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Nigeria crude oil production

Worries As Oil Price Crash, Low Production Threaten Nigeria’s 2025 Budget

Business News·News·Oil & Gas·Top Stories

HPCL Taps Nigerian Crude Grades for Rajasthan Refinery as India Diversifies Oil Supply

August 4, 2026

India’s state-owned Hindustan Petroleum Corporation Limited (HPCL) has purchased two million barrels of Nigerian crude oil through a tender for its 180,000-barrel-per-day refinery in Rajasthan, according to trade sources. The cargo comprises

News·Oil & Gas

New Crude Oil Evacuation Routes Will Curb Oil Theft, Boost Production – CEGA

July 27, 2025

The Centre for Energy Governance and Accountability (CEGA) has commended the federal government for approving 37 new crude oil evacuation routes, saying the move will help to significantly reduce oil theft, improve

Business News·Oil & Gas

Naira-for-crude Deal Could Have Negative Impact On Nigeria’s Economy – Depot Owners

March 25, 2025

Executive Secretary of the Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN), Olufemi Adewole, has warned that continuing with the implementation of the naira-for-crude policy could have a negative impact on

Business News·Oil & Gas

Heirs Energies Leadership Forum 2025 Rallies Public, Private Sector Leaders To Drive Nigeria’s Oil Production Growth

February 24, 2025

Leaders from the public and commercial sectors have gathered at the Transcorp Hilton Abuja for an inaugural Petroleum Industry Leadership Dialogue, organised by Heirs Energies, an indigenous integrated energy firm, with the

Israel-Iran Crisis: Crude Oil Prices Will Rise Above $90 Per Barrel If Conflict persists

Finance & Economy

2025 Budget: Nigeria Govt Projects 2.06mbpd Crude Oil Production At $75

December 18, 2024

The Nigerian government has projected crude oil production to be around 2.06 million barrels per day (mbpd) in 2025. The government also set the oil price benchmark at $75 per barrel in

NNPC E&P, NOSL Begin Oil Production In Akwa Ibom OML 13, Target 40,000 bpd By Month End

Business News·News·Oil & Gas

NNPC Hits 1.8mbpd Oil Production, Eyes 2mbpd By Year End

November 14, 2024

The Nigerian National Petroleum Company Limited (NNPCL) says collaboration with its partners has enabled it to increase crude oil and gas production to 1.8million barrels per day (mbpd) and 7.4 standard cubic

NNPCL Crude Sales In Naira Will Boost Economy - Nigerian Govt

Business News·News·Oil & Gas

How NNPCL Crude Sales In Naira Will Boost Economy

August 14, 2024

Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, on Tuesday held a strategic meeting with relevant stakeholders in Abuja to ensure implementation of President Bola Tinubu’s directive for

News·Oil & Gas

NNPCL Exports 950,000 Barrels Cargo Of New Crude Oil Grade To Europe

August 6, 2024

A new crude oil grade called Utapate has been unveiled to the global market by the Nigerian National Petroleum Company Limited (NNPCL). The first cargo of 950,000 barrels of the Utapate crude

Business News·News·Oil & Gas

TotalEnergies Sells Onshore Oil Asset In Nigeria To Chappal Energies For $860m

July 17, 2024

TotalEnergies has signed a Share Purchase Agreement (SPA) with Mauritius-based energy firm, Chappal Energies, to sell its minority interest in a Nigerian onshore oil joint venture for $860 million. The French energy

Business News·News·Oil & Gas

Aiteo Resumes Production After Spill In Nembe Oilfield

June 23, 2024

Aiteo Eastern Exploration and Production Company (AEEPCO) has announced resumption of oil production after days it stopped due to a spill in its Oilfield in Nembe, Bayelsa State. The reopening, followed a

Business News·News·Oil & Gas

NNPC E&P, NOSL Begin Oil Production In Akwa Ibom OML 13, Target 40,000 bpd By Month End

