The country's current oil production, including crude and condensates, has risen to 1.8 million barrels per day (mbbl/d), an increase from 1.54mbbl/d in September.

Royal Dutch Shell PLC has agreed to sell some of the oil blocks in Nigeria previously earmarked for disposal as the Anglo-Dutch oil group moves forward with its divestment program.

In 1998, the oil block was awarded to Malabu Oil and Gas. It is important to state with high sense of responsibility that Dan Atete did not have interest in OPL 245.

Nigeria will auction undeveloped oil and gas blocks next year, prioritizing natural gas development to support the country’s commitment to UN Sustainable Development Goals, the oil regulator ...

Nigeria’s oil sector, with its vast reserves, has been a major contributor to both the country’s economy and global oil markets. However, the development of oil blocks in Nigeria has faced ...

Nigeria plans to auction deep offshore oil and gas licenses for the first time in 15 years, according to a senior government official. The West African country will launch a bidding round for ...

The debate on Nigeria’s future continued yesterday with more calls for its restructuring to address development and marginalisation. Bayelsa State Governor Seriake Dickson called on the Federal ...

Shell Plc’s proposed sale of its onshore oil business in Nigeria should be blocked by the government to ensure adequate safeguards for human rights, said civil society groups led by Amnesty ...

ABUJA, Oct 29 (Reuters) - Nigeria is planning to auction seven deep offshore oil blocks, 15 years since the last ones were auctioned, the upstream regulator said on Saturday. Apart from marginal ...

LAGOS, Dec 18 (Reuters) - Nigeria will auction undeveloped oil and gas blocks next year, prioritising natural gas development to support the country's commitment to UN Sustainable Development ...