Oil wells’ licensees that have failed to initiate drilling operations in the last 30 years risk losing such licenses. They will as well lose ownership of the facilities under the “drill or drop” ...

The Federal Government of Nigeria has said it would soon begin enforcement of the "drill or drop" provisions of the ...

In a renewed effort to boost production in the oil and gas sector, the Federal Government has disclosed ongoing plans to begin implementing the “drill or drop” provisions of the Petroleum Industry Act ...

Sen. Heineken Lokpobiri, Nigeriia's Minister of State for Petroleum Resources (Oil), made the call at the Cross Industry ...

Tells Oil Firms To Match Talks With Tangible Investments The Federal Government has called on International Oil Companies ...

The AIM-listed group now expects to deliver between 33,000 and 37,000 barrels of oil equivalent [boepd] per day this year, ...

Brazilian state-controlled oil company Petrobras has launched a new tender to contract a mid-sized floating production, ...

The federal government has called on major oil companies operating in the country to reciprocate its efforts in enhancing the ...

With the Federal Government setting a production target of 2.06 million barrels per day in 2025, the Minister of State ...

EQNR begins production at the Johan Castberg oil field in the Barents Sea, with expected plateau production in 2025 and the ...

Domestic law requires exporting group to list shares following its switch to a limited liability company in 2022 ...

Serica Energy, a British oil and natural gas company, lowered its production forecast for 2025 on Tuesday due to delays at its ...