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Oil and Gas

NUPRC reports 4.2% rise in March oil output

The Nigerian Upstream Petroleum Regulatory Commission on Wednesday said that Nigeria’s oil production rose by 4.2 per cent to 1.546 million barrels per day in March 2026, compared to 1.483 mbpd recorded in February. In its oil production status report released yesterday, the Commission said crude oil production (excluding condensate) increased by 5.2 per cent […]

Oil and Gas

NNPCL reports ₦2.68tn revenue despite oil production drop

The Nigerian National Petroleum Company Limited has announced a revenue collection of N2.68 trillion from its economic activities in February 2026, even as crude oil production declined to 1.51 million barrels per day amid pipeline outages and operational setbacks. According to The PUNCH, the company reported a 4.2 per cent increase in revenue for its […]

featured Oil and Gas

OPEC+ to boost oil output by 206,000 bpd in April

OPEC+ decided on Sunday to increase oil production by 206,000 barrels per day starting in April. The decision came from the Organisation of the Petroleum Exporting Countries and its allies, collectively known as OPEC+. The announcement followed a virtual meeting of member countries, including Saudi Arabia, Russia, Iraq, the United Arab Emirates, Kuwait, Kazakhstan, Algeria, […]

Oil and Gas

IPPG reports 5.8% rise in 2025 oil output

Nigeria’s average crude oil production in 2025 increased to 1.64 million barrels per day, representing a 5.8 per cent year-on-year rise from 1.55mbpd in the corresponding period of 2024, according to the Independent Petroleum Producers Group. Chairman of IPPG, Mr. Adegbite Falade, disclosed this at the just-concluded Nigeria International Energy Summit 2026 in Abuja. He […]

Oil and Gas

Nigeria faces 225,000 bpd cut as Shell shuts Bonga FPSO

Nigeria faces a 225,000 barrels per day crude oil output cut as Shell Nigeria Exploration and Production Company Limited shuts down its Bonga Floating Production Storage and Offloading vessel for scheduled turnaround maintenance. The deepwater facility lies 120 kilometres offshore in water depths exceeding 1,000 metres. It normally produces up to 225,000 barrels per day […]

Oil and Gas

NNPCL targets 2mbpd crude oil in 2026

The Nigerian National Petroleum Company Limited has officially set its crude oil production target for the year 2026 at more than two million barrels per day. This announcement was made by Engr. Akponime Omojevwhe, Head of Field Operations, Eastern Corridor, Project Monitoring Office of NNPCL, during the monthly stakeholders’ meeting held with host communities of […]

Crude oil
featured Oil and Gas

Nigeria’s oil output drops to 1.486mbpd, below OPEC quota

The Organisation of Petroleum Exporting Countries has reported that Nigeria’s oil production, excluding condensate, experienced a 0.7 per cent drop, falling to 1.486 million barrels per day in November 2025 from the 1.496 million bpd produced in October 2025. OPEC does not count condensate in its figures, a resource of which Nigeria produces approximately 196,028 […]

Oil and Gas

Nigeria’s oil output to hit 1.73mbpd in 2026 — Report

BMI, a Fitch Solutions company, has projected that Nigeria’s oil production is expected to record a modest uptick in 2026, to be buoyed by a combination of infrastructure improvements and incremental field output. According to BusinessDay, this projection by BMI was titled “Rebound in domestic demand will drive Nigerian economy in 2026.” The firm forecasts […]

News

Halt Delta oil drilling over land dispute, Edo begs Tinubu

The government of Edo State has called on President Bola Tinubu to halt any further crude oil drilling activities in the disputed oil wells located between Edo and Delta states until the ownership matter is officially resolved. Edo State Deputy Governor, Hon. Dennis Idahosa, made this crucial appeal during a meeting held over the weekend […]

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