Crude Oil Production By NPDC Increases By 57,000bpd   Crude oil production by the Nigerian Petroleum Development Company (NPDC), the flagship subsidiary of the Nigerian National Petroleum Corporation, has increased by 57,000 barrels per day. The NNPC, in its January 2019 news edition obtained in Abuja on...

Nigerian National Petroleum Corporation (NNPC) and Chevron Nigeria Limited (CNL) have executed the second and final phase of an Alternative Financing Agreement that would increase crude oil production in the country by about 39,000 barrels per day. The agreement, which was signed in London, is...

Crude oil production in Nigeria has increased by 274,000 barrels per day last month, the biggest increase among its peers in the Organisation of Petroleum Exporting Countries. But the increase was not enough to help the country regain the status of Africa’s top oil producer...

The Nigerian National Petroleum Corporation lost N19.43bn in the month of April, as the country’s crude oil production dropped from 59.27 million barrels recorded in February to 57.43 million barrels in March. In its latest financial and operations report released on Wednesday, the NNPC also...