A general strike called in Nigeria to protest against higher fuel prices drew only partial compliance after the main unions failed to take a common stand following talks with the government and an injunction imposed by an industrial court.
Oil prices jumped more than 2% on Monday to their highest since November 2015 as Goldman Sachs said the market had ended almost two years of oversupply and was in deficit.
San Leon Energy is aiming to raise at least $200million through a share placing priced at a significant premium in order to fund the acquisition of an indirect interest in a producing oilfield in Nigeria.
Nigeria’s oil production has dropped again as a third major crude-export facility was disrupted, this time by accidental damage rather than militant attacks.
An explosion has rocked a Chevron oil pipeline in Nigeria's Delta region.
Radical militant group the Niger Delta Avengers has warned it will step up attacks unless oil firms left the region within two weeks.
Oil advanced to its highest intraday level in six months as supply reductions around the world, from the US and Canada to Nigeria, helped whittle away the global surplus.
MX Oil has suffered a setback after it revealed its flagship assets in Mexico are not worth progressing.
Oil producers are evacuating workers from the Niger Delta because of the deteriorating security situation in Nigeria’s most-important oil producing region, a union official said.
Militants are increasingly targeting oil facilities in Nigeria with both Chevron and Shell assets coming under attack in recent days.
Erin Energy has resumed production from the Oyo-8 well in Nigeria following the completion of well intervention work.
The boss of Aberdeen's Eland Oil and Gas said the company is keen to accelerate the first phase of development of its Gbetiokum field in Nigeria, and is aiming for production by the end of 2016.
Eland Oil and Gas has completed the perforation of two new intervals in the Opuama 3 well in Nigeria and increased production from the two strings.
Nigeria deployed police and soldiers to gasoline stations to maintain order as fuel shortages grip Africa’s biggest oil producer.
Lekoil, the Africa focused oil and gas firm, has taken a step toward continuous production from marginal fields in Nigeria, with commercial production on track by the end of June.
Nigeria’s government may sell 40% of a new national oil company within 10 years of its creation, according to a draft law.
International energy companies in Nigeria have agreed to provide about $200 million to help fund fuel imports and end shortages, Petroleum Minister of State Emmanuel Kachikwu said.
Vitol and Seplat Petroleum are among nine companies bidding to construct new oil refineries in Nigeria as Africa’s top crude producer seeks to boost output of refined fuel and end its dependence on imports, an official said.
Investigators have visited oil major Shell's headquarters in the Hague in relation to a Nigerian offshore oil field.
Nigeria has arrested a person suspected of having bombed an oil pipeline belonging to Italy's ENI in the southern Delta region, the commander of a state security force said on Wednesday.
MX Oil said it has allowed GEC Petroleum Development Company (GPDC) additional time to put financing in place as it looks to acquire investment in the Aje field, offshore Nigeria.
A committee set up by Nigerian President Muhammadu Buhari to investigate the awarding of security contracts from 2011 to 2015 has found as much as 123 billion naira ($618 million) in fraudulent payments could be recovered, the government said.
Nigeria's state oil company failed to transfer 4.9 trillion naira ($25 billion) to the public purse between January 2011 and December 2015, an official body said today.
Nigerian President Muhammadu Buhari has urged banks in his country to boost lending to agriculture as the region looks to diversify away from oil and gas.
Oil major Shell has invested in a new subsurface research centre in Nigeria to help boost the country's further development in the oil and gas industry.