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...

Oil Production Now 1.18mbpd, Highest In Seven Months   Nigeria’s crude oil production rose to 1.185 million barrels per day in November 2022, representing the highest output by the country in the past seven months. Latest oil production figures obtained from the Nigerian Upstream Petroleum Regulatory Commission...

Nigeria’s Oil Production Rises To 1.6m Barrels     Nigeria’s crude oil production is recovering, climbing right back to about 1.6 million barrels. Chief Upstream Investment Officer, NNPC Upstream Investment Management Services, Bala Wunti, said this at the 11th Practical Nigerian Content forum in Uyo, Akwa-Ibom state on...

Oil Earnings Crashed By N288bn In Q3, 2022   Nigeria’s oil earnings have gone southward amid rising crude thefts among other factors. Nigeria’s earnings from crude oil crashed by N287.95bn in the third quarter of 2022 as a result of the incessant theft of the commodity in...

OPEC Decision On Oil Production Cut, Unanimous – FG   The Federal Government on Tuesday said the decision by the Organisation of Petroleum Exporting Countries (OPEC) to cut two million barrels of crude oil production was a unanimous one. It said the step was taken to stabilise...