Heirs Energies marks 5 years with major oil, gas production growth
Heirs Energies reports oil production doubled & gas tripled on OML 17 after five years, boosting Nigeria's domestic energy supply and power generation. Read the full report.
Category : Search result: first oil production
Navy's Operation Delta Sentinel to curb oil theft, aid 2.5mbpd target
The Nigerian Navy launches Operation Delta Sentinel to secure oil assets and boost production. TotalEnergies divests stake in Renaissance JV. Read the full details.
Nigeria's Oil Production Falls as FG Sets Strict Bid Terms
Nigeria's crude oil production fell in December 2025, lagging behind OPEC peers. The FG announces strict terms for the 2025 bid round, ending licence speculation. Read the full analysis.
Navy Launches Operation Delta Sentinel to Boost Oil Production
The Nigerian Navy launches Operation Delta Sentinel to secure oil assets and boost production to 2.5 million barrels per day by 2027. Read about the new maritime security strategy.
Advocate Calls on Danjuma to Drive Taraba's Cocoa, Palm Oil Agenda
Development expert Emmanuel Iranyang Yakubu urges Gen. T.Y. Danjuma to lead large-scale investment in Taraba's cocoa and palm oil sectors to tackle poverty and unlock the state's vast agricultural wealth.
Call for Danjuma to Champion Taraba's Cocoa, Palm Oil Economy
A youth-led group urges General T.Y. Danjuma to invest in Taraba's cocoa and palm oil sectors to tackle poverty and unemployment. Can this unlock the state's vast agricultural wealth?
Trump Pitches Venezuela Oil to US Majors, Faces Doubts
US President Trump urges oil executives to invest in Venezuela's vast reserves post-Maduro capture, promising security. CEOs remain wary, citing past seizures and calling the nation 'uninvestable'.
Nigeria's Oil Production to Hit 1.8mbpd by Q2 2026
A new report projects Nigeria's oil production could reach 1.8 million barrels per day by Q2 2026, driven by Ogoni fields revival and pipeline security. Discover the key milestones and economic impact.
CBN Predicts N950 Fuel Price for 2026
The Central Bank of Nigeria projects petrol prices will hover around N950 per litre in 2026, based on oil prices and forex. This is higher than current rates set by Dangote Refinery. Read the full analysis.
Venezuela Oil Ships Head to US as Storage Nears Capacity
Three Chevron-chartered tankers are transporting Venezuelan crude to the US, as sanctions cause a major storage buildup. Get the latest on the oil shipments and the looming capacity crisis.
US Demands Venezuela Cut Ties with China, Russia, Iran
The Trump administration outlines conditions for Venezuela's oil restart, including severing ties with US adversaries and partnering with American firms. Read the full details.
US to Control Venezuela Oil Sales Indefinitely
US Energy Secretary Chris Wright declares indefinite US control over Venezuelan oil sales, aiming to revive production with billions in investment. Details on the plan and its implications.
Oil Prices Slip to $61 Amid Venezuela Instability
Global oil prices fall to $61 per barrel due to Venezuela's instability. Analysts warn of further drops below $60 if US tensions persist. OPEC+ pauses production hikes.
Trump's 18-Month Plan for US Oil in Venezuela
US President Donald Trump outlines a timeline for American oil companies to expand operations in Venezuela within 18 months, following the capture of Nicolas Maduro. Details inside.
US Venezuela Oil Plan Poses Risk to Nigeria's 2026 Budget
Experts warn that US efforts to revive Venezuela's oil industry could destabilise Nigeria's 2026 budget, which relies heavily on uncertain oil earnings. Discover the potential impact and calls for diversification.
Nigeria's N58tr Budget Faces $10bn Hole from Venezuela Crisis
Political upheaval in Venezuela could flood oil markets, slashing prices and creating a $10 billion shortfall in Nigeria's 2026 budget. Experts warn of severe fiscal strain and pressure on the Naira. Read the full analysis.
Venezuela Crisis Puts Nigeria's N58tr Budget at Risk
Geopolitical shifts in Venezuela could crash oil prices, threatening Nigeria's N58.18 trillion 2026 spending plan and naira stability. Experts warn of a potential $10.24 billion revenue shortfall.
Trump Eyes Venezuela Oil After Seizing Maduro
Following the capture of Venezuelan leader Nicolás Maduro, US President Donald Trump has announced plans for American firms to develop Venezuela's vast oil reserves. Experts warn the plan faces massive hurdles and could take a decade. Read more on the imp
US Venezuela Action Poses Oil Price Risk to Nigeria - Expert
Economist Kalu Aja warns US intervention in Venezuela may flood oil market, pressuring prices and jeopardising Nigeria's $64 per barrel 2026 budget benchmark. Read the full analysis.
Nigeria's Oil Sector Wins in 2025, Says Minister Lokpobiri
Minister Heineken Lokpobiri declares 2025 a successful year for Nigeria's oil sector, driven by reforms, new investments, and strengthened local content. Read the full report on the industry's progress and 2026 outlook.
Dangote Refinery Exports to Ghana May Decline
Ghana's Tema Oil Refinery is back online after years of inactivity, operating at 28,000 bpd. This could reduce its reliance on imports from Nigeria's Dangote Refinery, its top 2025 supplier. Explore the shifting energy dynamics in West Africa.
Tinubu cancels $1.42bn NNPC debt, Agbese reacts
President Tinubu cancels $1.42bn NNPC debt. Reps' Agbese links it to CEO Ojulari's transparency and record oil output. Read the full analysis.
NNPC remits N12.1trn, reports N502bn profit in 2025
NNPC Limited remitted N12.117 trillion to the Federation Account in ten months, reporting strong revenue and profit growth. Oil production held steady as key gas pipeline projects near completion.
NNPC Records N4.36tr Revenue, N502bn Profit
NNPC Ltd announces N4.36 trillion revenue and N502 billion profit for November 2025, driven by increased oil production. Discover the full financial and operational breakdown.
Army Arrests 19 Oil Thieves, Destroys 22 Illegal Refining Sites
Nigerian Army's 6 Division, in a sustained operation, has arrested 19 suspects and dismantled 22 illegal refining hubs in the Niger Delta, recovering over N150 million worth of stolen crude. Read the full report on the crackdown.
OML 30 Sees Rising Production After Major Restructuring
Heritage Energy says years of restructuring and investment in OML 30 are now yielding rising production and stronger reserves. The firm prioritized long-term stability over short-term gains.
Nigeria Aims to Resume Oil Production in Ogoniland
The Nigerian government is pushing to resume crude oil production in Ogoniland, Rivers State, marking a major shift in a long-standing dispute. Read about the new peace efforts and economic implications.
Nigeria ships 33.2m barrels of crude to U.S. in eight months
Nigeria strengthens its role as the top African crude oil supplier to the United States, exporting 33.23 million barrels worth $2.57 billion from January to August 2025. Discover the economic impact and the role of Dangote Refinery.
Tinubu hails Ogoni peace pact ahead of oil resumption
President Tinubu commends Ogoni peace efforts for oil revival, but activists demand justice and environmental cleanup first. Read the full story on the tensions and government plans.
PETROAN: N58.18tr 2026 Budget Achievable with 1.84mbpd
PETROAN endorses Nigeria's 2026 budget, citing realistic oil targets. It urges transparent privatisation of state refineries by Q1 2026 and highlights security, host communities, and regulatory funding as key to success.
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