Nigeria has retained its position as Africa's top oil producer, with a rise in output to 1.48 million barrels per day in November 2024. The country's production surpassed Algeria and Congo, continuing its leadership in the African oil sector, according to OPEC and the Nigerian Upstream Petroleum...
Amidst ongoing efforts by the federal government to bolster Nigeria's oil production, recent data reveals a concerning downturn. According to the Organisation of Petroleum Exporting Countries (OPEC) March Monthly Oil Market Report (MOMR), Nigeria's oil output, excluding condensate, experienced a...
Vice Adm. Emmanuel Ogalla, Chief of the Naval Staff, commended his officers and personnel for a job well done in the nation's oil-producing regions, attributing a significant boost in oil production to their efforts.
During a recent visit to the Central Naval Command in Yenagoa, Ogalla...
Nigeria's new government, under the leadership of President Bola Tinubu, has set an ambitious target: doubling the nation's oil output to 2.1 million barrels per day (bpd) by December 2024. This claim follows the country's recent success in securing $13.5 billion in investment pledges from major...
Africa’s largest oil producer could see oil production fall by 35 percent as low oil prices and regulatory uncertainty threaten to prompt oil majors to postpone final investment decisions.
OPEC member Nigeria is the largest oil producer in Africa and it pumped 1.776 million barrels of oil per...
Energy Research, Ecobank Group, Mr. Dolapo Oni, tells TOBI AWORINDE that oil production will improve this year as power supply records some significant setbacks What major expectations do you have for the energy sector in 2018? I think the only bill we are likely to see passed this …
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