The Minister of State for Petroleum Resources, Dr Ibe Kachikwu, on Monday said multinational oil firms would, in a matter of time,...
The Nigerian Content Development and Monitoring Board (NCDMB) says it is setting aside a $200 million intervention fund to boost indigenous participation in...
Secretary General of the Organisation of the Petroleum Exporting Countries (OPEC) Mr Mohammed Barkindo, on Monday in Abuja said, the organisation had...
ExxonMobil has signed a petroleum agreement with the government of Ghana to acquire exploration and production rights for the Deepwater Cape Three...
Lekoil has taken delivery of a technical evaluation report for the OPL325 lease in the Dahomey basin offshore Nigeria, straddling the western...
The Secretary General of the Organization of the Petroleum Exporting Countries (OPEC), Dr. Mohammed Sanusi Barkindo, will be leading other global oil...
Erin Energy reports that it has discovered oil in the deepwater Oyo-NW prospect offshore Nigeria. The location is 9.5 km (5.9 mi)...
The United States, a former net crude importer, is now set to become a net exporter of crude by 2022 according to...
Minister of State for Petroleum Resources, Dr. Ibe Kachikwu Tuesday, officially visited the Egina Floating Production Storage Offloading (FPSO), and made a...
Production of Qua Iboe Crude, Nigeria’s largest crude oil stream, has dropped to its lowest level for the first time since 2010....