Nigeria, Morocco Launch $25bn Gas Project Company The ambitious Nigeria-Morocco Gas Pipeline project, estimated to cost $25bn, is advancing rapidly with the creation of a dedicated project company and the expansion of its international financial backing. The pipeline, set to stretch nearly 6,000 km across West...

Nigeria’s Crude Output Falls Short of OPEC Quota Despite January Gain Nigeria’s crude oil production fell again in August, reversing gains that had pushed the country above its OPEC quota for two consecutive months. This was against the backdrop of basking in the euphoria of an...

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says Nigeria’s oil output rose by 0.89 percent to 1.71 million barrels of oil per day (bpd) in July.

Africa is set to add 1.2 million barrels per day (bpd) of new refining capacity by 2030, marking one of the fastest downstream expansions globally, according to the newly released 2025 OPEC World Oil Outlook.

Price Drop Threatens Nigeria's Capital Projects Despite OPEC Quota Compliance   The Federal Government’s ability to meet up with its targeted revenue of N41trn to foot the 2025 budget is becoming a tall order with the instability in the global price of oil. This is even as...

Lokpobiri Reassures Commitment to OPEC Despite Rising Oil Output The Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, has assured that Nigeria remains fully committed to the rules of the Organisation of Petroleum Exporting Countries despite recent gains in crude oil output. Lokpobiri said...