Tag:Crude Oil Production

Business

NUPRC Gives Oil Block Owners October 31 Deadline, Threatens Licence Revocation

  The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has warned oil and gas block holders to commence development activities on their assets by October 31,...
Akeem Adebayo -
news

Reps Back Tinubu, NNPCL, PINL Over Pipeline Security

  The House of Representatives has passed a vote of confidence in President Bola Tinubu, the Nigerian National Petroleum Company Limited (NNPCL), Pipeline Infrastructure Nigeria...
Ola Adebayo -
news

Reps Clear PINL, Okunbor of Pipeline Security Allegations

  The House of Representatives Committee on Host Communities has dismissed a petition accusing Pipeline Infrastructure Nigeria Limited (PINL) and its Managing Director, Dr Osahon...
Saladin Babagana -
Energy

NNPC Rakes in ₦7.2trn Profit, Declares ₦5.8trn Dividend

  The Nigerian National Petroleum Company Limited (NNPC Ltd) has posted a record ₦7.2 trillion profit after tax (PAT) for the 2025 financial year, representing...
Akeem Adebayo -
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 -
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 -
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 -
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 -
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Foreign

FG Warns Nigerians Over Addis Ababa Transit After 16 Deaths

The Federal Government has urged Nigerians, particularly those with pre-existing medical conditions, to exercise caution when travelling through Addis...
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Foreign

Ikpeazu Hails Immigration Service Over Mobile Passport Unit for Nigerians in Spain

Nigeria’s Ambassador to Spain, Dr Okezie Victor Ikpeazu, has commended the Comptroller-General of the Nigeria Immigration Service (NIS), KN...
Energy

NUPRC Screens 28 Wells in Rivers Gas Seepage Probe, Flags Three High-Risk

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has screened 28 oil and gas wells around reported gas seepage sites...

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Foreign

FG Warns Nigerians Over Addis Ababa Transit After 16 Deaths

The Federal Government has urged Nigerians, particularly those with...
Foreign

Ikpeazu Hails Immigration Service Over Mobile Passport Unit for Nigerians in Spain

Nigeria’s Ambassador to Spain, Dr Okezie Victor Ikpeazu, has...

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