The Nigerian National Petroleum Corporation (NNPC) says it recorded a total crude oil and gas export sales of $219.75m in May 2021, representing 180.29% increase on sales from the previous month of April 2021. This is contained in the May…

The Nigerian National Petroleum Corporation (NNPC) has reported $381.70 million from the sales of crude oil and gas in January, representing $36 million increase over $345.68 million posted in December 2018. A breakdown of the numbers…

The Nigerian National Petroleum Corporation, NNPC posted a total crude oil and gas export sale of $239.10Million in the month of November, 2017. Details of the transactions contained in the recently released November 2017 edition of the…

Nigeria’s oil production surge is gaining momentum as lower pipeline losses and improved security help restore stability across the Niger Delta. Data from the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) show that oil losses…

Nigeria's 2026 budget, initially anticipating growth from the non-oil sector has been reshaped by rising global oil prices and persistent low crude production, impacting domestic energy costs. Full deregulation, by allowing global…

Aradel Holdings Plc delivered exceptional financial performance in the first quarter of 2026, with revenue soaring 264.5 per cent year-on-year to N728.5 billion—already surpassing the company’s entire 2025 revenue of N699 billion. Gas…

Shell plc has projected a strong rise in its first-quarter earnings, driven by a surge in global oil prices triggered by the recent Middle East conflict, even as disruptions in the region weighed on parts of its production.…

Iraq is in talks with Iran to secure passage for some of its oil tankers through the Strait of Hormuz, the country’s Oil Minister, Hayan Abdel Ghani, told local media on Tuesday. The move comes after Iran closed the strategic waterway to…

The Nigerian National Petroleum Company Limited (NNPC Ltd) has reported an increase in Nigeria’s crude oil and natural gas production for January 2026, even as the company’s overall revenue dropped sharply during the same period. Details…

Oil production in Iraq has dropped sharply as the country struggles to export crude through the Strait of Hormuz amid the ongoing regional conflict involving Iran, industry sources said on Sunday. According to three officials familiar with…