Nigeria Loses N1.76tn as Crude Output Falls Short of OPEC Quota
Nigeria’s oil sector lost an estimated N1.76tn in potential crude oil revenue after failing to meet its production quota set ...
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Tag: #NigeriaOil
FG Inaugurates Nigeria’s First Crude Oil Flow Meter Calibration Facility in Eket
The Federal Government has intensified efforts to strengthen accountability in the crude oil sector with the inauguration of Nigeria’s first ...
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Nigeria Misses OPEC Crude Oil Quota for Sixth Consecutive Month
Nigeria has failed to meet its 1.5 million barrels per day crude oil production quota approved by the Organization of ...
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Nigeria Must Rethink Oil Financing to Meet Production Targets — Oando Executive
Nigeria’s oil industry must fundamentally rethink how it finances production growth if the country is to achieve its ambitious output ...
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Nigeria to Lose 225,000 BPD as Shell Shuts Bonga FPSO for Maintenance
Shell Nigeria Exploration and Production Company Limited (SNEPCo) has announced a temporary shutdown of its Bonga Floating Production Storage and ...
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FG Warns Oil Investors: No Refunds or Asset Swaps in 2025 Licensing Round
The Federal Government has warned prospective investors in the 2025 oil licensing round that it will not refund signature bonuses ...
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TotalEnergies Sells 40% Stake in Nigerian Offshore Licenses to Chevron
TotalEnergies has announced the sale of a 40% stake in two offshore exploration licenses in Nigeria to Chevron, in a ...
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OPEC+ Maintains Nigeria’s 1.5m bpd Oil Production Quota Until 2026
Nigeria’s crude oil production quota has been maintained at 1.5 million barrels per day (bpd) by the Organisation of the ...
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Nigeria Records 93.7 Million-Barrel Oil Production Shortfall in Eight Months
Nigeria has recorded a crude oil production shortfall of about 93.74 million barrels in the first eight months of 2025, ...
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NUPRC: Nigeria’s 2024 Oil Licensing Round to Deliver 1.5bn Barrels Output in 10 Years
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has revealed that the 2024 oil licensing round could deliver up to 1.5 ...
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