate at...

16 October 2014, Abuja – Commander, NNS Luguard Lokoja of the Nigerian Navy Commodore, Shuwa Muhammed, on Thursday said the Navy had impounded a 40-meter-length wooden boat conveying about 65,000 liters of petroleum products said to be diesel or crude oil from bunkerers on the River Niger. He said the boat was discovered at a marshy area on River Niger around Lokoja...

16 October 2014, Abuja – The Nigerian government is to spend the sum of N971 billion to subsidise the supply of petrol to Nigerians in 2015, an indication...

16 October 2014, Dakar - Senegal will award exploration licences for two offshore oil blocks by the end of the year, the head of state-run hydrocarbons...

16 October 2014 - US crude futures fell more than a dollar on Thursday in early Asian trades, extending a run of losses on concerns over weak oil demand...

16 October 2014, Sweetcrude, Vienna, Austria – The price of OPEC basket of twelve crudes stood at 81.89 dollars a barrel on Wednesday, compared with...

15 October 2014, Abuja – Saudi Arabia is quietly telling oil market participants that Riyadh is comfortable with markedly lower oil prices for an...

15 October 2014, Lagos – The operating environment has been challenging for companies given the poor state of infrastructure and high cost of doing...

15 October 2014, Abuja – The House of Representatives is to commence a full-scale investigation into the alleged non-payment of  levies of mergers...