Nigeria’s rising crude oil production has reduced the declining output by the other member countries of the Organisation of Petroleum Exporting Countries (OPEC), a survey has shown.
Nigerian authorities and Shell’s local subsidiary were on Monday investigating the cause of an oil spill on the Trans Niger pipeline that lasted several days.
The Nigerian government and the United States of America on Monday expressed their willingness to strengthen partnership in Nigeria’s energy sector.
President Bola Ahmed Tinubu’s Policy Advisory Council has proposed the sale of the major stakes of the Nigerian National Petroleum Company Limited (NNPC) in the upstream, midstream and downstream sectors of the oil and gas industry.
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.