OPEC+ Expected to Maintain Current Oil Output Levels
OPEC+ ministers are expected to maintain current oil production levels in their upcoming online meeting. Analysts cite market uncertainty and Ukraine conflict impacts on prices. Read more.
Category : Search result: crude oil production
Ogoni Lament FG Silence After Oil Resumption Report
Ogoni communities express frustration over Federal Government's silence months after receiving crucial committee report on potential oil exploration resumption in Ogoniland.
Anambra Gives 220M Palm Seedlings to Households
Anambra State has distributed 220 million palm seedlings to 180,000 households in two years under Governor Soludo's agricultural revolution. Discover how this initiative aims to transform the state's economy.
OPEC+ 2025 Oil Output Policy: A Review
OPEC+ surprised markets in 2025 by hiking oil production. Discover how this strategy fared, the role of Trump's return, and what's next for global oil prices.
Edo Govt Denies Revoking Presco Land Rights
Edo State government refutes an unauthorised notice revoking Presco Plc's land rights. Read the official statement and analysis on the state's commitment to investor protection.
Reps Demand EFCC Account for Seized Crude Oil
House of Representatives committee presses EFCC for full details on crude oil seizures and sales under Naira-for-Crude Policy. Hearing adjourned to December 4.
Rivers remains key oil investment hub - Fubara
Governor Siminalayi Fubara assures investors Rivers State is secure and open for oil and gas business. Discover opportunities in Nigeria's hydrocarbon heartland.
NNPC Targets 2026 for Refinery Partners, Posts N5.4tn Profit
NNPC Limited announces June 2026 timeline to select technical partners for Port Harcourt, Warri and Kaduna refineries rehabilitation while revealing record N5.4 trillion profit for 2024.
Scientific Research Guides Nigeria's Oil Production
Dr Omonigho Khalin Egbo's geochemical studies provide crucial data for Nigeria's energy security and revenue growth. Discover how his findings are shaping national oil policy.
NNPC Posts N5.4trn Profit, Reveals $60bn Investment Plan
NNPC Limited announces record N5.4 trillion profit after tax for 2024 and reveals ambitious $60 billion investment strategy to boost oil, gas and clean energy capacity by 2030.
NNPCL Targets Higher Production, Gas Monetisation in 2025
NNPC Limited reveals a ₦5.4 trillion profit and outlines a bold 2025 strategy focusing on increased oil production to 1.8 million bpd, aggressive gas monetisation, and cost-cutting measures. Discover how this impacts Nigeria's economy.
Nigeria's Petroleum Reforms Earn Continental Recognition
Pan African Parliament commends Nigeria's petroleum sector reforms and PIA implementation. Nigeria's oil production rebounds to 1.7 million barrels daily, becoming Africa's benchmark for oil governance.
PINL uses town criers to fight pipeline vandalism
Pipeline Infrastructure Nigeria Limited deploys local town criers to enhance security on the Trans Niger Pipeline. Vandalism attempts have dropped by 87% since 2022. Read more on this community-driven success.
Reps Threaten Arrest in Naira-for-Crude Probe
The House of Representatives issues a 7-day ultimatum to MDAs, threatening arrest warrants for non-compliance with the Naira-for-Crude Oil policy investigation. Full details on the escalating standoff.
US MOSOP: Exclude Ogoni from oil block bids
MOSOP USA calls for Ogoni oil blocks removal from bidding rounds to protect fragile peace process. Federal Government urged to prioritize reconciliation before oil resumption.
Nigeria Oil Production Hits 1.7m bpd After Reforms
Nigeria's oil production exceeds 1.7 million barrels daily as NUPRC reforms gain international support. Discover how Komolafe's leadership is driving sector recovery.
Reps Panel Vows to End Oil Revenue Leakages
House of Representatives committee pledges to halt massive revenue losses in Nigeria's oil and non-oil export sectors, aiming to recover billions lost annually through systemic leakages.
Local Refiners Demand Crude Price Regulation in Nigeria
Nigerian petroleum refiners urge government intervention on crude oil pricing and supply challenges. CORAN seeks regulatory protection to compete against importers.
Emadeb Records First Oil Production from Ibom Field
Emadeb Exploration and Production Company Limited has commenced commercial oil production from Ibom Field PPL 236, marking a significant milestone for Nigeria's upstream oil sector and indigenous operators.
Serbia's NIS oil firm faces shutdown amid US sanctions
Serbia confronts a winter energy crisis as US sanctions on Russian-owned NIS threaten oil supplies. President Vučić seeks to avoid confiscation of Russian shares. Read more.
BOP Unveils 4 Producers Driving Nigerian Music Hits
Dapper Music's BOP production arm launches with four elite producers—Badass, Deo Beats, Japh Kenti & Shakablaka—to craft the next wave of Nigerian bangers. Discover how they're reshaping the soundscape.
Fossil Fuel Fight Intensifies at UN Climate Summit COP30
Dozens of nations push for fossil fuel phaseout roadmap at COP30 in Brazil, facing stiff opposition from oil powers. Will global climate action accelerate? Read more.
NUPRC's 2025 Oil Licensing Round Ignites Confidence
Nigeria's 2025 oil licensing round announced by NUPRC marks turning point for energy sector. Global investors show renewed interest as reforms boost transparency and production targets.
IEA: Global Oil Supply Outstrips Demand in 2026
The International Energy Agency reports a growing oil supply surplus, forecasting a 4 million bpd oversupply by 2026. Discover the market implications for Nigeria.
Nigeria loses $15bn annually to oil theft
Experts reveal Nigeria loses $15 billion yearly to oil theft, undermining Tinubu's reforms and economic growth. Urgent action is needed to secure the nation's energy future.
Nigeria Opens 2025 Oil Licensing Round December 1
Nigeria's NUPRC launches 2025 oil licensing round on December 1, earning praise for transparency and potential to boost production beyond 2 million barrels daily.
Nigeria Sets December 1 for 2025 Oil Licensing Round
NUPRC confirms 2025 oil licensing round starting December 1, aiming to boost Nigeria's crude production and create new investment opportunities. Learn how this could transform Nigeria's energy sector.
World Wine Output to See Modest 2025 Recovery
Global wine production is projected for a modest 3% recovery in 2025, yet remains below average due to climate change and shifting consumer habits. Get the full analysis.
Oshiomhole: Don't Tax Nigerian-Made Beer, Goods
Senator Adams Oshiomhole argues for removing excise duty on locally produced goods like beer to boost Nigerian manufacturing. Read his compelling reasons and public reactions.
Nigeria May Sell NNPC Assets Amid Oil Production Crisis
Federal Government considers selling NNPC assets as crude output plummets. Presidential adviser reveals restructuring plans to revive Nigeria's energy sector. Read more.
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