Senator Solomon Adeola (Ogun West) has assured extraction of crude oil will also begin at Tongeji Island, located in Ipokia Local Government Area of Ogun State. Adeola, who spoke on Tuesday in Otta at ...

The Nigerian National Petroleum Company Limited (NNPC Ltd) yesterday revealed that its subsidiary, NNPC Exploration and Production Limited (NEPL) has recorded its highest oil production of 355,000 ...

For those who never believe or see anything good in Nigeria, a first-of-its-kind crude oil export terminal that will change the narrative in the oil and gas sector is unfolding in the South-South ...

Green Energy completes first onshore Otakikpo terminal Conoil launches Obodo crude grade Renaissance Energy plans $15 bln investment over 5 years LAGOS, June 3 (Reuters) - Nigeria is witnessing a ...

In a historic moment for Nigeria’s oil and gas industry, the new Otakikpo crude oil terminal, the country’s first indigenous onshore crude export facility in over five decades built by Green Energy ...

Nigeria's crude losses from theft and metering issues dropped to their lowest in nearly 16 years at 9,600 barrels per day (bpd), the West African country's upstream regulator has reported.

NUPRC Chief Executive Gbenga Komolafe announces record reduction in Nigeria’s crude oil losses, citing reforms and stronger surveillance measures. [Getty Images] The reduction in oil losses is ...

Nigeria introduced the naira-for-crude policy to support domestic refining and save foreign exchange by paying for crude in local currency. However, oil-backed loan obligations are now limiting the ...

India is pivoting away from Russian oil following U.S. tariff hikes. Indian refiners are moving quickly to secure cargoes from Nigeria, Angola, Abu Dhabi, and the U.S., The shift could deepen ties ...

A recent explosion on the Trans-Niger Pipeline, responsible for 15% of export, highlights the country's security problem. Oil infrastructure attacks, potentially linked to militant groups in the Niger ...

Brent crude is currently priced around $71.45 per barrel, indicating that Nigeria could lose roughly $14m daily if the disruption persists. “Between 190,000 and 245,000 barrels of crude pass through ...