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21 February 2017, Eket – U.S. oil major ExxonMobil has laid off additional 89 workers in a gale of retrenchments that started in the company last year. A top source in the company made the disclosure in an interview with journalists  at Mkpanak in the Ibeno Local Government Area of Akwa Ibom on Tuesday. The...

*Russia’s offshore Arctic drilling. 21 February 2017, Moscow — Russia overtook Saudi Arabia as the world’s largest crude oil producer in...

Dr. Emmanuel Ibe Kachikwu. 21 February 2017, Lagos — The Minister of State for Petroleum, Dr. Ibe Kachikwu, has clarified the $50-$100 billion said...

*Nigerian troops scouring through the marshes of the creeks. 21 February 2017, Lagos — Gunmen suspected to be militants that have been terrorising Lagosians,...

*Mohammed Sanusi Barkindo, Secretary General of OPEC. REUTERS/Remo Casilli. 21 February 2017, London — Oil prices rose more than $1 a barrel on Tuesday...

*The Organization of the Petroleum Exporting Countries, OPEC, headquarters, Vienna, Austria. REUTERS/Heinz-Peter Bader. 21 February 2017, Sweetcrude, Vienna,...

*Central Bank of Nigeria. …Orders banks to open FX outlets in airports Kunle Kalejaye 20 February 2017, Sweetcrude, Lagos — The Central Bank...

20 February 2017, Lagos – Africa-focused oil and gas company Lekoil aims to ramp up production from the Otakikpo Marginal Field, located in Nigeria’s...

*MT Jazi vessel. Kunle Kalejaye 20 February 2017, Sweetcrude, Lagos — Nigeria’s petroleum watchdog, Department of Petroleum Resources, DPR has...

*Yemi Osinbajo, Vice President of Nigeria. Oscarline Onwuemenyi 20 February 2017, Sweetcrude, Abuja – Acting President, Prof Yemi Osinbajo, has approved...