Latest Stories

Total puts work at Preowei field offshore Nigeria on hold

21 April 2020

Total has put plans for the development of Preowei, an oilfield located offshore Nigeria, on hold, citing unfavourable investment conditions.

Liberia extends bidding in offshore licensing round

21 April 2020

The government of Liberia has extended the deadline for submitting bids in the country’s first offshore licensing round by four months.

UPDATED-Oil market’s woes ensnare Nigeria

21 April 2020

The world oil market’s woes have ensnared Nigeria, which was already suffering from demand destruction and inadequate storage.

UPDATED: Oil prices fall to less than zero for the first time in history

20 April 2020

Oil prices fell to less than zero for the first time in history as producers ran out of places to store crude on April 20.