Parallel to the military troops’ operations, the government has also been holding talks with militants to end the attacks on the country’s oil pipelines.
Nigeria tripled the volume of it’s crude oil exports to the United States from last year, seven years after the US began depending less on Nigeria’s crude.
Lekoil, an oil and gas exploration and development company has announced commencement of continuous production from the Otakikpo Marginal Field in OML 11.
Nigerian’s acting president, Yemi Osinbajo, has directed the relocation of all International oil companies head offices in the country to the Niger Delta.
Three suicide bombers set ablaze three fuel tankers in the center of Nigeria's northeastern city of Maiduguri before dawn Friday, just days before a planned visit by the U.N. Security Council.
Nigeria’s anti-graft agency filed new charges against Royal Dutch Shell plc and Eni , alleging the companies “corruptly” paid $801m in 2011 when acquiring an offshore oil field.
Nigeria's state oil company received 128 bids from companies that want to exchange processed fuels for as much as 800,000 b/d of unrefined crude in 2017.
Nigerian Minister of Oil, Emmanuel Ibe Kachikwu said that Members of the Organization of the Petroleum Exporting Countries (OPEC) must lower production costs to compete better with shale producers.