Shell Petroleum Development Company of Nigeria and ExxonMobil are presently faced with huge remediation costs over their failure to properly decommission and cap oil and gas assets across the Niger

  Oil prices rose over three per cent on Monday on hopes that the Omicron COVID-19 variant would have limited impact on global demand in 2022, even as surging cases

Apple Inc (AAPL.O) said on Monday it had closed all of its seven New York City retail stores due to an increase in COVID-19 cases as the Omicron variant rages

US holiday sales rose at the fastest pace in 17 years, even as shoppers grappled with higher prices, product shortages and a raging new COVID-19 variant in the last few

One of Nigeria’s leading energy conglomerates, the Sahara Group, has released its 2020 Sustainability Report which further reiterated its commitment to creating shared value for its various stakeholders through economic

Commercial airlines around the world canceled more than 5,900 flights over the Christmas weekend, as a mounting wave of COVID-19 infections driven by the Omicron variant created greater uncertainty and

Egyptian General Petroleum Corporation (EGPC) has signed an agreement with Italian energy group Eni (ENI.MI) for oil exploration in the Gulf of Suez and Nile Delta regions worth “not less

The European Union can only blame its own policies for record gas prices as some of its members resell cheap Russian gas at much higher prices within the bloc, Russian

The already beleaguered power sector faces even more challenges this yuletide season with severe gas shortages hitting a number of the country’s electricity supply assets, THISDAY learnt Thursday. Aside the

Titan Trust Bank Limited (TTB) has become the majority shareholder in Union Bank of Nigeria Plc. This followed an agreement by Union Global Partners Limited, Atlas Mara Limited and other

The Board of Seplat Energy on Thursday announced that it has terminated the appointment of Austin Avuru as a Non-Executive Director of the company, due to alleged breaches of the

World’s second-biggest miner Rio Tinto Group has agreed to buy a lithium mine in Argentina for $825 million as the company accelerates its push into battery materials. The top mining

Oil prices steadied on Tuesday after a sharp fall in the previous session as investors worried about the rapid spread of the Omicron coronavirus variant and the impact of renewed

Compliance with oil production cuts by the Organisation of Petroleum Exporting Countries (OPEC) and its allies known as OPEC+ stood at 117 per cent in November, up from 116 per

Electric-car maker Tesla Inc’s Chief Executive Officer Elon Musk said on Sunday on Twitter that he will pay more than $11 billion in taxes this year. Earlier this week, Democratic

The Federation Accounts Allocation Committee (FAAC) has shared a total of N675.946 billion to the federal government, states, and local government councils as the Federation Account revenue for November, as

The Debt Management Office (DMO) has clarified that loans from China to Nigeria, which presently stood at $3.59billion were largely concessional as no national asset was tagged as collateral. The

Tesla Inc) was hit by a lawsuit over CEO Elon Musk’s social media posts including his Twitter poll on stock sales that pulled down its stock prices. Tesla investor David

In what is evidently a battle for the control of FBN Holdings (FBNH), Remi Babalola on Friday resigned as Chairman, Board of Directors of the company, two days after FBNH