Oil & Gas

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 …

Oil prices rose on Monday after Saudi Arabia and Russia, the world’s two largest oil exporters, reaffirmed their commitment to extra voluntary oil supply cuts until the end of the …

The Dangote Refinery, Africa’s largest oil refinery with a capacity of 650,000 barrels per day, is set to receive crude oil from the Nigerian National Petroleum Company Limited (NNPCL) in …

Oil prices experienced a boost in tandem with the broader financial markets following a signal from the Federal Reserve suggesting that an imminent interest rate hike might not be in …

Nigeria is putting more capital into its midstream gas sector to close the critical infrastructure gap that hinders its economic growth, according to the Special Adviser to President Tinubu on …

TotalEnergies, a global oil and gas company, has shown its commitment to developing its host communities in Nigeria by fully funding five trusts with $15 million. The trusts, known as …

The Oil Producers Trade Section (OPTS), affiliated with the Lagos Chamber of Commerce and Industry, revealed Nigeria’s outstanding $1.3 billion debt to gas producers for supplied products. They urged the …

The Senate’s recent move to reclaim the alleged N11.3 trillion spent on Turn Around Maintenance (TAM) for the nation’s defunct refineries has drawn skepticism from civil society organizations, oil and …

The oil and gas sector is welcoming a significant development in the North Sea, as the North Sea Transition Authority (NSTA) confirms the offer of 27 new exploration licenses as …

Angola, one of the world’s largest oil exporters, is set to boost its production capacity with a new offshore development in the Kwanza Basin, a region with abundant hydrocarbon resources. …