The Numerous Dark Worlds Controlling Nigeria By Basil Odilim Nigeria is the only OPEC nation where individuals, not the state, own oilfields. Nowhere else do national assets transition so seamlessly into private hands under the pretense of legality. But who are these individuals? And why is...

FG to Revoke License of Dormant Oil Blocks  The Minister of State Petroleum Resources (Oil), Senator Heineken Lokpobiri, threatened to withdraw oil blocks from owners that have failed to develop them. This is against the backdrop of the Federal Government calling on international oil companies operating...

Nigeria Has Capacity to Produce 4mbpd of Oil - OPEC   According to Ademola Adeyemi-Bero, Chairman of the OPEC Board of Governors, Nigeria's abundant hydrocarbon reserves should enable the country to produce up to four million barrels of oil per day, a significant increase from its current output. Adeyemi-Bero...

Nigeria's Oil Production Surges Past 1.5mbpd, Exceeds OPEC Quota   According to a recent report by the Nigerian Upstream Petroleum Regulatory Commission, Nigeria has successfully achieved its oil production quota as stipulated by the Organisation of the Petroleum Exporting Countries (OPEC). In January, Nigeria made real its focus...

FG Aims 2.7mbpd Crude Oil Production as OPEC Pledges to Monitor Quotas Nigeria has set a target of boosting daily production to 2.7 million barrels of crude and condensate by 2027. This was disclosed by President Bola Tinubu’s Special Adviser on Energy, Olu Verheijen, according to...

Report Reveals Nigeria’s 2mbpd Oil Plan May Cause Showdown With OPEC   A recent report by Bloomberg suggests that Nigeria's ambitious plan to boost crude oil production to 2.062 million barrels per day may put it at odds with the Organization of the Petroleum Exporting Countries (OPEC)....