Manager, Asset Integrity, NNPC-ATAMS Producing, Dr Musa Adamu, has said the process of drilling oil in Nasarawa State is ongoing and will soon reach the reservoir, due to some challenges.

Fourteen years after targeting to improve reserves to about 40 billion barrels, the Nigerian Upstream Petroleum Regulatory Commission (NERC), has said that the country’s oil reserve remains at 37.5 billion barrels.

Nigeria’s crude oil production plummeted further to a 2024 low in March as the country’s output stood at 1.2 million barrels per day (bpd) according to the Organisation of Petroleum Exporting Countries (OPEC).

Iran on Sunday sealed contracts worth billions of dollars with domestic companies to boost its oil production in the face of Western sanctions.

The Chief Technical Officer of Huawei for South Africa, Matamela Aubrey Mashau, has said cutting-edge technology and Artificial Intelligence (AI) can help Nigeria and other oil and gas producing nations around the world increase oil production, efficiently manage energy transition and rapidly recover from the economic impact of the COVID-19 pandemic.

Total Energies and its partners have announced the start of production from the Akpo West field on the PML2 license in Nigeria.

Niger State is poised to become a major agricultural powerhouse in Nigeria, thanks to a $25 million expansion strategy unveiled by the PJS Group for 2024. This ambitious plan builds upon the group's existing investments in the state, which have already significantly boosted the local economy and created numerous jobs. Governor Umaru Bago's Food Security…

Movement for the Survival of Ogoni People (MOSOP) has said that the commencement of oil production in Ogoni would trigger its development proposals that require commitment to invest proportion of resources extracted from the land into infrastructure development.

Nigeria and other oil and gas-producing countries in Africa may face serious economic problems in 2024 as the African Energy Chamber (AEC) projects a drastic reduction in the continent’s crude oil production.

Nigeria’s wobbling oil production could get better if moves by oil operators, especially in the upstream segment, in collaboration with the National Assembly, yield results.

Although Nigeria’s oil production remains dismal at 1.3 million barrels per day amidst theft and vandalism, Nigerian Upstream Regulatory Commission (NUPRC), yesterday, said the production would hit two million barrels by the end of this year.

Although about $490 billion is being invested this year to boost crude oil production and plug the supply gap, there are indications that supply shortfall may persist.