NNPCL Posts N385bn January Profit Despite Volatile Output
The Nigerian National Petroleum Company Limited (NNPCL) generated N2.57 trillion in revenue and posted a profit after tax of N385 ...
Tag: Oil Production
NNPC Exports New Cawthorne Crude Grade to Global Market
The Nigerian National Petroleum Company Limited has announced the export of its new crude grade, Cawthorne, marking a significant addition ...
Seplat Workers Suspend Strike After Fresh Talks, NNPC Intervention
Workers at Seplat Energy have suspended the strike action they embarked upon on Friday amid concerns over pay increases, following ...
NUPRC Raises Oil Production to 1.84 Million Barrels, Eyes Two Million Target
The Nigerian Upstream Petroleum Regulatory Commission has raised daily oil production to 1.84 million barrels, a development that aligns fully ...
Seplat Workers Begin Indefinite Strike Over Welfare Concerns, Threatening Oil Output
Workers at Seplat Energy began an indefinite strike on Friday, a move that could disrupt production at a time of ...
Niger Delta Group Demands Decentralisation of Pipeline Surveillance Contracts
The Niger Delta Roundtable has called for the decentralisation of pipeline surveillance contracts across states and communities in the region, ...
Nigeria Slashes Permit Timelines to Boost Oil Output
Nigeria is accelerating oil production by slashing approval timelines for well permits from several weeks to just hours, as global ...
Naira Slides to N1,388/$ as Reserves Decline Exposes External Sector Vulnerabilities
The naira came under renewed pressure on Monday, weakening sharply across foreign exchange markets as declining external reserves and rising ...
Economist Says Nigeria Misses Oil Windfall as Production Lags
Nigeria is failing to capitalise on the surge in global crude oil prices triggered by the ongoing Middle East crisis ...
Energean Acquires Chevron’s Angolan Offshore Assets in $260 Million Deal
Energean has agreed to acquire key offshore oil assets in Angola from Chevron in a $260 million deal, as the ...
