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OPEC - Page 3

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

Nigeria Faces N289.6bn Oil Revenue Dip In November; Minister Stresses Production Goals, OPEC Commitment

In a disclosure by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Nigeria experienced a significant setback in crude oil production, leading to a loss of about N289.6 billion in revenue for November 2023. This loss followed a decline in oil output compared to

December 25, 2023

Nigeria Reaffirms OPEC Commitment Amid Angola's Exit, Aims To Exceed Production Targets

Africa·Business·News·Oil & Gas

Nigeria Reaffirms Commitment To OPEC, Aims To Exceed Production Targets Amid Angola’s Exit

Following Angola’s withdrawal from the Organisation of Petroleum Exporting Countries (OPEC), Nigeria has reiterated its allegiance to OPEC while vowing to surpass production targets set by the organisation in 2024. Addressing concerns about membership in OPEC, the country’s Minister of State for

December 23, 2023

Amid Struggles To Meet OPEC Oil Production Quota, Nigeria Ranks 22nd In Global Petrol Price Index

Business·News

Africa’s Second-biggest Crude Producer, Angola, Leaves OPEC After 16 Years

Africa’s second-biggest producer of crude oil, Angola, has announced its decision to quit the Organisation of Petroleum Exporting Countries (OPEC).

December 21, 2023

Nigeria’s Oil Production Declines By 33,000 Barrels As OPEC Reports Setback In September

Business·News·Oil & Gas·World News

COP28: OPEC Urges Members To Reject Fossil Fuel Phase-Out, Stresses Emission Cuts

OPEC’s Secretary General, Haitham Al-Ghais, called upon member nations to prioritize emission reductions over targeting fossil fuels, citing the necessity for a fair transition. Al-Ghais expressed concerns about politically motivated campaigns endangering global prosperity and urged proactive rejection of any discourse exclusively

December 10, 2023

Brent Crude Surges To $83 As African Producers Face Quota Tensions

Africa·Business·News·Oil & Gas·World News

Brent Crude Oil Surges To $83 As African Producers Face Quota Tensions

Amidst escalating tensions within the Organization of Petroleum Exporting Countries (OPEC), Brent crude surged to $83.60 per barrel, setting the stage for OPEC’s meeting today. The meeting, which was delayed due to discord among oil-producing nations in Africa demanding higher production baselines, remains

November 30, 2023

Chappal Energies Acquires Equinor's Nigerian Assets; OPEC Disagreement Over Country's Oil Output Target

Business·News·Oil & Gas

Chappal Energies Acquires Equinor’s Nigerian Assets Amid OPEC Disagreement on Oil Output

In a development within the oil and gas sector, Chappal Energies, a Nigerian-owned energy company, has sealed a deal to acquire Equinor’s Nigerian business, including a stake in the Agbami oil field. Equinor, a Norwegian energy group, confirmed the transaction in an

November 30, 2023

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

Business·Oil & Gas

OPEC Canvasses $14trn Investment To Meet Soaring Global Oil Demand

OPEC Secretary General, Haitham Al Ghais, has made an urgent call for a $14 trillion investment between 2023 and 2045 in a plea to address the escalating global thirst for oil and energy demands.

October 24, 2023

Business·News·Oil & Gas

OPEC Envisions Medium-Term Emergence Of Modular Refineries In Nigeria

OPEC) has announced that Nigeria is on the verge of a transformation in its energy sector with the establishment of medium-term modular refineries with a daily production capacity of 20,000 barrels each.

October 17, 2023

Nigeria’s Crude Oil Production Surges To 1.3mbpd

Business·Oil & Gas

OPEC Projects $14tn Investment Required To Satisfy Surging Oil Demand

The Organisation of Petroleum Exporting Countries (OPEC) has unveiled its 2023 World Oil Outlook with a projection of soaring oil demand and an urgent call for a $14 trillion investment. This perspective sets them apart from other forecasters, particularly the International Energy

October 10, 2023

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OPEC - Page 3

Nigeria Faces N289.6bn Oil Revenue Dip In November; Minister Stresses Production Goals, OPEC Commitment

Nigeria Reaffirms Commitment To OPEC, Aims To Exceed Production Targets Amid Angola’s Exit

Africa’s Second-biggest Crude Producer, Angola, Leaves OPEC After 16 Years

COP28: OPEC Urges Members To Reject Fossil Fuel Phase-Out, Stresses Emission Cuts

Brent Crude Oil Surges To $83 As African Producers Face Quota Tensions

Chappal Energies Acquires Equinor’s Nigerian Assets Amid OPEC Disagreement on Oil Output

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

OPEC Canvasses $14trn Investment To Meet Soaring Global Oil Demand

OPEC Envisions Medium-Term Emergence Of Modular Refineries In Nigeria

OPEC Projects $14tn Investment Required To Satisfy Surging Oil Demand

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