Nigeria has been pumping vast amounts of oil since the 1950s. This map shows the oil fields, pipelines, and terminals in relation to the Niger Delta’s main cities and its differing types of vegetation ...

According to Bukar, extracting a barrel of oil in Nigeria costs between $24 and $25 on average but sometimes will cost more. “For some fields, the production cost is well above $25, maybe $28 ...

Countries across Africa are preparing for the projected oil boom, and Nigeria is taking its position in the offshore production which is expected to take the lead.

Nigeria's state-owned NNPC Ltd on Tuesday started drilling for oil and gas at a field in northern Nigeria that has reserves of 1 billion barrels, as the country seeks to produce crude outside the ...

Royal Dutch Shell has sold some of four oil fields up for grabs in Nigeria, it said on Wednesday, as the oil and gas company pushes ahead with global asset sales to cut costs.

Nigeria has struggled to meet its production goals in recent years. With oil prices remaining above $100 per barrel, Nigeria is eager to ramp up its production. Shallow-water oil fields offer a ...

Nigeria concluded the 2020 marginal field bid round with the award of rights to develop 57 marginal fields made to indigenous oil and gas companies, including Matrix Energy, Shafa Exploration and ...

In March, Reuters reported that Nigerian firms – Taleveras and Aiteo made the highest bid of $2.85 billion for the biggest of the four oil fields, OML 29.

Dangote Group, controlled by Africa’s richest man Aliko Dangote, is considering the purchase of Nigerian oil fields as international companies plan to sell onshore assets in the continent’s ...