Nigeria’s Oil Production Falls To 1.37m Barrels
Daily crude oil production in Nigeria dropped by 38,000 barrels in July to 1.37 million barrels, a new report by the Organisation of Petroleum Exporting Countries showed on Wednesday.
The oil cartel, in its Monthly Oil Report for August,...
Nigeria’s Oil Projects Threatened As IOCs Suffer $27.8bn Loss
Several major oil and gas projects in Nigeria may suffer further delays as international oil companies operating in the country saw their financials take a dive in the second quarter of this year.
The slump in oil...
NNPC Raises August Selling Prices Of Crude Oil
The Nigerian National Petroleum Corporation has increased the prices at which two of the country’s major crude oil grades would be sold in August.
Most of the country’s September loading programmes emerged on Monday, but traders were still...
Lagos Oilfield Suffers 26% Output Drop
Crude oil production from Aje field, offshore Lagos, fell to 890,203 barrels last year from 1.2 million barrels in 2018, one of the joint venture partners has said.
The field produced 912,870 barrels in 2017, down from 988,806 barrels in...
Crude Oil Cost: NNPC Sets Q4 2021 Target For $10/barrel
The Nigerian National Petroleum Corporation (NNPC), yesterday, disclosed that it plans to achieve a $10 per barrel cost of crude oil production by the fourth quarter of 2021.
In a statement in Abuja, Chief Operating Officer,...
NNPC Increases June Selling Prices Of Crude Oil
The Nigerian National Petroleum Corporation has increased prices at which the country’s crude oil grades will be sold next month.
The country’s July crude oil loading programmes showed higher output on key grades on Tuesday after the country...
