Oil & Gas
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Crude Oil Production Caves Despite FGN’s Oil Theft Interventions
Reversing the gains recorded in June, Nigeria’s total oil production dropped by 12.56% month-on-month (M-o-M) from 1.48 million barrels per…
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Nigeria’s oil production declines 13.6% to 1.08mbpd
Nigeria’s oil production in the month of July 2023 fell by 13.6 percent to an average of 1.08 million barrels…
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Local content: Nigeria lost $380b to capital flight in oil & gas for 50 years — NCDMB
Dearth of skills in the nation’s oil and gas sector led to over $380billion loss in revenue for over a…
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Threats to Nigeria’s Dwindling Oil Revenue Worsens
Nigeria’s crude oil production has been insufficient to generate the required oil export revenues over the last few months of…
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Reps direct NNPC Limited to suspend OVH acquisition, probe deal
The House of Representatives has asked the Nigerian National Petroleum Company Limited (NNPCL) to suspend the acquisition of OVH Energy…
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Oil revenue dips amid fresh N’Delta agitation
Despite huge investments in the oil sector, the country’s crude oil revenue has continued on a downward trajectory. This is…
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Oil Prices Break Resistance Levels on Renewed Supply Constraints
Despite a mild decline on Friday, oil prices were on track to record their third consecutive week of gains, indicating the first upward…
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Stakeholders Call for a Holistic Approach to Resolving Nigeria’s Low Oil Output and Investment
Nigeria’s oil and gas output has been stalled by matters such as insecurity and a lack of new industry investments.…
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Oil Prices Head for A Second Week of Losses Amid Growing Demand Concerns
Oil prices appeared poised for their second consecutive weekly decline as concerns about demand and skepticism regarding a potential nuclear…
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Nigeria loses N150bn to gas flaring in 4 months
Oil and gas companies operating in Nigeria flared 92.3 million standard cubic feet, mscf, of gas, worth an estimated N150…
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