In 1956, as Nigeria stood on the cusp of independence, oil in commercial quantities was discovered in Oloibiri, Bayelsa State. With exploration commencing, and the country joining other countries ...

A fter a Nigerian firm called Heirs Energies paid $1.1bn in 2021 to acquire an oil field in the Niger Delta, its boss found the company was losing no less than 97% of the field’s daily output to ...

“Nigeria boasts vast untapped potential, including 209.26 trillion cubic feet (TCF) of natural gas reserves, 37.5 billion barrels of crude oil reserves and an oil production capacity of 2.4 ...

Nigeria has identified new oil fields capable with a capacity of nearly 681,000 barrels of crude oil per day and 1.52 billion standard cubic feet of gas daily, The Punch newspaper said. Nigerian ...

Nigeria began drilling for oil and gas in the northeast on Tuesday, a first for the African oil giant, which has exploited large deposits in the south for decades and whose production is declining ...

The discovery and drilling of crude oil in Bauchi and Gombe axis is the first in the 19 northern states where millions of dollars had been spent by NNPC looking for oil.$3 billion investmentAt the ...