How Nigeria Lost N249bn In July Due To Oil Output Shortage   Nigeria lost about N249bn crude oil revenue in July following a plunge in the country’s oil output by over four million barrels in the same month, latest oil production data seen on Sunday showed Data...

Zero Emission: Nigeria Lost N373bn to Gas Flaring in H1’23 Despite the commitment of the Federal Government to achieve zero flaring by 2060, gas flaring has increased 10 percent in the first half (January – June) of 2023 to 138.7 million metric standard cubic feet,...

Oil Theft: Nigeria’s Oil Output Falls 5.5% to 1.249 mb/d in Q1, 2023 - OPEC Nigeria's oil production fell 5.5% month-on-month from 1.184 million barrels per day in May to 1.249 million barrels per day in June 2023. Also, on year-on-year, YoY, the nation’s oil output...

Oil Earnings Hit N1.68tn in Q1, 2023 Nigeria’s crude oil earnings rose to over N1.68tn in June 2023 following an increase in the country’s output last month, an analysis of latest oil production figures released by the Federal Government showed. Data obtained on Thursday from the...

Nigeria Accounts for 33% of Africa’s gas Reserves, Says FG The Federal Government says Nigeria currently accounts for 33 per cent of the total gas reserves in Africa. While disclosing this through the Nigerian Upstream Petroleum Regulatory Commission on Monday, it added that the gas reserves...

NUPRC Vows Support For Indigenous Oil, Gas Coys With Right Policies The Nigerian Upstream Petroleum Regulatory Commission (NUPRC), has reinstated its support indigenous oil and companies with the right policies and regulations to grow. NUPRC Commission Chief Executive (CCE), Mr. Gbenga Komolafe, stated this when he...