Nigeria has caught up with Angola in the drilling of crude oil, as both nations are now the biggest crude oil drilling markets in Africa, data from the June 2023 Offshore Rigs Tracker, relea… Read More

TotalEnergies has renewed its production licence for the deep offshore OML130 block in Nigeria for another 20 years, the French major said on May 30, paving the way for the further developme… Read More

Nigeria’s oil and gas industry experienced historic crises throughout 2022 as the sector struggled with severe crude thefts and pipeline vandalism constraining output. However, res… Read More

The offshore drilling market is expected to grow at a CAGR of more than 5% during the forecast period. Further, global demand for oil is expected to witness an annual growth rate of 1.2 mill… Read More

SPIE Oil & Gas Services (part of the SPIE Group) provides a complete range of services to some of the world’s largest oil and gas companies through its network of offices in 25 co… Read More

Africa Oil Corp has announced that it has received its seventh dividend from Prime Oil and Gas. The Company has also updated the markets on a significant increase in the Egina oil field prod… Read More

The Nigerian National Petroleum Corporation (NNPC) and its partner, Nigerian Agip Oil Company (NAOC) lost 400,000 barrels of crude oil in February due to the outbreak of the COVID-19 pandemi… Read More

Mr. Michael Sangster, the chairman, Oil Producers Trade Section (OPTS), on Tuesday said there is need for sustained Investments in local content in the Nigeria’s oil and gas industry… Read More

The Nigerian National Petroleum Corporation (NNPC) and its partners in the Oil Mining Lease (OML 130) Production Sharing Agreements (PSA) are are eyeing over $760m from fresh Gas Supply Purc… Read More

SPIE Oil & Gas Services (part of the SPIE Group) provides a complete range of services to some of the world’s largest oil and gas companies through its network of offices in 25 cou… Read More

The first export cargo of Nigeria’s newest crude grade, Anyala, is on its way to Northwest Europe, trading and shipping sources disclosed to S&P Global Platts Monday. The Aframax M… Read More

Less than two weeks after the Organisation of Petroleum Exporting Countries (OPEC)’s decision to extend oil production cuts, Nigeria and Libya are planning to raise output next year. O… Read More