Nigeria’s Oil Production Increases By 2.55m Barrels – OPEC   Crude oil production in Nigeria increased by about 2.55 million barrels in the month of November 2021, the Organisation of Petroleum Exporting Countries announced on Tuesday. According to OPEC, the country’s crude oil production rose by 85,000...

November Oil Production Increases To 1.44m Daily – Report     In a related development, Nigeria, Africa’s largest oil producer, produced 1.44 million barrels per day in November, a rise of 70,000 bpd from the previous month, as output from Bonny Light and Erha fields rebounded, according...

PIA’ll Boost Nigeria’s Oil Production By 317% To 4m bpd — FG   The Federal Government has said that the implementation of the newly enacted Petroleum Industry Act (PIA) will boost the oil production capacity of Nigeria by about 317 percent to four million barrels per...

Nigeria Lost N221.64bn In July To Oil Production Stoppages – NNPC   A total of 7,193,520 barrels of crude oil was lost in July this year due to about 39 production shut-in incidents, latest figures released by the Nigerian National Petroleum Corporation showed. An analysis of the...

Nigeria’s Oil Production Drops To 1.24m bpd – Report       Nigeria’s crude oil production plunged to a record low of 1.24 million barrels per day last month as a result of lingering disruptions, S&P Global Platts reported on Wednesday. The report quoted industry and ministry sources as...

OPEC+ Maintains 400,000bpd Monthly Oil Output Increase       The Organisation of the Petroleum Exporting Countries and its allies, on Wednesday, agreed to stick to their existing plan for gradual monthly oil production increases. OPEC and non-OPEC ministers ratified the 400,000 barrel-per-day supply hike scheduled for October after...