A climate of fear has gripped Rivers State as the Niger Delta Rescue Movement (NDRM), a militant group, issued a stark warning to non-indigenes, urging them...
The Organisation of Petroleum Exporting Countries (OPEC) said on Thursday that Nigeria’s average daily crude oil production increased significantly to 1.53 million barrels per day (bpd)...
The Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, has said Nigeria would conform to the Organisation of Petroleum Exporting Countries (OPEC) 1.5 million barrel...
The Minister of Budget and Economic Planning, Atiku Bagudu, on Wednesday blamed Nigeria’s dwindling oil production output on under-investment in the sector. Bagudu spoke at the...
Nigeria’s oil production has taken a hit due to problems plaguing the Trans Niger Pipeline (TNP), according to a statement released by the Federal Government (FG)...
The OPEC+ alliance yesterday announced that it was keeping the current oil production cut policy unchanged, in an attempt to maintain global stability in crude oil...
The Secretary General of the Organisation of the Petroleum Exporting Countries (OPEC), Haitham Al-Ghais, has warned that Nigeria risks missing out on the $14 trillion investment...
Analysts at Meristem Research are projecting an increase in Nigeria’s oil production in 2024 barring any significant, unexpected shock to the sector in the year. The...
A total of 275, 000 barrels of oil per day production at TotalEnergies, after the Nigerian National Petroleum Company Limited (NNPCL) brokered a peace deal between...
Nigeria’s crude oil output rose to 1.3 million barrels per day in February, the highest in 13 months. The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) disclosed...
The Nigerian National Petroleum Company Limited (NNPCL) said on Friday that Nigeria’s oil production has risen to 1.6 million barrels per day, its highest in months....
Nigerian economist and philanthropist, Tony Elumelu has taken to the microblogging site, Twitter to express his disappointment in the leadership of the country. In his thread...
Libya could become the number one oil-producing country in Africa amid Nigeria’s struggles. Data from the Organisation of Petroleum Exporting Countries (OPEC) Monthly Oil Market Report...
The Organisation of Petroleum Exporting Countries (OPEC)has increased Nigeria’s oil production capacity to 1.735 million barrels in April 2022, if possible. This is according to data...
The Ogun State Governor, Dapo Abiodun, has announced that his administration was working towards ensuring that the state becomes an oil producing one. Abiodun revealed this...
Libya has eclipsed Nigeria as Africa’s largest oil producer following a recent drop in the West African nation production, the Organization of the Petroleum Exporting Countries...
The Organisation of the Petroleum Exporting Countries (OPEC) said on Thursday Nigeria’s crude oil production averaged 1.451 million barrels per day in September. In its Oil...
The international oil benchmark, Brent crude, against which Nigeria’s crude oil is priced sustained its recovery as price rose by 3.5 percent, or $2.44, to $71.11...
The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has issued an ultimatum to stop oil production platforms managed by Brittania U Oil and...
Nigeria’s daily oil production declined to 1.32 million barrels per day (bpd) in November following an oil output cut agreement among members of the Organisation of...
The Nigerian National Petroleum Corporation (NNPC) Thursday said it had teed off oil production at Anyala Field IN Oil Mining Leases 83/85 jointly held with oil...
The Nigerian National Petroleum Corporation (NNPC) has said the country might have to halt the production of oil if the prices of oil continued to fall...
Billionaire mogul, Aliko Dangote, will launch a foray into crude oil production come July this year, a feat that will mark the latest addition to an expanding...
The first Managing Director of the Niger Delta Development Commission (NDDC), Godwin Omene, has insisted that the Nigerian economy will continue to depend on oil production,...
With expectations that the nation will increase its oil production, consolidated by price moderation efforts of the Organization of Petroleum Exporting Countries (OPEC), the Nigeria Extractive...
The 2019 budget estimates proposal presented to the National Assembly by President Muhammadu Buhari is heavily tilted towards recurrent expenditures, doubling what the executive proposed for...
Nigeria’s crude oil and condensate production has dropped to 1.89 million barrels per day (mbpd), indicating over 0.41 mbpd shortfall projected in the 2018 budget, data...
Nigeria has survived a threat of withdrawal of exemption largess given it by OPEC in oil production cuts, as member countries agreed to extend the output...
Nigeria will be saving about $31.4 billion yearly as the NNPC plans downward review of oil production cost before the end of 2017, according to its...
The renewed militancy in the oil rich Niger Delta keeps getting worse by the day, as a new militant group Thursday, emerged to swell the rank....
To ensure that the crude oil which is the country’s main resource base continues to flow, youths of the Niger Delta area have called on the...
