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 ...

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 ...

“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's state oil firm NNPC sees an opportunity for new players to enter the country's onshore and shallow water oil fields after the exit of Shell and others, CEO Mele Kyari said on Wednesday.

Together oil and natural gas extraction comprise 97% of Nigeria’s foreign exchange revenues, 80% of government’s annual revenue and 70% of budgetary expenditure. A Map of Nigerian Niger Delta ...

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 ...