Producing light crude, Bozhong 26-6 is expected to reach 22,300 barrels of oil equivalent a day in peak production this year.

In spite of the vicissitudes and volatile nature of both the local and global oil markets, Oando Plc led by the indefatigable Wale Tinubu has continued to break new grounds, consolidating itself as an ...

The offshore drilling rigs market is growing due to rising energy demand, technological advancements, and deepwater ...

Nigeria's upstream oil regulator said on Monday it would deny export permits for oil cargoes from producers who fail to meet their stipulated supply quota to local refineries, including the Dangote ...

Over 55 oil licences across oil blocks in the Niger Delta will expire before the end of 2025 with affected operators yet to know the fate of their assets.

Act No. 23 of 1996, enacted during Etete’s tenure, the President of Nigeria had the power to declare an oil field with about ...

Oni further discussed the challenges facing the Port Harcourt Refinery, which has a refining capacity of 210,000 barrels per day (bpd).

ShareThe Federal Government’s target of achieving three million barrels of oil production per day appears to be a mirage given the report by Organisation of Petroleum Exporting Countries, (OPEC) that ...

ShareLawyers have expressed outrage at the nation’s ever-increasing debt profile which hit a whopping N142.3 trillion in the third quarter of 2024. The lawyers while cautioning against unchecked ...

Among the arrested are also 28 suspects linked to crude oil theft, which is prevalent in the southern part of Nigeria, a major oil-producing nation, causing the country to lose billions of dollars in ...

Saudi oil and gas drilling contractor ADES Holding has secured a $21.8 million drilling contract with Brittania-U for its ...