Oil & Gas - Page 37

Nigeria Needs Improved Security, Investment To Achieve Over 2 mbpd Crude Oil Production – Report

How Nigeria’s Crude Oil Production Slips To 1.419mbpd – OPEC

Nigeria experienced a slight dip in its crude oil production, falling to 1.42 million barrels per day (mbpd), as reported by the Organisation of Petroleum Exporting Countries (OPEC) for January 2024.

Emmanuel Ochayi

1 year ago

NNPC: Oil Production To Increase To 1.7mbpd Amid Infrastructure Challenges

Business·Oil & Gas

Nigeria’s Oil Output Surges To 1.4 million Bpd, Fueling Economic Optimism

Amidst a global surge in crude oil prices, Nigeria’s oil production witnessed an upswing, reaching 1,426,574 barrels per day in January 2024. This is shown in data obtained from the Nigerian Upstream

Victor Ezeja

1 year ago

Business·Latest News·Oil & Gas

Nigeria’s Power Minister Advocates Naira Payments For Gas

In a bid to address the persistent challenges plaguing Nigeria’s power sector, Minister of Power, Adebayo Adelabu, has unveiled a proposal to mandate domestic gas payments in naira. This initiative aims to

Emmanuel Ochayi

1 year ago

Oil & Gas

Shell Nigeria Seeks NCDMB’s Support For Its Oil, Gas Projects

The leadership of Shell Companies in Nigeria on Wednesday sought the support of the Nigerian Content Development and Monitoring Board (NCDMB) to achieve accelerated development of three major oil and gas projects

Admin

1 year ago

NNPCL, TotalEnergies Celebrate As Production Begins On Akpo West Oil Field

NNPCL and TotalEnergies have announced the successful commencement of oil production from the Akpo West Field located 135 kilometres off the coast on Petroleum Mining Licence (PML) 2.

Victor Ezeja

1 year ago

#Nigeria@64: Naira-for-Crude Deal Kicks Off TuesdayAs Nigeria Set To Save Over $7bn

Business·Oil & Gas

How Delay Of Govt Approval Hinders Dangote Refinery Fuel Release

The much-anticipated release of aviation fuel (Jet A1) and diesel from the Dangote Petrochemical Refinery into the Nigerian market has hit a regulatory snag, delaying the commencement of sales.

Emmanuel Ochayi

1 year ago

Saudi Arabia Issues Warning Of $50 Oil Price If OPEC+ Nations Fail To Comply

Business·Oil & Gas

Why Global Oil Market Needs $14trn Investment – OPEC

In a paradigm-shifting address at India Energy Week, OPEC’s Secretary General Haitham al-Ghais illuminated the pressing need for $14 trillion investment in the global oil market over the next two decades. His

Victor Ezeja

1 year ago

Vessels Discharge Hitches Causing Fuel Scarcity – NNPC

Business·Latest News·Oil & Gas

Fuel Scarcity: NNPCL Explains Lagos Fuel Queues As “Brief Distribution Issue”

Long queues at filling stations in Lagos State have sparked concerns among residents, leading to speculation about a potential fuel scarcity. However, the Nigerian National Petroleum Company Limited (NNPCL) has moved to

Emmanuel Ochayi

1 year ago

Oil & Gas·World News

U.S. Shale Oil Boom Faces Uncertain Future As Global Dynamics Shift

In the aftermath of the Red Sea crisis and Saudi Arabia halting oil production expansion, questions arise about the sustainability of the U.S. shale oil boom. Last year’s unexpected production surge, fueled

Emmanuel Ochayi

1 year ago

NNPCL Unveils 36 Oil Block Concessions With Global, Local Partners

The Nigerian National Petroleum Company Limited (NNPCL) has disclosed the concession of 36 oil blocks to international and indigenous oil companies. According to the NNPCL’s latest financial statements, these concessions span deepwater,

Emmanuel Ochayi

1 year ago

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Oil & Gas - Page 37

How Nigeria’s Crude Oil Production Slips To 1.419mbpd – OPEC

Nigeria’s Oil Output Surges To 1.4 million Bpd, Fueling Economic Optimism

Nigeria’s Power Minister Advocates Naira Payments For Gas

Shell Nigeria Seeks NCDMB’s Support For Its Oil, Gas Projects

NNPCL, TotalEnergies Celebrate As Production Begins On Akpo West Oil Field

How Delay Of Govt Approval Hinders Dangote Refinery Fuel Release

Why Global Oil Market Needs $14trn Investment – OPEC

Fuel Scarcity: NNPCL Explains Lagos Fuel Queues As “Brief Distribution Issue”

U.S. Shale Oil Boom Faces Uncertain Future As Global Dynamics Shift

NNPCL Unveils 36 Oil Block Concessions With Global, Local Partners

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