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Oil

7 Reasons the OPL-245 Oil Block Dispute Became One of Nigeria’s Biggest Corruption Scandals

Few controversies in Nigeria’s oil industry have attracted as much global attention as the long-running dispute over OPL-245, one of the country’s richest deepwater oil blocks. Estimated to contain about 9 billion barrels of crude oil, the block represents roughly a quarter

March 9, 2026

Business·Finance & Economy·News·Nigeria·Oil & Gas

Manufacturers Call for Natural Gas Shift to Maximise Production

Manufacturers in southeast Nigeria have urged a shift from diesel to natural gas to lower soaring energy costs and boost industrial growth, warning that unreliable and expensive power supply threatens the survival of factories. Adaora Chukwudozie, chair of the South-East region of

March 6, 2026

African Countries With The Largest Proven Oil Reserves In 2025

Markets·News·Top Stories·World News

Markets Fall as Iran Signals New Chance for Nuclear Talks

Global shares slipped and oil prices fell on Tuesday after Iran offered a cautiously positive response in nuclear talks with US officials in Geneva, easing tensions that had surged following President Donald Trump’s recent threats. Iranian Foreign Minister Abbas Araghchi said “a

February 17, 2026

News·Oil & Gas·Top Stories

Illegal Refinery Site Owner Wanted Over 100 Deaths (Viewer discretion advised)

Photos By Chuks Uzochukwu The Imo State Government has declared wanted one Mr. Okenze Onyewoke, owner of the illegal crude oil refining site at Abaezi forest, in Ohaji-Egbema council area of the state where over 100 persons feared dead at the wee

April 24, 2022

Business·News·Oil & Gas·Top Stories

Lekoil Nigeria Secures Court Injunction Against Lekoil Limited, Savannah Energy On Share Value Dilution

Following the announcement of 28 February 2022 by Lekoil Limited that it had entered into an agreement with Savannah Energy Investments Limited, a subsidiary of Savannah Energy PLC, Lekoil Nigeria Limited has secured a court injunction against Lekoil Limited and others, restraining

April 6, 2022

News·Oil & Gas

Strategic Funding Key To Africa’s Oil Industry Growth – Stakeholders

Despite the call for gradual phase out of fossil fuel globally, stakeholders in Africa’s oil and gas believe that there is dire need to make strategic investment through robust funding to boost activities in the sector across the continent.

March 9, 2022

News·Oil & Gas

Dirty Fuel: NNPC, Marketers Begin 24-hour Operations

Nigeria National Petroleum Company (NNPC) has announced commencement of 24-hour supply of the product from all its depots and retail outlets across the country.

February 16, 2022

Abdullahi Umar convicted for illegal oil business

News

Oil Thief Bags Two Years Imprisonment In Port Harcourt

The Federal High Court sitting in Port Harcourt, Rivers State, has convicted and sentenced, Abdullahi Umar to two years imprisonment for illegally dealing in petroleum products.

January 22, 2022

Land water bodies ruined by oil spillage

Oil & Gas

Group Urges FG, Stakeholders To Tackle Environmental Degradation In Oil Communities

An NGO, Center for Peace and Environmental Justice (CEPEJ), has urged the Federal Government and stakeholders in the oil and gas communities in Nigeria to adopt effective measures to tackle challenges of environmental degradation caused by activities of companies working in the

January 4, 2022

Oil & Gas

Oil Price Drops To $73 On Omicron Concerns

Emerging reports have claimed that the price of crude oil dropped amid surging cases of Omicron coronavirus variant. The reports read that that Brent Crude futures plunged by 1.61 percent to $73.41 per barrel at 4:09 pm, while U.S. West Texas Intermediate

December 17, 2021

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Oil

7 Reasons the OPL-245 Oil Block Dispute Became One of Nigeria’s Biggest Corruption Scandals

Manufacturers Call for Natural Gas Shift to Maximise Production

Markets Fall as Iran Signals New Chance for Nuclear Talks

Illegal Refinery Site Owner Wanted Over 100 Deaths (Viewer discretion advised)

Lekoil Nigeria Secures Court Injunction Against Lekoil Limited, Savannah Energy On Share Value Dilution

Strategic Funding Key To Africa’s Oil Industry Growth – Stakeholders

Dirty Fuel: NNPC, Marketers Begin 24-hour Operations

Oil Thief Bags Two Years Imprisonment In Port Harcourt

Group Urges FG, Stakeholders To Tackle Environmental Degradation In Oil Communities

Oil Price Drops To $73 On Omicron Concerns

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