May 13, 2024

NNPC E&P and Natural Oilfield Services Ltd, a subsidiary of Sterling Oil Exploration & Energy Production Company Ltd. (SEEPCO), have begun oil production at Oil Mining Lease (OML) 13 in Akwa Ibom

New NCDMB Boss Visits NUPRC, NIACOM, Outlines Collaboration Opportunities

Business News·News

NUPRC Calls For Action To Boost Nigeria’s Oil Sector Amid Global Competition

January 11, 2024

NURPC Chief Executive, Gbenga Komolafe, expressed deep concern over Nigeria's dwindling crude oil production

Business News·News·Oil & Gas

NNPCL Records Over N2trn Profit Amid Battle Against Oil Theft

January 10, 2024

Nigerian National Petroleum Company Limited (NNPCL) announced its historic profit of N2.548tn in 2022, marking its peak since establishment.

NNPC: Petrol Import To Stop As Port Harcourt Refinery Begins Operations Soon

Business News·Oil & Gas

2024 Budget: 1.78mpd Oil Production Can Be Achieved – NNPCL Boss

December 14, 2023

Despite the drop in the crude oil production as indicated in the latest November 2023 report, Group Chief Executive Officer of the Nigerian National Petroleum Company (NNPC) Limited, Mele Kyari, has asserted

Business News·Oil & Gas

Nigeria Optimistic On Achieving 1.7mpd Crude Despite November Output Drop

December 13, 2023

The Nigerian government has expressed optimism that the country will reach and exceed the benchmark for the 2024 crude oil budget of 1.7 million barrels per barrel despite a slight decrease in

News

Nigeria Tops African Oil Production In October 2023 Despite Biting Inflation

November 14, 2023

Nigeria emerged as Africa's leading crude oil producer in October 2023, boasting a daily output of 1.35 million barrels, the Organization of Petroleum Exporting Countries (OPEC), report revealed.

Business News·Oil & Gas

Wabote Canvases Increased Crude Oil, Gas Production To Avert Importation For Refineries

November 13, 2023

The Executive Secretary Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Kesiye Wabote, has warned that Nigeria might resort to importing crude oil for its upcoming and existing refineries if concerted

Nigeria's September Oil Production Hits 1.5 Million Barrels, Bolsters OPEC Output

Business News·Oil & Gas

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Nigeria crude oil production

HPCL Taps Nigerian Crude Grades for Rajasthan Refinery as India Diversifies Oil Supply

New Crude Oil Evacuation Routes Will Curb Oil Theft, Boost Production – CEGA

Naira-for-crude Deal Could Have Negative Impact On Nigeria’s Economy – Depot Owners

Heirs Energies Leadership Forum 2025 Rallies Public, Private Sector Leaders To Drive Nigeria’s Oil Production Growth

2025 Budget: Nigeria Govt Projects 2.06mbpd Crude Oil Production At $75

NNPC Hits 1.8mbpd Oil Production, Eyes 2mbpd By Year End

How NNPCL Crude Sales In Naira Will Boost Economy

NNPCL Exports 950,000 Barrels Cargo Of New Crude Oil Grade To Europe

TotalEnergies Sells Onshore Oil Asset In Nigeria To Chappal Energies For $860m

Aiteo Resumes Production After Spill In Nembe Oilfield

NNPC E&P, NOSL Begin Oil Production In Akwa Ibom OML 13, Target 40,000 bpd By Month End

NUPRC Calls For Action To Boost Nigeria’s Oil Sector Amid Global Competition

NNPCL Records Over N2trn Profit Amid Battle Against Oil Theft

2024 Budget: 1.78mpd Oil Production Can Be Achieved – NNPCL Boss

Nigeria Optimistic On Achieving 1.7mpd Crude Despite November Output Drop

Nigeria Tops African Oil Production In October 2023 Despite Biting Inflation

Wabote Canvases Increased Crude Oil, Gas Production To Avert Importation For Refineries

OPEC Ranks Nigeria Ahead Angola, Algeria, As Crude Output Rises To 1.29mbpd

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