Oil & Gas
-
Oil Prices Fall on Mounting speculation over Fed Policy
Oil prices fell at the end of the week due to concerns that the Federal Reserve would further tighten monetary…
Read More » -
NNPC to start oil drilling in Nasarawa by March 21, 2023
NNPC Limited just announced that it would start drilling for crude oil in Nasarawa State starting from March 21, 2023.…
Read More » -
Nigeria’s Oil Output Rebound Remain in Doubt 
Nigeria’s ability to reach its estimated 2023 budgeted oil output of 1.69 million barrels per day (mb/d) and its 1.8mb/d…
Read More » -
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…
Read More » -
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…
Read More » -
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…
Read More » -
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…
Read More » -
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…
Read More » -
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…
Read More » -
Nigeria’s Crude Oil Production Drops Further to 0.938mbpd in September 2022
The Nigerian 2022 fiscal budget has continued to suffer setbacks from crude oil production shortfalls as production contracted further to…
Read More »