Organization of the Petroleum Exporting Countries Plus (OPEC+) has agreed to accelerate its oil production hikes for the second month in a row, confirming on Saturday that output will rise by 411,000 ...

Nigerian crude fell below the Federal Government’s benchmark, selling for $65 per barrel, as OPEC increased production despite heightened geopolitical ...

Share Eight members of the Organisation of Petroleum Exporting Countries and its allies (OPEC+) Saturday announced a sharp ...

Oil is one of the main drivers of economic growth in Africa. It fosters international relationships, attracts foreign investors, and is also a major source of revenue. Political instability, oil theft ...

Nigerian billionaire Aliko Dangote said on Thursday he was "comfortable" with the impact President Donald Trump's tariffs ...

ShareAgainst the backdrop of falling global crude oil prices and weakerthan-expected domestic oil production, the surge in ...

Halfway into Bola Tinubu’s first term, Nigeria’s ambitious economic transformation is faltering, hampered by insecurity, ...

Oil spills on Nigeria's mangroves remain a salient problem, especially as the oil sector expands more and more in Nigeria.

Nigeria is considering alternative solutions, such as floating LNG projects, to capitalize on its gas resources and meet ...

Senator Solomon Adeola (Ogun West) has assured extraction of crude oil will also begin at Tongeji Island, located in Ipokia ...

Africa is poised to take a central role in the global gas industry's future, according to recent projections from Rystad ...

Most new oil and gas projects in 2024 were located offshore, where spills can be hard to detect. Researchers at the nonprofit ...