We’ll Commence Oil Exploration In Chad Basin Soon – Fed Govt         The Federal Government on Wednesday said it was willing to resume oil exploration in the Lake Chad Basin. The exercise was suspended by the government in July 2017 after suspected members of Boko Haram attacked...

Oil Exploration Suffers Setback As Nigeria’s Rigs Fall By 33%     With many oil and gas companies struggling to stay afloat amid the current market situation, exploration activity in the country has suffered a decline as the number of active rigs fell by 33.33 per cent...

Oil Firms May Stake $30bn On Exploration This Year   Globally, about $25 billion to $30 billion will be spent on oil exploration activities although cost efficiency challenges may slip by as much as 15 per cent.The revelation contained in a forecast released yesterday, by a...

NNPC Set To Resume Oil Exploration In Chad Basin The Nigerian National Petroleum Corporation on Wednesday said it would resume oil search in the Chad Basin as soon as it received security clearance. NNPC’s Group Managing Director, Maikanti Baru, disclosed this when the Governor of Bauchi...

The Nigerian National Petroleum Corporation NNPC is to commence the search for crude oil and other hydrocarbon exploratory activities in the Benue Trough. The Group Managing Director of the NNPC, Mr. Maikaniti Baru made the disclosure while receiving a delegation from the Benue State Government,...