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Nigeria’s oil exploration dropped sharply in April — OPEC

Nigeria’s oil exploration and drilling activities declined by 41.7 per cent in April 2026, following reduced upstream operations and investment activities. According to the May 2026 Monthly Oil Market Report of the Organization of the Petroleum Exporting Countries, Nigeria’s rig count – a major indicator of upstream oil and gas activities – dropped to 12 […]

Oil and Gas

ADES secures $48.2m jack-up rig contract in Nigeria

Offshore drilling contractor ADES Holding has secured a new contract in Nigeria for its Main Pass IV standard jack-up rig. The contract has a one-year firm term with an additional one-year unpriced option, with the firm term value of the contract of $48.2 million. The company said the rig recently completed its previous work in […]

Oil and Gas

Imo leaders back Tompolo’s anti-bunkering surveillance in oil region

In a show of solidarity and support, traditional rulers and stakeholders from Imo State, particularly those from Ohaji/Egbema Local Government Council, have thrown their weight behind the surveillance team led by Oweizidei Thomas Ekpemupolo, also known as Tompolo, passing a vote of confidence on him for his efforts in curbing illegal oil bunkering activities in […]