A new report and analysis from Westwood Global Energy Group (Westwood), the specialist market research and consultancy firm, indicated a positive outlook for the Nigerian oil and gas sector, following a decade of unmet potential.
Latest analysis from Westwood Global Energy Group uncovers a positive outlook for the Nigerian oil and gas sector, following a decade of unmet potential. However, success will hinge on timeliness of project completion, along with nation-wide infrastructure and security improvements.
DESPITE Nigeria’s dwindling revenue, oil and gas companies operating in the country flared 12.7 million standard cubic feet (mscf) of gas in July 2023, according to the latest data from the National Oil Spill Detection and Response Agency (NOSDRA).
Oil production in Nigeria slumped by 15.5% in July from June, marking the third month-on-month decline since April, according to data from the local upstream regulator.
The Minister of State, (Oil) Petroleum Resources, Senator Heineken Lokpobiri has assured that Nigeria will witness increase in oil production on a sustainable basis in the nearest future.
Nigeria lost about N249bn crude oil revenue in July following a plunge in the country’s oil output by over four million barrels in the same month, latest oil production data seen on Sunday showed
Stakeholders in the extractive industries have approved the Nigeria Extractive Industries Transparency Initiative (NEITI) 2021 independent industry reports of the oil, gas and mining sectors.
Nigeria’s LNG facility on Bonny Island will continue its force majeure declared in October 2022 due to flooding disrupting supply, Reuters reported on Wednesday.
Nigeria’s oil output could improve as Shell Petroleum Development Company (SPDC) says it has resumed loading on Nigeria’s Forcados crude oil after a months-long outage over a pipeline leak at the export terminal.
Nigeria’s crude oil output slumped to a three-month low data from the Nigeria Upstream Petroleum Regulatory Commission (NUPRC) and Organization of Petroleum Exporting Countries (OPEC) reveals.