The activities of Niger Delta Avengers, the new militant group in the oil-rich region, have forced Royal Dutch Shell to evacuate most of its staff from its production facility, Eja OML 79.
Nigeria's President signed the delayed 2016 budget into law ending weeks of wrangling with lawmakers and tripling capital expenditure as Africa's biggest economy contends with its worst crisis in years.
A major security alert among security formations in the Nine States of the Niger Delta region was triggered following the claim of responsibility by the new renegade Militant group for several attacks on major oil an ...
A Nigerian firm had its first oil production from an offshore field in the commercial city of Lagos, which is the first output outside the country’s oil hub in the Niger delta.
Nigeria plans to begin exploratory drilling in search of oil in the northeastern Chad Basin region by October, the head of the state oil company, Emmanuel Ibe Kachikwu, said.
Nigeria is planning to plant tracking devices on trucks as nearly a third of the country’s fuel supply is being stolen in the midst of crippling shortages in Africa’s largest oil producer.
The failure of the deal to freeze oil production, which could have hastened a recovery in oil prices, puts Nigeria and other cash-strapped oil producers in more trouble.
The Nigerian Association of Energy Economics (NAEE) said the country's currently fluctuating oil production level of 2.4mb/d may not be enough to guarantee any sustainable economic development.
Italia's Eni has declared a force majeure on Nigeria's Brass River grade of crude oil, once again throwing a spotlight onto the unreliability of exports from a country plagued by oil theft.