Nigeria has regained the top spot among crude oil producing countries in Africa with the nation’s crude oil production averaging 1.27 million barrels per day in November. The Organisation of Petroleum Exporting Countries (OPEC) made this known in its Oil Market Report for December. The report said the figure showed an increment of 47,000 barrels

The pump price of Premium Motor Spirit, popularly called petrol, may go higher than the projected N340/litre in February 2022 when the Federal Government removes its subsidy on the commodity, oil marketers said on Tuesday. Also, it was gathered that both independent and major oil marketers were perfecting plans to resume PMS imports once the

In 2023, ENI wants to start operating in the baleine offshore field, which it only discovered three months ago. It intends to rely on its experience in Ghana and the good Ivorian infrastructure that already exists. In early September 2021, the Italian hydrocarbon giant ENI discovered the Baleine offshore field, off Assinie, which is believed

Ghana’s oil production is set to decline in 2022 as a result of coronavirus-related restrictions, which deferred work programs and other activities in 2020, the head of production at the country’s state-owned oil company has said. The West African nation’s crude oil output will drop to about 146,500 b/d next year from 150,000 b/d currently

Two firms have dragged the Attorney General of the Federation and Minister of Justice, Abubakar Malami and his counterpart in the Ministry of Petroleum Resources to court over alleged cancellation of their operational permit. The minister was dragged before the Federal High Court, Lagos by Nov Oilfield Solutions Limited and Nov Oil and Gas Services Nigeria