Nigeria Cuts Oil Production Losses From 97% to Just 2%
Nigeria’s oil industry has recorded a major improvement in the amount of crude oil being lost through theft and other ...
Tag: Oil Production
Nigeria Meets OPEC Quota Despite July Oil Production Drop
Nigeria’s crude oil production fell in July 2026, ending a steady rise recorded during the first half of the year. ...
Dangote Refinery Challenges NUPRC Over Rejected Crude Claim
The Dangote Petroleum Refinery has challenged a claim by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) that it rejected about ...
NNPC Earns N2.28 Trillion Profit in First Half of 2026 as Higher Oil Prices Boost Revenue
Nigeria’s state-owned oil company, the Nigerian National Petroleum Company Limited (NNPC), recorded a profit after tax of N2.275 trillion during ...
OPEC+ Agrees to Raise Oil Production by 188,000 Barrels Per Day from September
Saudi Arabia, Russia and five other major members of the OPEC+ alliance have agreed to increase oil production by 188,000 ...
Seplat Sells 10% Stake to NNPC in $281.6 Million Deal, Boosts Investor Returns
Seplat Energy Plc has agreed to sell a 10 percent working interest in its joint venture with NNPC Limited for ...
NNPC Records ₦535bn Profit in June Despite Slight Drop in Oil Production
The Nigerian National Petroleum Company Limited (NNPC) reported a strong financial performance in June 2026, posting a profit after tax ...
Nigeria Crude Oil Output Hits Six-Year High as Pipeline Security Boosts Production
Nigeria's crude oil production rose to its highest level in more than six years in June 2026, underscoring the impact ...
FG Approves New Tax Incentive to Boost Shell’s $20bn Deepwater Oil Project
The Federal Government has approved a new tax incentive for Shell Plc’s Bonga Southwest Aparo deepwater oil project in a ...
Nigeria’s Crude Oil Production Reaches Six-Year High, Surpasses OPEC Target
Nigeria’s crude oil production has reached its highest level in more than six years, marking another major milestone for the ...
