Nigeria is asking the global community to allow the continent to prioritise responsible crude oil exploration even as the upstream exploration and production activities are projected to remain challenging in 2024. The post Tougher times for upstream as FG insists Read More
NMDPRA expands data ecosystem to cover crude oil
Previously focusing on the regulation of the downstream segment of the nation’s oil and gas industry, the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) said crude oil data will now be captured by the agency. The post NMDPRA expands Read More
Nigeria missing as five oil majors earn $200 billion in long rally
While Nigeria is recording losses despite the high oil prices, ExxonMobil, Chevron, BP, Shell, and TotalEnergies are set to declare $200 billion. The post Nigeria missing as five oil majors earn $200 billion in long rally appeared first on The Read More
Saving Nigeria’s upstream petroleum sector from total collapse
Nigeria, once a leading crude oil producer in Africa with close to two million barrels per day production is struggling to keep up despite the passage of the Petroleum Industry Act. The post Saving Nigeria’s upstream petroleum sector from total Read More
Dealing with growing menace of crude oil theft
In the first four months of this year, data from the Nigerian National Petroleum Company Limited showed that Nigeria was losing about 250, 000 barrels per day of crude oil to theft. The post Dealing with growing menace of crude Read More
Succour for Nigeria as global oil demand, price may decline
Projected demand drop of over 1.4 million barrels per day of crude oil at the international market may provide brief succour for Nigeria’s economy, which has been gasping for breath The post Succour for Nigeria as global oil demand, price Read More
How Nigeria can end growing crude oil theft
Crude oil loss through theft or organised criminal activities is already on the verge of hijacking oil and gas operations in Nigeria. With over 91 per cent loss in some cases The post How Nigeria can end growing crude oil Read More
Nigeria upstages Angola in crude oil production
The Minister of State for Pretroleum Resources Emmanuel Ibe Kachikwu PHOTO: TWITTER/NNPC Nigeria has steadily overtaken Angola as the top oil and gas producer in Africa, with an increased out put of 91,500 barrels per day (bpd) in February 2018. Read More