FG Awards First Oil Exploration License Under PIA
The Federal Government has granted a Petroleum Exploration Licence to TGS-PetroData Offshore Services Limited, which is the first of such licence to be issued under the Petroleum Industry Act 2021.
It said the licence, which was granted by...
Nigeria’s Oil Production Rises to 1.35m barrels/day, Highest In 2023 - Report
The Nigerian Upstream Petroleum Regulatory Commission's report has shown that the nation’s crude oil output rose to an all-time high of 1.35 million barrels per day in September 2023, the highest volume so...
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...
