The freshly installed chief executive of NNPC, Nigeria’s state oil corporation, has vowed to attract up to $60 billion of ...

Currently, Nigeria’s oil production has stagnated at 1.5 million barrels per day despite a budget benchmark of 2.1 million barrels per day for 2025. Lokpobiri expressed confidence that the ...

The Federal Government has tasked indigenous oil companies to ramp up production in order to meet both domestic and export demands. The Minister of State Petroleum Resources (Oil), Senator ...

Chevron and TotalEnergies just flipped the switch on oil production from the Ballymore project in the deepwater Gulf of Mexico, with the project expected to pump around 75,000 barrels of oil per ...

On the global stage, crude oil markets have also staged a recovery ... per barrel—driven by a combination of OPEC+ production cuts, fresh U.S. sanctions on Iran, and encouraging macroeconomic data.

Kazakh energy minister Erlan Akkenzhenov told Reuters the country was unable to curtail the production of independent oil majors on its territory and would not shut down its own oilfields since ...

HOUSTON, April 23 (Xinhua) -- U.S. crude oil production averaged 13.460 million barrels per day (b/d) during the week ending April 18, down by 2,000 b/d from the previous week, the U.S. Energy ...

Chevron has started oil and natural gas production in the Ballymore prospect of the Gulf of Mexico, which the U.S. now calls the Gulf of America. The Houston-based oil company said Ballymore is ...

The Federal Operations Unit, Zone C in Owerri at the weekend announced the seizure of N1,010,113,880.00 worth of contraband which included 78 Jerry Cans of 25 litre of Crude Oil, 102 bottles ... the ...