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The Addax subsidiary of China Petroleum & Chemical (Sinopec) had struck oil off Nigeria's coast, the Chinese oil parastatal said yesterday.

ExxonMobil Nigeria weekend listed the major challenges to be faced by operators in the oil and gas industry in the implementation of the Nigerian Content Development Act.

China and Nigeria are to begin building an $8 billion 300,000 barrels per day oil refinery in Nigeria, Greenfield Refineries General Manager Adebayo Ibirogba said, according to the Nigerian Tribune.

Gazprom is seeking to join Statoil’s deepwater exploration project in Nigeria as the world’s biggest gas producer aims to catch up with international companies operating in Africa.

Following a recent directive from the Presidency, the Nigerian National Petroleum Corporation is to resume oil exploration in the Chad Basin and other areas classified as Frontier Inland Sedimentary Basins.

INDICATIONS are that the Korean firm handling Chevron Nigeria Limited’s, CNL, implementation of the Domestic Gas Supply Obligation, DSO, as well as the company’s Gas Supply Expansion Project modularisation, GSEP, may have deliberately sabotaged the Nigerian Content Act to ensure most, if not all the scope of work to be done is carried out in Korea.

Royal Dutch Shell PLC warned Nigeria that US$40 billion of planned investments in the oil-rich nation could be in jeopardy if lawmakers pass a proposed bill to overhaul the petroleum industry.

China has signed a $23 billion deal with Goodluck Jonathan's new government in Nigeria to build three oil refineries and a petrochemical plant, Nigerian media have reported.

Supermajor Shell has been forced to shut down some oil production in Nigeria after a fire at a major pipeline in the Niger Delta.

Fifty-eight-year-old Nigerian President Umaru Yar'Adua died at his presidential villa on Wednesday, state TV has said.

Royal Dutch Shell PLC spilled nearly 14,000 tons of crude oil into the creeks of the Niger Delta last year, the company has announced, blaming thieves and militants for the environmental damage.

THE 2010 oil and gas market research report by Companiessandmarkets.com has shown that the Nigeria petroleum industry would account for 11.92 per cent of African regional oil demand by 2014, while providing 22.72 per cent of supply.

Nigeria's controversial oil industry bill is expected to eventually pass but the government may find it tough to later shift gears as international oil firms targeted under the legislation scale back their investments.

Royal Dutch Shell Plc’s Kokori oil flow-station in the southern Niger River delta was attacked by the People’s Patriotic Revolutionary Force.

Five decades after Nigeria formally commenced crude oil exportation, and over three decades since the Petroleum Technology Development Fund (PTDF) was established for…

Gazprom signed an agreement with Nigerian state oil firm NNDC

OPEC is expected to produce about 1 million barrels a day above its total quota in March

Standard and Poor's said Friday it has revised down its outlook for Nigeria's ratings to "negative"

Declining oil revenues forced Nigeria to cut spending

Nigerian oil unions on Tuesday called off plans for a strike this week after the government promised to do more to improve security in the restive Niger Delta, AFX News Limited reported