Tag:Crude Oil Production

Energy

Nigeria Meets OPEC Quota as August Oil Output Rises to 1.5m bpd

Nigeria’s crude oil production rose by 0.4 per cent in August 2026 to an average of 1,500,190 barrels per day, allowing the country to...

Akeem Adebayo - September 13, 2026

Business

Nigeria’s GDP Jumps 4.43% as Oil Output Hits 4-Year High

Nigeria’s economy recorded a stronger performance in the second quarter of 2026, with Gross Domestic Product (GDP) growing by 4.43 per cent year-on-year, while...

Akeem Adebayo - August 31, 2026

Energy

PENGASSAN, NUPRC Unite to Push Nigeria’s Oil Output to 3m bpd by 2030

ABUJA — The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has pledged to work with the Nigerian Upstream Petroleum Regulatory Commission...

Akeem Adebayo - August 27, 2026

Energy

Nigeria Hits 1.67m bpd, Meets OPEC Quota for Third Straight Month

ABUJA — Nigeria has met and exceeded its OPEC production quota for the third consecutive month, with crude oil and condensate output reaching 1.67...

Akeem Adebayo - August 12, 2026

Energy

NUPRC Records 97.4% DCSO Performance in Q2

ABUJA — The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) recorded a 97.4 percent performance under the Domestic Crude Supply Obligation (DCSO) in the second...

Akeem Adebayo - August 10, 2026

Energy

Tinubu Administration Says Reform Is Turning Potential Into Real Economic Value

LONDON/ABUJA — Nigeria is witnessing a major shift in its energy sector as the administration of President Bola Ahmed Tinubu intensifies reforms aimed at converting...

Akeem Adebayo - June 19, 2026

Energy

NUPRC Sets June 12 Deadline for 2025 Oil Licensing Round Bids

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has fixed Friday, June 12, 2026, as the deadline for the submission of technical and commercial bids...

Akeem Adebayo - June 9, 2026