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Nigeria Records 1.37 TCF Gas Output in H1, Says NUPRC

Nigeria Records 1.37 TCF Gas Output in H1, Says NUPRC The Nigerian Upstream Petroleum Regulatory Commission says Nigeria produced about 1.37 trillion standard cubic feet of natural gas between January and June 2025. The report showed that gas production averaged 229 billion scf monthly, with January...

₦341tn Oil Reserves Untapped in Nigeria – Report 

₦341tn Oil Reserves Untapped in Nigeria - Report  Over 3.5 billion barrels of oil and condensate reserves are locked in undeveloped fields across different basins in Nigeria, according to reports in a publication by the Nigerian Upstream Petroleum Regulatory Commission. At the current average price of...

Nigeria’s Oil Production 7,000bpd Above OPEC Quota

According to a report by the Organisation of the Petroleum Exporting Countries (OPEC), Nigeria’s average daily crude production rose to 1,507,000 barrels per day in July,

NUPRC Aims to Capture 40% of Africa’s Oil Investments

NUPRC Aims to Capture 40% of Africa's Oil Investments   The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says it is taking bold steps to reclaim the country’s dominant position in Africa’s oil and gas investment space after its share of sub-Saharan Africa’s upstream inflows plunged from...

NUPRC Generates N5.21tn from Oil Sales in H1

The Federal Government, through the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), raked in N5.21tn from the sale of crude oil.

Crude Oil Production Hits 1.78mbpd in July

Nigeria’s crude oil production rose to a peak of 1.78 million barrels per day (mbpd) in July, the highest level recorded year-to-date (YTD). The July production was about a five per cent uptrend compared to the 1.7 mbpd average output recorded in June.