The removal of fuel subsidy in the 2023 federal budget triggered a series of negative developments in the Nigerian economy, made worse by the floating of the ...

At the 2024 Oil Bid Conference in Lagos in December of last year, the lead industry regulator, the Nigeria Upstream Petroleum ...

Nigeria, Africa’s largest crude producer, alongside Angola, is expected to drive the continent’s oil production output to ...

Captain Piety then led the chase in Nigeria’s innings, finishing 28 not out from just 16 balls, hitting three sixes. Victory ...

Iraq and British oil giant BP are set to finalise a deal by early February to develop four oil fields in Kirkuk and curb gas ...

Nigerians may be looking at another key player in the oil palm production space, as Okitipupa oil palm acquires 4 new mills.

OPEC oil output fell in December after two months of increases, a Reuters survey found, as a drop from the United Arab ...

Currently, Africa contributes just 3 percent to the global GDP and 2 percent to the world’s manufacturing value-add ...

The $1.28bn acquisition of Mobil Producing Nigeria Unlimited makes Seplat one of the biggest domestic producers with an asset base of 11 onshore oil blocks, 48 oil and gas fields, three export ...

This unfortunate situation has trapped a proven oil production capacity of 500,000 barrels-per-day to remain stranded under ...

Seplat Energy has revealed plans to revive 400 idle oil wells, targeting over 120,000 barrels per day crude production.

Seplat Energy is beginning an initiative to revive inactive oil wells after completing its $1.28bn acquisition of ...