Oil Production May Drop Over Fresh Pipeline Explosions   Nigeria’s oil production output may fall this month over a fresh pipeline explosion, according to findings by our correspondent. A fresh explosion was said to have rocked a major export pipeline in the Niger Delta, with about 12...

NNPCL Says Oil Production Now 1.6 Million Barrels Daily   The Nigerian National Petroleum Company Limited (NNPCL) on Monday, said Nigeria’s oil production had increased to 1.6 million barrels per day, a few millions short of the 1.8 million barrels per day quota allocated to Nigeria...

Nigeria’s Oil Production Rises By 1.9% To 1.258 mb/d — OPEC   Nigeria’s oil production has risen month-on-month, MoM, by 1.9 per cent to 1.258 million barrels per day, mb/d, in January 2023, from 1.235 mb/d recorded in December 2022. The figures excludes Condensate. The Organisation of...

Technical Problems Responsible For Oil Production Decline - World Bank   The World Bank has stated that technical problems, insecurity, rising production costs, theft, lack of payment discipline in joint ventures, etc. were responsible for the 40 per cent decline of Nigeria’s oil production last year. The...

Oil Production Now Nine-month High - NUPRC   The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) on Sunday, revealed that crude oil production in Nigeria rose to 1.235 million barrels per day in December 2022, representing the highest output since March when the country produced 1.237mbpd. Figures obtained...

Oil Firms Will Return To Full Production – Fed Govt   The Federal Government, on Tuesday, said it was working to ensure that all local and international oil companies returned to full capacity production of crude oil in Nigeria. Major oil producers in Nigeria have drastically cut...