The country’s dwindling oil production, currently standing around one million barrel per day may receive a boost as Green Energy, operator of Otakikpo Marginal Field in OML 11 move to increase production...
13 May 2022
The Chairman of the Nigerian chapter of the International Association of Drilling Contractors (IADC), Chuks Enwereji, has advised operators in the drilling sector to retool their skills so they can take advantage of the boom in the oil and gas sector.
19 Nov 2021
Unabating security challenges in the agriculture sector and poor crude oil production capacity in the third quarter of this year have slowed the pace of economic growth the country witnessed during the period.
9 Oct 2019
South Sudan’s oil production has reached 178,000 barrels per day (bpd), the oil ministry said on Wednesday and the country aims for output to reach 200,000 bpd within the next two years.
19 May 2019
Amid resistance, crude oil production will commence in Ogoni area of OML 11, as the Presidency recently directed the Nigerian National Petroleum Corporation/Nigerian Petroleum Development Company (NPDC) to takeover operations from Shell.
24 Sep 2017
Federal Government’s perceived lack of commitment to the peace process in Niger Delta might thwart its efforts to increase or sustain current oil production levels.
24 Jan 2017
Oil money in one community is used progressively. Oil money in another community is not used progressively leading to endless disputes, intrigues and lawsuits.
16 Nov 2016
Angola, which is Nigeria’s rival in terms of crude oil production, surpassed Nigeria with over 200,000 bpd due to the renewed militancy in the Niger Delta, which led to drastic drop in the country’s out put.
13 Jul 2016
The U.S. Energy Information Administration (EIA) has projected that the U.S. petroleum and other liquid fuels production would grow from 14.8 million barrels per day (bpd) in 2015 to 18.6 million bpd in 2040.
24 May 2016
It noted that the Federal Government has not also been able to meet the $1.1 billion to the indigenous oil and gas operators in the country.