NUPRC plans to increase active oil rigs from 36 to 50 by year-end, boosting Nigeria’s upstream petroleum sector.

Nigeria is discussing exploration of its deep water oil acreage with Petrobras, years after the Brazilian oil giant exited ...

Energy major Shell Plc paid $5.34 billion to the Nigerian government in 2024, the largest amount it remitted to any ...

The increase comes as Shell prepares to exit its onshore oil operations in Nigeria after decades marked by controversy.

Nigeria's Trans Niger Pipeline, a major oil artery transporting crude from onshore oilfields to the Bonny export terminal, ...

ExxonMobil expects its final Field Development Plan as well as internal and partner funding approvals to facilitate execution ...

Brazil’s state oil company, Petrobras, is seeking to re-enter Nigeria's oil sector, with a specific focus on frontier deepwater acreage.

The NUPRC says Nigeria’s oil production increased to 1,485,700 barrels of oil per day (bpd) in April. According to NUPRC's ...

Local producers are stepping in to fill the gap vacated by foreign majors retreating from Africa’s largest producer ...

Q3 FID for Nigeria's Usan project as it shifts focus to secure deepwater plays with a $1.5B investment during 2025-2027.

Energy giant ExxonMobil (XOM.N) is set to inject US$1.5 billion into the development of its deepwater operations in Nigeria, the ...

ExxonMobil has committed to a $1.5bn investment in Nigeria's deep-water oilfields, demonstrating a strong commitment to the ...