Nigeria's crude oil production has again exceeded the quota assigned to it by the Organisation of Petroleum Exporting ...

Nigeria’s FIRST Exploration & Petroleum Development Company (FIRST E&P) has entered into a strategic agreement with the ...

Exactly 55 years ago this month, Nigeria joined Organization of Petroleum Exporting countries, OPEC, the global club using ...

There are indications that the downstream segment of Nigeria’s petroleum sector has began to reap full benefits of subsidy ...

FIRST Exploration & Petroleum Development Company has signed a memorandum of understanding with the Tanzania Petroleum Development Corporation to develop the Mnazi Bay North Block in Tanzania.In a ...

The Nigerian crude price rose toward the Federal Government benchmark as drones targeted oilfields in Iraq for the fourth ...

The Nigerian Army has destroyed 14 illegal refining sites and seized over 350,000 litres of stolen petroleum products during a ...

Nigeria is aiming for a 2 million bpd OPEC+ target by 2027, supported by rising production and major oil company investments.

Nigeria's Dangote petroleum refinery will construct storage tanks in Namibia to hold at least 1.6 million barrels of gasoline ...

Data from Nigeria's state oil company NNPC shows that it did not contribute anything to state coffers in the first eight months of 2022, despite crude prices averaging $94 a barrel so far this ...

Two decades of collective breath holding was finally released with the enactment of the Petroleum Industry Act (PIA), making 2021 a notable year for Nigerian oil and gas.

With U.S. production soaring at the same time its consumption is declining, the U.S. may become a competitor in the longer term, with an ability to undercut producers like Nigeria. Oil containers ...