Tag:Nigeria oil production

Energy

Nigeria Meets OPEC Oil Quota for Fifth Straight Month as Output Rises in September

Nigeria met its Organisation of the Petroleum Exporting Countries (OPEC) crude oil production quota for the fifth consecutive month in September 2026, producing an...
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 -
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 -
Politics

Elumelu: Oil Theft Losses Fell From 97% to 2% Since 2023

LAGOS — Billionaire businessman and investor Tony Elumelu says oil production losses to theft on assets linked to his operations have fallen sharply, from...
Akeem Adebayo -
Energy

Tinubu’s Offshore Order Could Add 1m bpd, Unlock $50bn Investment

ABUJA — President Bola Ahmed Tinubu’s Deep Offshore Oil and Gas Project Incentives (Tax Remission) Executive Order 2026 could unlock about $50 billion in...
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 -
Energy

Nigeria Exceeds OPEC Quota, Hits 74-Month Oil Output High

ABUJA — Nigeria’s crude oil production has exceeded its Organisation of the Petroleum Exporting Countries (OPEC) quota, reaching 104 per cent compliance as output...
Akeem Adebayo -
Energy

Pipeline Security, Community Action Drive Nigeria Past OPEC Output Target

PORT HARCOURT — Coordinated pipeline security measures, community engagement and infrastructure stability pushed Nigeria’s crude oil production above its OPEC quota in May, according...
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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