The Nigerian National Petroleum Corporation (NNPC) Limited said on Thursday that oil production has been increased to 1.8 million barrels per

Uncertainties, which clouded the benchmarking of oil production against Nigeria’s budget may persist as the country’s ambition to reach a production target of 2.5 million barrels per day (bpd) is mired in infrastructure and security challenges.

The Nigerian Upstream Regulatory Petroleum Commission (NUPRC) Monday said an additional 1 million barrels of crude oil, translating to about $2.4 billion in monthly revenue, will be produced in Nigeria. This development, announced at the third anniversary of the agency and the launch of the initiative, is expected to bring all the oil companies operating…

Nigeria’s oil and gas sector took a significant step forward with the commencement of a local upgrade of the FPSO Tamara Nanaye, a Floating Production Storage and Offloading vessel, at the Laudo yard in Apapa, Lagos.

The Federal Government is targeting an increase in Nigeria’s oil production from its present 1.4 million barrels per day (mbpd) to 2.3 mbpd by mid-2025 due to its successful fight against oil theft.  

The Chief of Defense Staff (CDS), General Christopher Musa, in a bid to enhance Nigeria’s crude oil production, has directed troops of the Nigerian Army, Air Force, and Navy to increase production from 1.35 million to 2.2 million barrels per day by December 2024.

The administration of President Bola Tinubu is demonstrating a robust commitment to enhancing the welfare of host communities, particularly those involved in oil production and mining activities. This pledge was underscored by Minister of State for Petroleum, Heineken Lokpobiri, who emphasised the government's dedication to ensuring that the benefits of oil production are effectively extended…

A coalition of Northern stakeholders under the auspices of the Arewa Youths Assembly has commended the management of the Nigerian National

Nigeria's potential to ramp up its crude oil production to 2.5 million barrels per day (bpd) is being hampered by a significant lack of investment and security, the Executive Director of Heir Energies, Osayande Igiehon, has said. Although Nigeria has about 37 billion barrels of crude oil reserves, the country’s current production hovers around 1.3…

The Group Chief Executive Officer of the Nigerian National Petroleum Company Ltd (NNPCL), Mele Kyari, has projected an increase in crude oil production to about two million barrels per day by the end of this year.  

The Chief Executive Officer (CEO), Kenyon International, Dr. Victor Ekpenyong, has revealed that Nigeria can unlock its potential to increase its oil production to meet local refining demands by utilising idle brownfields.  

As oil production increased in Nigeria in the 1970s, Professor Aluko was still inclined to support the thought that the state can be an engi