Current data from Nigerian National Petroleum Corporation (NNPC) has shown that crude oil output from independent and sole risks producers have increased by over...

Close to $194bn will be spent between 2018 and 2025 on 93 upcoming oil and gas fields in Africa. Capital expenditure (capex) into conventional,...

Lubricant Producers Association of Nigeria (LUPAN)’s investment of over N750 billion is being threatened by multiple government agencies demanding different levies or licensing of...

Background On 1 February 2013, Mayfair Assets and Trust Limited, a subsidiary of LEKOIL, farmed into Afren Investments Oil and Gas (Nigeria) Limited's (AIOGNL) interest...

There are strong indications that stakeholders – Nigeria Liquefied Natural Gas Limited (NLNG), National Petroleum Investment Management Services (NAPIMS), Shell, Total and Agip –...

Chairman of Petrolex Oil and Gas, Mr Segun Adebutu, has revealed plans by his firm to pump about $5 billion into the economy of...

Nestoil, the oil service firm owned by Nigerian businessman Ernest Azudialu, is reportedly angling to sell part of its equity in the Neconde Special...

Several Nigerian cargoes from the May programme traded, but market activity was limited overall, Reuters reports. Several Nigerian cargoes also traded. ExxonMobil sold a cargo...

In December 2016, an announcement was made of a nearly 5000 km Nigeria-Morocco offshore gas pipeline which at today’s prices will cost an estimated...