Local Firms Now Produce 50% of Nigeria's Oil - Report
Nigeria’s oil and gas sector is entering a new era, with local oil companies now accounting for more than 50 per cent of the country’s crude oil production.
According to a report by Reuters on Tuesday,...
Nigeria's Oil Cargos Lags in International Market Over Sluggish Demand - Report
About 30 oil cargoes are yet to find buyers at the international market due to unstable crude oil prices and sluggish demand.
Market data report obtained from Reuters, said as of Tuesday, between 20...
Nigerian Oil Firms, Others Ranked Worst Offenders, Abandon UN 2060 Zero Emission Race
Nigerian oil and gas firms, including top international oil companies, have been ranked among some of the worst offenders in the implementation of the 2015 Paris climate deal, multinational nonprofit platform, CDP...
EU Supports Nigeria with $1.3 billion to Diversify its Economy
The European Union (EU) and its development finance institutions have announced that they would provide Nigeria with 1.29 billion euros ($1.3 billion) to help Africa's most populous country diversify its economy away from oil.
According to...
OPEC: Nigeria's Crude Production Dropped By 1.2 Million Barrels in April
The Organization of Petroleum Exporting Countries says Nigeria and other OPEC members have been unable to pump the volumes of crude oil that they had approved because of insufficient investment in the oil sector.
OPEC...
