OPEC Places Nigeria's Crude Oil Production at 1.3mbpd Nigeria’s average daily crude oil production increased marginally to 1.307 million barrels per day in July, the Organisation of the Petroleum Exporting Countries said on Monday. OPEC’s figure is contrary to claims by President Bola Tinubu and the...

Crude Oil: Nigeria’s Average Daily Production Stands at 1.6mb – NUPRC The chief executive officer (CEO) of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Gbenga Komolafe, says the country’s average daily production stood at 1.6 million barrels per day (mbpd) as of July 23. Komolafe spoke...

FG Meets Stakeholders to Resolve Dangote Refinery Impasse   The honourable minister of state petroleum, Senator Heineken Lokpobiri, in a decisive move to address the ongoing challenges plaguing the Dangote Refinery, has convened a high-level meeting with key industry stakeholders. The crucial gathering took place with the...

FG Withdraws Five Oil Blocks From 2024 Bid Round Over Legal Disputes As investors begin registration for the 2024 Licensing Round, the Nigerian Upstream Petroleum Regulatory Commission has removed five oil blocks from the ongoing licensing round due legal disputes. The five oil blocks, PPL3008, PPL3009,...

NUPRC Begins Bidding Round for 12 Oil Blocks The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced the commencement of the bidding process for 12 oil blocks recently listed for sale. It also signals the start of the 2024 Nigeria Petroleum Licensing Round and the resumption...

1,068 Approved Oil Projects To Attract $22.8bn Investments – FG   About 1,068 oil and gas projects approved between 2022 and 2023 that are currently ongoing across the country are to attract a total of $22.8bn, the Federal Government announced on Wednesday. It disclosed this during a...