The Organization of Petroleum Exporting Countries (OPEC) and its allies, on Sunday, agreed to cut global oil production by 1.393 million barrels per day, reducing Nigeria’s oil production quota by 20.7 percent.
NIGERIA’s oil production, including Condensate, dropped month-on-month, MoM, by 17.7 per cent to 1.25 million barrels per day, bpd in April 2023, from 1.52 million bpd recorded in the preceding month of March 2023.
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced that the country’s gas reserves currently stand at 208.83 trillion cubic feet, offering potential investors a huge potential.
The Host Communities of Nigeria Producing Oil and Gas (HOSCON) will hold its oil and gas summit on the smooth implementation of the Petroleum Industry Act on May 25 at the Petroleum Training Institute, Efurun, Warri, Delta State, the body said at the weekend.
Angola overtook Nigeria to emerge top African crude oil producer for the month of April, data from the Organization of Petroleum Exporting Countries (OPEC) has shown.
THE Nigerian Upstream Petroleum Regulatory Commission, NUPRC, has disclosed that at 1.5 million barrels per day, Nigeria was producing oil at 60 percent of technically allowable 2.5 million barrels per day.
Nigeria is suitably positioned to become a superpower in the unfolding energy transition regime given its over 200 million population and abundant energy sources, the Nigerian Upstream Regulatory Commission (NUPRC) has said.
Most international oil companies that operate in Nigeria’s upstream sector redirected their capital investments worth about $21bn to other countries between 2014 and 2022, the Federal Government announced on Thursday.
(Bloomberg) – A senior Nigerian minister urged the country’s president to end a long-running dispute with Eni SpA and Shell Plc to allow the companies to finally develop a prized deepwater oil license.
One small-scale miner was killed and four injured as security forces moved to evict them from a concession held by Ghana’s Golden Star Resources.