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Oil & Gas
Rising rig activity signals Nigeria’s return to oil producer big leagues
Nigeria’s oil rig count rose 85 percent within the last six months to its highest level since January 2020, according to new data from the Organization of the Petroleum Exporting Countries…
Exxon, Total resume heavy investment in Mozambique as oil majors exit Nigeria
US energy giant Exxon Mobil Corporation is looking to restart its gigantic gas project in Mozambique which could open the way to investment in excess of a hundred billion dollars at a time…
Shell lifts force majeure on 250,000 bdp Bonny terminal
The Shell Petroleum Development Company of Nigeria Limited (SPDC), on Wednesday, said it has lifted the force majeure on the 250,000 barrel-per-day Bonny export terminal, one year after it…
Nigeria’s natural gas sales rise highest on Russia-Ukraine war
Nigeria earned N2.8 trillion from exporting Liquefied Natural Gas (LNG) last year, the highest in six years, on the back of the Russia-Ukraine war, which raised natural gas prices, experts…
Nigeria’s oil output hits 13-month high of 1.3mbpd
Nigeria’s crude oil production rose to 1.3 million barrels per day (bpd) in February, the highest in 13 months, according to the Nigerian Upstream Petroleum Regulatory Commission's (NUPRC).…