Oil and Gas

OPEC member Angola looks beyond oil, diversifies into gold to expand economy

Africa’s second-biggest oil exporter, Angola, is set to expand its commodity mix into gold, Diamantino Azevedo, the country's oil and mineral…

Europe to shun Russian oil as boost of Chinese flows hits quality

European refiners are threatening to cut Russian oil purchases due to worsening quality after Moscow has re-routed large volumes of…

Nigeria’s Kaduna refinery shut temporarily, state oil company says

Nigeria’s Kaduna oil refinery has temporarily shut down because of a lack of crude, the Nigerian National Petroleum Corporation (NNPC)…

Erin Energy discovers hydrocarbons in Nigeria’s Oyo-NW well

Erin Energy Corporation on Wednesday announced that it has completed the drilling of the Nigeria's Oyo-NW well, and based on…

Nigeria’s state oil company says insecurity hindering oil exploration in Chad basin

Nigeria's state oil company, Nigerian National Petroleum Corporation (NNPC) on Tuesday blamed security challenges for the non-commencement of oil exploration…

Nigeria’s state oil company to increase oil production to 500,000 bpd before 2022

The Nigerian Petroleum Development Company ( NPDC ), one of the upstream subsidiaries of the Nigerian National Petroleum Corporation (…