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 ...

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 ...

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 ...

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 ...

The International Monetary Fund (IMF) has revised downward Nigeria's economic growth projections for 2025 and 2026, to 3.0 for 2025 and 2.7 for 2026 as global uncertainties grow and sustained ...

Crude oil prices stabilized today, following Monday’s dip, and even made some gains earlier in the day, as traders rushed to cover their short positions on the commodity, and production figures ...

Chevron Corporation (NYSE: CVX) announced today that it started oil and natural gas production from the Ballymore subsea tieback in the deepwater Gulf of America. Ballymore, the latest in a series ...