Oil & Gas

Forex crisis: NNPCL secures $3bn loan to stabilise naira

The Nigerian National Petroleum Corporation Limited has secured a $3 billion crude repayment loan to support the naira and stabilise…

Read More »

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…

Read More »

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…

Read More »

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…

Read More »

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…

Read More »

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…

Read More »

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…

Read More »

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…

Read More »

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.…

Read More »

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…

Read More »