Nigeria has set an ambitious target of 2.5 million barrels of oil per day by the end of the year, backed by Exxon’s $1.5 ...

Despite the declining global crude price, a ranking showing the world's top 10 largest producer countries has emerged, with ...

ExxonMobil is committing $1.5 billion to deepwater oil and gas exploration in Nigeria, reflecting its confidence in the ...

Nigeria's Renaissance Africa Energy Co. Ltd has halted oil shipments via its Okordia-Rumuekpe pipeline in the coastal Rivers state following a spill, the independent oil firm said on Tuesday.

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Nigeria’s crude oil production declined from 98% of the Organisation of Petroleum Exporting Countries (OPEC) quota of February 2025 to 93% of the quota in March 2025. In its document titled ...

So, why is this happening? Global tensions, particularly between the US and China, have slowed demand for oil. Additionally, OPEC+ countries have ramped up production, increasing supply and pushing ...

After months of battling gas supply problems, Nigeria's number one gas supplier, NLNG, has entered a deal with Seplat that ...

This development follows concerns that crude oil output could be disrupted by the unrest and disapproval trailing the appointment of a sole administrator in Rivers State, Vice Admiral Ibok Ete Ibas.

This development marks a significant milestone in Nigeria’s efforts to boost oil production and revenue ... trajectory of our nation’s economic history. OLEF continues to serve as a ...