Senate To Investigate Kachikwu Over Oil, Gas Lease Renewal

Anxious by the irregularities in the ongoing oil and gas lease renewal and massive loss of government revenue, the Senate on Wednesday mandated its Committee on Petroleum Resources Upstream to investigate the Minister of State for Petroleum Resources, Ibe Kachikwu and the Department of Petroleum Resources, DPR.

ExxonMobil: Workers Protest Against Sacking 860 Nigerians

The Lagos headquarters of ExxonMobil has been shut down by the company’s workers’ unions over the sacking of 860 spy police without entitlement. The workers besieged the office of the oil company, protesting the sacking of workers, mainly Nigerians, on Tuesday in Lagos. The protesters accused the company of sacking the 860 Nigerian workers most […]

Analysts Revise Oil Price Outlook to 2019

BMI Research announced Thursday that it has revised up its oil price outlook for the next two years.  the research firm revealed that it now forecasts an annual average for Brent crude oil of $75 per barrel for 2018 and $80 per barrel for next year. “This compares to our previous forecast of $73 per […]

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