Presidency eyes NNPC asset shake-up to boost oil output
The Presidency is currently making plans to restructure asset ownership within the Nigerian National Petroleum Company Limited due to mounting concerns regarding…
crude oil production
Nigeria’s oil production rises to 1.8m barrels daily
Nigeria’s Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, said that Nigeria’s oil production rose to 1.8 million barrels per…
Nigeria’s crude oil output drops to six-month low
Global oil prices have rebounded sharply, with Brent crude climbing back above $70 per barrel due to geopolitical tensions and supply uncertainties…
Nigeria’s crude oil output drops to 1.47m barrels per day
Nigeria’s crude oil production has once again fallen below its OPEC quota. According to the Nigerian Upstream Petroleum Regulatory Commission, output dropped…
Matrix Energy seeks court order against media houses over libel claims
An indigenous oil company, Matrix Energy Limited has filed a suit in the Federal Capital Territory High Court, seeking an injunction against…
FG threatens to revoke oil block licenses over inactivity
The Federal Government has issued a stern warning to companies and individuals holding oil block licenses who have failed to secure investment…
Nigeria loses N636bn in oil revenue as production declines
Nigeria’s monthly oil outputs have been consistently low since January 2024, resulting in a revenue loss of almost N636.3 billion. According to…
FG eyes $20bn deal to boost oil, gas production
The Federal Government has announced an ambitious plan to secure a groundbreaking $20 billion investment deal aimed at revitalizing Nigeria’s oil and…
Military task force discovers 50 illegal oil mining sites
The Joint Military Task Force, Operation Delta Safe, has uncovered a revelation in the fight against illegal oil activities, as they revealed…
Nigeria oil margin hits $37 in London trade
Nigerian oil margins per barrel increased slightly in London trade on Monday, continuing the upward path that began last week when prices…
Port Harcourt refinery resumes operation in April – NNPCL
The Group Managing Director of the Nigerian National Petroleum Company Limited, Mele Kyari, has said the Port Harcourt refinery will commence operations…