Oil & Gas

The International Energy Agency (IEA) has released its latest oil market report, forecasting a strong recovery in global oil demand in the next two years. According to the IEA, oil …

In Lagos, at the 41st annual international conference of the Nigerian Association of Petroleum Explorationists, the Nigerian National Petroleum Company Limited’s (NNPCL) Managing Director, Mele Kyari, raised concerns over the …

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 …