Oil & Gas

Nigeria, Africa’s largest oil producer, is losing billions of dollars in gas royalties and penalties due to its persistent gas flaring problem, according to a recent report by the Nigerian …

NNPC Ltd successfully mediated between PENGASSAN and TotalEnergies, leading to the restoration of 275,000 barrels of oil per day production.

In a remarkable financial development, the Nigerian Exchange Limited (NGX) Oil & Gas index has outperformed other indices on the bourse year-to-date (YtD). The NGX Oil & Gas index appreciated …

Africa’s richest man, Aliko Dangote, has revealed that his refinery has obtained a licence to refine more than 300,000 barrels of Nigerian crude oil per day and will begin to …

Oil prices have been on a downward trend for the past three weeks, as signs of weakening demand from major consumers such as China, the US and Europe overshadow the …

Two years into the enactment of Nigeria’s Petroleum Industry Act (PIA), the anticipated benefits for the oil and gas sector and the broader economy remain unrealized. Political interference and selective …

NNPC-Aiteo JV introduces Nembe crude, offering a low-sulphur, high-quality option to European markets at the Argus Conference in London.

Panoro Energy, an independent exploration and production company based in London, has announced a significant oil discovery at the Hibiscus South well on the Dussafu Marin Permit in Gabon. With …

Nigeria requires $7.6 billion to elevate oil output to 2.1 million bpd by 2025, amidst energy sector shifts.

Minister of State for Petroleum Resources Heineken Lokpobiri revealed ambitious plans to elevate Nigeria’s crude oil production to at least two million barrels daily by the end of 2023. During …