With the uncertainty surrounding production and demand due to the coronavirus pandemic, oil producers are beginning to deepen investment in gas production, to hedge impact and align with the government’s gas-to-power agenda.

Presently, the Nigerian economy needs huge capital through foreign direct investment from foreigners or Nigerians in diaspora into critical sectors or industries.

With the demand outlook reflecting that the oil market will likely be facing a supply surplus in 2020, many oil majors have begun to explore the write down of their assets for the fourth quarter.

Minister of State for Petroleum Timipre Sylva has reiterated the Federal Government’s resolve to reduce its stake in the joint venture oil business with foreign companies in a bid to spur more foreign investment...

Royal Dutch Shell said on Tuesday that Nigeria’s claims that it was owed billions in taxes could delay the development of a major oil field off the coast of the West African nation.

The Federal Government has lost an estimated $6 billion to the controversial Oil Prospecting Licence (OPL) 245 deal, according to a recent report...

Royal Dutch Shell has said the corruption trial over a Nigerian oil deal may last several months, warning staff of continued critical media coverage in the $1.3 billion case.

Royal Dutch Shell announced on Monday plans to limit emissions of methane, a potent greenhouse gas, across its oil and gas operations.

Nigeria’s crude oil production is expected to rise further if Royal Dutch Shell and its partners, next year, decide whether to go ahead with the development of the nation’s Bonga Southwest...

The Royal Dutch Shell laid the first crude oil pipeline in the country from the Oloibiri field to Port Harcourt on Bonny River to access export facilities.

A Federal High Court in Lagos on Tuesday adjourned until October 9, the alleged crude oil shipment brought by the Federal Government against Shell Western Supply & Trading Ltd.

Nigeria’s oil wells may be flowing again, but the country’s largest operator says attacks continue to put a brake on output. “Security in parts of the Niger delta remains a major concern with persisting incidents of criminality, kidnapping and vandalism as well as onshore and offshore piracy,” said Igo Weli, general manager for external relations…