Indigenous oil firm, AOS Orwell has expressed confidence in the Nigerian oil and gas industry despite the harsh operating environment

OPEC and its allies are likely to extend existing oil output cuts when they meet next month until mid-2020, with non-OPEC oil producer Russia supporting Saudi Arabia’s push for stable oil prices amid the listing of state oil giant Saudi Aramco.

Former President Olusegun Obasanjo has identified the need for collaboration among African countries, especially the oil-producing countries, in the area of technology and adoption of renewable energy for sustainability in the oil and gas industry.

The Federal Government has been charged to end gas-flaring in the Niger Delta communities following its devastating impact on the health of the people and the environment.

Stakeholders in the oil and gas sector in Nigeria have called for gender equality in the sector as a means to enhance sustainable development in the industry. The stakeholders, at the 4th Women-in-PENGASSAN (WIP) National Conference in Abuja...

In a move Nigeria's president hailed as a "landmark moment", Africa's largest oil producer approved legislation this week to bolster its share of revenues from international majors.

The Department of Petroleum Resources (DPR) has disclosed that Niger State has prospects of joining oil-producing states if the hydrocarbon deposit in Bida Basin is in commercial quantity.

The Organization of the Petroleum Exporting Countries (OPEC) has downwardly revised its forecast for global oil demand growth over both the medium-term and long-term, citing tough market conditions and “signs of stress” in the world economy.

Big oil companies need to reduce their oil production by 35 per cent by 2040,r to preserve shareholder value in a changing world, think-tank Carbon Tracker has warned.

Vice President Yemi Osinbajo says Nigeria is in the process of moving its economy away from dependence on oil. Laolu Akande, Osinbajo’s spokesman, in a statement, said that the vice president stated this while receiving a delegation from Nicaragua on Tuesday at the Presidential Villa, Abuja.

OPEC oil output has bounced in October from an eight-year low as a rapid recovery in Saudi Arabian production from attacks on oil plants more than offset losses in Ecuador and voluntary curbs under a supply pact, a Reuters survey found.

The National Youth Council of Ogoni People (NYCOP) has declared its position on the current deceitful campaign about the endorsement of an indigenous oil company, Xavon Energy, for oil resumption in Ogoniland.