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Nigeria oil production

  • In the News

    Nigeria’s Oil Output Reaches Highest Level in Over Three Years

    by Adedotun Oyeniyi February 17, 2025
    by Adedotun Oyeniyi February 17, 2025

    Nigeria’s crude oil production surged to 1.737 million bpd in January, its highest in three years, as the country aims for 2.3 million bpd by 2025.

  • In the News

    Nigeria’s Oil Production Surpasses OPEC Quota, Says NNPC

    by Adedotun Oyeniyi November 26, 2024
    by Adedotun Oyeniyi November 26, 2024

    Nigeria’s crude oil output exceeded its OPEC quota in October, reaching 1.8mbpd as stakeholders target 2mbpd by year-end

  • In the News

    FNCCI Calls on Nigerian Government to Supply Local Crude to Refineries

    by Adenike Adeodun August 28, 2024
    by Adenike Adeodun August 28, 2024

    The Franco-Nigerian Chamber of Commerce and Industry urges Nigeria to supply local crude oil to refineries and address oil theft to ensure sustainable energy costs.

  • In the News

    Nigeria’s Oil Output Dips: A Challenge to Revenue Goals

    by Oluwatosin Racheal Alabi February 14, 2024
    by Oluwatosin Racheal Alabi February 14, 2024

    Nigeria’s oil production has seen a significant drop, falling to 1.33 million barrels per day (bpd) from the 1.7 million bpd recorded in October of the previous year, a 27.66 …

  • In the NewsOil & Gas

    NNPC Spends N268B on Security Amid Oil Production Challenges

    by Adenike Adeodun February 8, 2024
    by Adenike Adeodun February 8, 2024

    The NNPCL spends heavily on security amid rising challenges, putting Nigeria’s oil production and sector profitability at risk.

  • In the NewsMarketsOil & Gas

    Nigeria Reduces Oil Production Target Amid Challenges

    by Oluwatosin Racheal Alabi January 4, 2024
    by Oluwatosin Racheal Alabi January 4, 2024

    Nigeria adjusts oil production targets, focusing on realistic goals and sector revitalization.

  • In the NewsOil & Gas

    Nigeria Incurs $13.5bn Loss from Oil Production Shortfall in 10 Months

    by Adenike Adeodun November 21, 2023
    by Adenike Adeodun November 21, 2023

    Nigeria has faced a significant setback in its crude oil production, failing to meet its Organisation of Petroleum Exporting Countries (OPEC) quota and resulting in an estimated loss of $13.5 …

  • Oil & Gas

    NNPC Ltd Resolves PENGASSAN-TotalEnergies Rift, Restarts Oil Production

    by Oluwatosin Racheal Alabi November 14, 2023
    by Oluwatosin Racheal Alabi November 14, 2023

    NNPC Ltd successfully mediated between PENGASSAN and TotalEnergies, leading to the restoration of 275,000 barrels of oil per day production.

  • In the NewsMarketsOil & Gas

    Nigeria’s Oil Production Boost a $7.6 Billion Necessity

    by Oluwatosin Racheal Alabi November 7, 2023
    by Oluwatosin Racheal Alabi November 7, 2023

    Nigeria requires $7.6 billion to elevate oil output to 2.1 million bpd by 2025, amidst energy sector shifts.

  • In the NewsOil & Gas

    Lokpobiri: Nigeria Eyes 2 Million Barrels Daily Oil Output by 2023

    by Adenike Adeodun November 6, 2023
    by Adenike Adeodun November 6, 2023

    Minister of State for Petroleum Resources Heineken Lokpobiri revealed ambitious plans to elevate Nigeria’s crude oil production to at least two million barrels daily by the end of 2023. During …

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Editors' Picks

Nigeria’s Oil Boom: Record Production in September 2023

Egypt Strikes $340 Million Oil and Gas Deals to Revive Declining Output
ExxonMobil Criticizes EU’s Climate Strategy, Says High Costs Hurt Industry

Latest Stories

Egypt Strikes $340 Million Oil and Gas Deals to...
ExxonMobil Criticizes EU’s Climate Strategy, Says High Costs Hurt...
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