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Nigeria oil production

Nigeria’s Oil Rig Count Rises By 38 To 46 In Two Years – NUPRC Boss

Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Engr Gbenga Komolafe, has stated that Nigeria’s oil rigs have risen to 46 from eight in the last two years. This increase indicates a thriving petroleum industry. Speaking on Wednesday at a

July 9, 2025

Business·Oil & Gas

NUPRC Extends Deadline For Oil Block Licencing Round

Nigerian Upstream Regulatory Commission (NUPRC), has extended the application deadline for the 2024 oil block licensing round.

June 21, 2024

Business·Oil & Gas

Expert Calls For Maximum Utilisation Of All Oil Wells As Production Declines Further

Wumi Iledare, has called on authorities in Nigeria's oil and gas sector to come up with drastic measures to ramp up crude oil production which is the major revenue earner for the country.

April 15, 2024

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 Petroleum Regulatory Commission (NUPRC). READ ALSO: Major Events That Shaped Nigeria’s

February 14, 2024

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

Business·Oil & Gas

OPEC: Nigeria’s Crude Oil Production Soars To 1.4mbpd

Nigeria's crude oil production witnessed a rise to 1.418 mbpd in December 2023, marking an increase from November's 1.319 mbpd, as reported by the Organisation of the Petroleum Exporting Countries (OPEC).

January 18, 2024

Kaduna Refinery: The Role Of Local Refining In Nigeria's Fuel Economy

Business·Oil & Gas

Dangote Refinery Ready To Begin Production As Crude Supply Hits 6m Barrels

Dangote Petroleum Refinery has marked a milestone as it announced the reception of its final shipment, totaling six million barrels of crude oil, essential for commencing its operations.

January 9, 2024

Business·Oil & Gas

Nigeria Mitigates OPEC Shortfall, Amidst UAE, Angola Oil Cuts

Last month, Nigeria emerged as a beacon of stability in the tumultuous world of oil production. As the UAE and Angola curtailed their outputs, Nigeria surged forward

January 8, 2024

5 Reasons Nigeria's Crude Oil Production is Declining – And What Next

Business·FEATURES·Oil & Gas

Nigeria’s Oil Production Prospects: Meeting OPEC Quota, Economic Growth

In the realm of global oil production, Nigeria stands at a critical juncture, striving to align its output with OPEC quotas while charting a course toward robust economic growth. According to data released by the Nigeria Upstream Petroleum Regulatory Commission (NUPRC), the

November 16, 2023

IPMAN Asks FG To Partner With Illegal Refinery Operators In Creeks

Business·Oil & Gas

Nigeria Loses N877 billion, As It Struggles To Meet Crude Oil Production Target

The Executive Commissioner, Corporate Services and Administration of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Jide Adeola, said that Nigeria doesn’t meet its daily production target. According to Adeola, the country has a 1.8 million barrels production target, however, it produces 1.23 million

September 22, 2022

Business·Oil & Gas

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Nigeria oil production

Nigeria’s Oil Rig Count Rises By 38 To 46 In Two Years – NUPRC Boss

NUPRC Extends Deadline For Oil Block Licencing Round

Expert Calls For Maximum Utilisation Of All Oil Wells As Production Declines Further

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

OPEC: Nigeria’s Crude Oil Production Soars To 1.4mbpd

Dangote Refinery Ready To Begin Production As Crude Supply Hits 6m Barrels

Nigeria Mitigates OPEC Shortfall, Amidst UAE, Angola Oil Cuts

Nigeria’s Oil Production Prospects: Meeting OPEC Quota, Economic Growth

Nigeria Loses N877 billion, As It Struggles To Meet Crude Oil Production Target

Nigeria Loses Largest African Oil Producer Status To Angola, As OPEC Reveals Country’s Problem

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