Friday, 29th September 2023

Crude Oil Production

14 May
The Managing Director (MD) of Shell Nigeria Exploration & Production Company (SNEPCo), Mrs. Elohor Aiboni, has expressed her appreciation to the leadership of the Nigerian National Petroleum Company (NNPC) Ltd and the NNPC Upstream Investment Management Services (NUIMS) for the level of collaboration geared towards maximising the potential of the deepwater assets and delivering key projects.
18 Jan
The Organisation of the Petroleum Exporting Countries (OPEC), yesterday, left its key forecasts for 2023 oil supply and demand unchanged for the second month running, even as it increased output, according to its latest monthly production data.
31 May 2022
Nigeria’s crude oil production increased by 70,000 barrels per day in May according to a Reuters Survey released on Tuesday. The document, which was obtained by the News Agency of Nigeria (NAN) in Lagos, showed that the country’s crude oil production averaged 1.42mbpd in May. The figure is 70,000bpd higher than the average crude oil…
14 Mar 2022
Eni, the parent company of Nigerian Agip Oil Company (NAOC) on Monday declared a Force Majeure on expected oil output at its Brass terminal in Yenagoa.
13 Dec 2021
Nigeria has regained the top spot among crude oil producing countries in Africa with the nation’s crude oil production averaging 1.27 million barrels per day in November.
6 Aug 2021
Gov. Ifeanyi Okowa of Delta has called for proper monitoring of Nigeria’s crude oil production to ascertain volume and ensure transparency and accountability in the oil and gas sector.
4 Sep 2019
Nigeria’s crude oil production may witness a steady decline to approximately 7.93 per cent before 2025, a new research, conducted by U.S.-based Orbis Research has said.Being the same year Nigeria has targeted to increase oil reserve to about 40 billion and daily production....
15 May 2018
Nigeria’s crude oil production including condensate reached 2.069 million barrels per day (mbpd) in April 2018, according to data from the Federal Ministry of Petroleum Resources.
16 Jan 2018
Nigeria’s crude oil production, including condensate hit 2.057 million barrels per day (bpd) in the month of December 2017.
15 Sep 2017
Crude oil production freeze is now imminent for Nigeria, as the country’s oil production increased by 138,300 barrels per day (bpd) from the 1.723 million (bpd in July to 1.861million bpd, according to the latest report from the Organisation.....
7 Aug 2017
Its Group Managing Director (GMD), Dr. Maikanti Baru, said this at the inauguration of the members of the corporation’s re-constituted anti corruption committee in Abuja.
7 Jul 2017
The Federal Ministry of Petroleum Resources has put Nigeria’s crude oil production, including condensate at 2.025 million barrels per day in June 2017.Besides, the agency said the Federal Government is yet to secure funding for the rehabilitation of the country’s refineries.


18 mins ago
Nigeria has the best balance sheet of natural endowments to natural hazards and disasters in the world. Its citizens must, therefore, “stop acting like spoilt brats” by embracing enormous opportunities and shunning “primordial sectional agenda”.
22 mins ago
The African Cashew Alliance (ACA) has called on President of the Consultative International Cashew Council (CICC) to create an African Cashew Development Fund, which will help develop a system where Raw Cashew Nuts (RCN) are processed in Africa instead of shipping them to Vietnam and India.
23 mins ago
The Nasrul-lahi-li Fathi Society of Nigeria (NASFAT) has appealed to Nigerians to be patient with President Bola Ahmed Tinubu over the harsh effect of fuel subsidy removal.
23 mins ago
As the clock ticks on the November 11 governorship election in Kogi State, the post-primary crisis rocking the ruling All Progressives Congress (APC) is getting messier as the internal mechanism to resolve the impasse has not produced positive results.
24 mins ago
Aviation stakeholders have called for tough legislation and its enforcement to curb rising cases of unruly passengers in the local air transport sector.