Nigeria’s Daily Oil Production Decreases To 1.57m Barrels   Nigeria’s crude oil production fell to a record low of 1.57 million barrels per day last month, the Organisation of Petroleum Exporting Countries has said. The producer group said in its monthly oil market report published on Wednesday...

Buhari Meets NNPC Boss Kyari, As Oil Price Rises   President Muhammadu Buhari on Wednesday met behind closed doors with the Group Managing Director of the Nigeria National Petroleum Corporation (NNPC), Mele Kyari, at the Presidential Villa, Abuja. The News Agency of Nigeria (NAN) reports that the...

Decision On $10bn NLNG Train 7 Suffers New Delay   The Federal Government and other shareholders of the Nigeria LNG Limited failed to take a final investment decision on the company’s Train 7 project last week, our correspondent has learnt. It was gathered that the Final Investment...

Nigeria, Others Plan Additional 500,000bpd Oil Production Cut   The Organisation of Petroleum Exporting Countries and its allies are considering a recommendation to cut an additional 500,000 barrels per day of crude production through the first quarter of 2020, with an option to extend it for...

NNPC Confirms Dec For $10bn NLNG Train-7 FID   The Group Managing Director of the Nigerian National Petroleum Corporation, Mele Kyari, on Thursday said the Final Investment Decision on $10bn Nigeria Liquefied Natural Gas Train-7 would be executed in December. He said this in Abuja while receiving...

EITI Seeks Partnership With NNPC   The Extractive Industries Transparency Initiative (EITI) is seeking partnership with the Nigerian National Petroleum Corporation (NNPC), the director of EITI, Mark Robinson, said on Monday in Abuja. “NNPC is well placed as a transparent company to promote EITI’s new standards of...