Nigeria's Renaissance Africa Energy Co. Ltd has halted oil shipments via its Okordia-Rumuekpe pipeline in the coastal Rivers ...

Nigeria, Ivory Coast, and Mozambique are on course to commence at least 10 new offshore drilling projects between 2026 and ...

Nigeria’s premium crude oil grades are trading above $65 per barrel as global oil prices hold steady despite OPEC agreeing to ...

ExxonMobil has confirmed plans to invest $1.5 billion in Nigeria's deepwater exploration and development for the next two ...

The net reserve position has also made an impressive fivefold recovery from a low of US$4 billion in 2023 to US$23.1 billion ...

Countries across Africa are preparing for the projected oil boom, and Nigeria is taking its position in the offshore ...

OPEC’s weekend move to raise quotas—reportedly by triple what most expected—initially sent prices tumbling. But the fine ...

Nigeria is staring down the barrel of twin macroeconomic shocks as Brent crude prices plunge below $60 per barrel. This ...

The Federal Government has again tasked indigenous oil companies to ramp up production to meet both domestic and export ...

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

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

Just weeks earlier, at the sidelines of the IMF/World Bank Spring Meetings in Washington D.C., Finance Minister Wale Edun was asked directly about the implications of falling oil prices on the ...