oil production
17 Apr
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.
16 Apr
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.
12 Apr
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).
17 Mar
Iran on Sunday sealed contracts worth billions of dollars with domestic companies to boost its oil production in the face of Western sanctions.
10 Mar
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.
8 Feb
Total Energies and its partners have announced the start of production from the Akpo West field on the PML2 license in Nigeria.
17 Jan
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…
12 Jan
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.
21 Nov
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.
31 Oct
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.
14 Oct 2023
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.
30 Aug 2023
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.
Latest
18 mins ago
The Joint Admission and Matriculation Board (JAMB) has arrested a father for impersonating son during the ongoing Unified Tertiary Matriculation Examination (UTME).
18 mins ago
The Rwandan government has said it welcomes the decision by the British parliament to approve its migrant deportation bill.
34 mins ago
European Union, (EU), and it's partners, are seeking ways to mitigate persistent farmers/herders conflicts over natural resources in communities of Adamawa and Taraba states.
37 mins ago
[ad]
40 mins ago
A Federal High Court, Lagos has adjourned sine die (indefinitely) the suit filed against First Bank Holdings by the bank's shareholder, Olusegun Samuel Onagoruwa, seeking to stop the yearly General Meeting of the bank.
43 mins ago
Weak digital public infrastructure has been identified as a significant factor that hampers the government's ability to effectively and equitably deliver services to its citizens.
46 mins ago
Ahead of the September Edo state governorship poll, candidate of the All Progressives Congress (APC), Senator Monday Okpebholo has pledged to transform the state into an economic powerhouse in Nigeria.
1 day ago
Tanzania has shut down five hydroelectric stations to reduce excess electricity in the national grid, the prime minister Kassim Majaliwa has said. According to Majaliwa, the main plant, Mwalimu Nyerere Hydroelectric Station, has alone generated enough electricity to power major cities. Among the cities that are being powered is Dar es Salaam, the country’s commercial…
1 day ago
Everton secured their first win in a Merseyside derby at Goodison Park since 2010 to leave Liverpool's Premier League title aspirations in ruins after a 2-0 defeat on Wednesday.
1 day ago
KPMG has announced the cancellation of job offers to some foreign graduates in the United Kingdom (UK). KPMG took this step following the decision of the UK government to tighten visa rules for overseas workers in a bid to cut record immigration. The Financial Times reports that one of the UK’s biggest graduate employers, the…