Nigerian President Muhammadu Buhari will fly to Saudi Arabia to discuss with King Salman ways to stabilize crude oil prices, the presidency said in a statement on Sunday. Buhari will Continue Reading
Nigeria backed Saudi Arabia and Russia in freezing oil production while giving Iran and Iraq a way out to regain some of their lost market share due to sanctions and Continue Reading
Rebels in Angola’s oil-rich Cabinda region said they’re resuming an armed campaign to gain independence for the enclave after the government failed to respond to its request for talks. The Continue Reading
Nigeria’s crude oil export operation has suffered a serious setback following a major crack-up of a giant underwater pipeline at the Forcados export terminal. Following the incident, crude oil lifting Continue Reading
President John Dramani Mahama has projected Ghana’s oil production to hit half a million barrels per day in 2020. Addressing a business forum in Iran during an official visit, President Continue Reading
The mood inside the Organization of the Petroleum Exporting Countries (OPEC) is shifting from mistrust to a growing consensus that a decision must be reached on how to end the Continue Reading
Nigeria is in talks with oil majors and banks to raise capital for new drilling and to repay up to $4 billion in debt that the state oil firm has Continue Reading
Of all the mysteries surrounding Boko Haram, the marauding militant jihadist group that has terrorized Nigeria and its neighbors, the use of women and girls as suicide bombers is among Continue Reading
The federal government on Thursday in Abuja accused oil majors operating in the country of not being sincere in their plans to downsize their workforce, stating that profit motive is Continue Reading
Nigeria’s crude oil output increased by 252,800 barrels per day in January, up from the 1.697 million barrels per day it recorded in December to 1.949 million barrels per day. Continue Reading
