It 'll Be Difficult For Nigeria To Cut Oil Production, Says Kachikwu As the Organisation of Petroleum Exporting Countries is keen to extend efforts to ward off oil supply glut and prop up prices, the Minister of State for Petroleum Resources, Dr Ibe Kachikwu, has...

Oil Production In June Drops To 1.89b/d – FG   Nigeria’s crude oil and condensate production has remained far lower than projected in the 2018 budget for the last two months, data released by the country’s petroleum ministry has shown. The ministry in its latest Periscope Newsletter...

We Reduced Cost Of Producing Barrel Of Oil To $20, Says NNPC The Nigerian National Petroleum Corporation (NNPC) Monday said its cost of producing a barrel of crude oil from Nigeria’s oil fields has further dropped to $20, adding that it was targeting to lower...

The Nigerian National Petroleum Corporation (NNPC) said it hopes to ramp up crude oil production above the country’s budget benchmark of 2.2 million barrels per day (b/d) by the end of the second quarter of 2017 due to the restoration of critical export pipelines...

The country’s crude oil production stands at about 1.9 million barrels per day (bpd), the Minister of Petroleum Resources and immediate past group managing director of the Nigerian National Petroleum Corporation (NNPC), Mr Emmanuel Ibe Kachikwu , said. Kachikwu made the comments at a ceremony...

  Niger Delta militants on Thursday blew up two extra oil pipelines in Bayelsa State, threatening to bring oil production in the country to a halt. A militant group that calls itself the Niger Delta Avengers, which has claimed responsibility for most of the attacks since...