Oil & Gas

Amos Adetunji

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New Oil Discovery in Nassarawa

The Group CEO of NNPC Ltd, Mele Kyari, announced it is set to spud -in the first oil well in…

Photo of Nigeria’s Crude Oil Production Climbs as Debt Stock Rises and NLNG Gas Supply Buckles

Amos Adetunji

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Nigeria’s Crude Oil Production Climbs as Debt Stock Rises and NLNG Gas Supply Buckles

Nigeria Records a Seven-Month High in Crude Oil Production In line with analysts’ prognosis, the latest oil production data released…

Photo of Nigeria’s Oil Production of 1.6mb/d Dependent on Curbing of Oil Theft

Amos Adetunji

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Nigeria’s Oil Production of 1.6mb/d Dependent on Curbing of Oil Theft

The Chief Upstream Investment Officer, NNPC Upstream Investment Management Services (NUIMS), Bala Wunti, has disclosed that Nigeria’s crude oil production…

Photo of Gulf Countries Should Maintain Reform Momentum, Despite Oil Boom

Amos Adetunji

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Gulf Countries Should Maintain Reform Momentum, Despite Oil Boom

GDP growth for Gulf Cooperation Council (GCC) countries—Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the UAE—is expected to more than…

Photo of Excess Crude Account (ECA) Rises to $476,513

Amos Adetunji

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Excess Crude Account (ECA) Rises to $476,513

Nigeria’s Excess Crude Account (ECA) balance rose to $472,513.64 as of November 2022. While Distributable VAT seems to be supporting…

Photo of Buhari Kick-starts Oil Drilling in North as $3bn Kolmani River Oil Wells Take Off

Amos Adetunji

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Buhari Kick-starts Oil Drilling in North as $3bn Kolmani River Oil Wells Take Off

Prominent Nigerians, including President Muhammadu Buhari, a retinue of governors from the northern region, ministers, the presidential candidate of the…