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

NEITI industry reports has shown large sums of uncollected royalties and rents that the oil and gas operators owe the federal ...

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 ...

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).

As firm targets cost optimisation, efficiency others to consolidate performance  Oando Plc, Africa’s leading integrated energy company listed on both the Nigerian Exchange Grpup (NGX) and Johannesburg ...

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 ...

Aberdeen became the oil capital of Europe and an estimated half a million jobs were created by the industry over the decades. The world's worst offshore disaster was on the Piper Alpha rig in 1988 ...

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 ...