He said this digital system would also ensure that the database and the control centre were dedicated to tracking crude oil export from the point of loading to the final point. Minister of State for ...

Port Harcourt — A massive fire and explosion has destroyed two oil flow stations around the Cawthorne Channel in Bonny Local Government Area of Rivers State, with reports indicating loss of lives and ...

The Federal Executive Council has approved the award of a contract of $21 million for the metering of 187 crude oil flow stations in the Niger Delta. Minister of State for Petroleum Resources (Oil), ...

Lower oil prices and a focus on shareholder returns are leading US oil companies to drill less, slowing production growth. Efficiency gains have partially offset the decline in drilling activity.

The article explains that oil companies primarily receive tax breaks, not direct subsidies, and these tax breaks are similar to those given to other industries. Oil companies contribute billions of ...