The Nigerian Navy has achieved remarkable operational successes in its ongoing efforts to eradicate crude oil theft in the ...

NEITI urges swift recovery from oil companies that owe Nigeria $6.1 billion in unpaid royalties and taxes, hindering ...

Nigeria oil production costs soar to $40 per barrel, significantly higher than global competitors like Saudi Arabia.

NUPRC has reported that the cost of producing crude oil in Nigeria has surged to approximately $40 per barrel.

Nigeria holds a formidable 37.5 billion barrels of crude oil reserves and an impressive 200 trillion cubic feet of natural gas, alongside vast, untapped renewable energy potential.

Despite Nigeria's plans to increase crude production, it has seen a major decline in daily crude production in January 2025, ...

The cost of producing crude oil in Nigeria has risen to about $40 per barrel, according to a report by the Nigerian Upstream Petroleum Regulatory Commission.

The Petroleum Products Retail Outlet Owners (PETROAN) has accused crude oil producers of diverting 500,000 barrels meant for ...

The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has commended the Federal Government for ...

The inclusion of Nigeria as a BRICS partner state marks a significant milestone in the evolution of global economic and political cooperation. As Africa’s most populous country and one of its largest ...

OPEC oil output fell in January for a second month, a Reuters survey found, as a drop in exports from Nigeria and Iran offset ...

As global energy dynamics shift, the hydrocarbon industry, long under pressure from climate change concerns and the 2015 Paris Agreement, finds new hope in U.S. President Donald Trump’s policies. With ...