oil production | Business Post Nigeria

Brent Soars to $113 as Libya Halts Oil Production

April 19, 2022

By Adedapo Adesanya The oil market witnessed growth on Monday as supply disruption pushed prices higher after one of Africa’s top exporters, Libya, announced

Economy

Nigeria Can Produce 3 million Barrels of Crude Oil—Minister

October 25, 2021

Adedapo Adesanya

By Adedapo Adesanya Despite Nigeria’s infrastructural challenges to meet peak oil production, the Minister of State for Petroleum Resources, Mr Timipre Sylva, has said

Economy

Nigeria’s Oil Production Drops 100,000 bpd in August

August 31, 2021

Adedapo Adesanya

By Adedapo Adesanya Nigeria recorded the biggest decline in oil production among the Organisation of the Petroleum Exporting Countries (OPEC) output cut quota in

Economy

OPEC+ Sticks to Gradual Ease of Oil Production for June

June 1, 2021

Adedapo Adesanya

By Adedapo Adesanya The Organisation of the Petroleum Exporting Countries and its allies (OPEC+) agreed on Tuesday to continue gradually easing production cuts amid

Economy

Nigeria Produced 1.59mbpd of Crude Oil in May—OPEC

June 22, 2020

Adedapo Adesanya

By Adedapo Adesanya Nigeria’s estimated crude production fell by 185,000 barrels per day to 1.59 million in May following the country’s pledge to cut

Economy

Nigeria to Cut Excess Oil Production–Minister

October 7, 2019

Adedapo Adesanya

Adedapo Adesanya Nigeria is ready to further cut its oil production if the Organization of Petroleum Exporting Countries (OPEC) and its allies decide in

Feature/OPED

Oil Production: What Angola Can Learn from Nigeria

January 17, 2019

Dipo Olowookere

By Centurion Law Group With production declining and investment scarce, the Angolan leadership has put in place a number of new policies to reboot

Economy

FG Seeks 30% Oil Production from Local Producers

February 26, 2018

Modupe Gbadeyanka

By Modupe Gbadeyanka Federal Government has tasked indigenous oil producers to grow their contribution to the national crude oil basket from the current 10

Economy

Average Performance of Oil Production in 2017 at 86%—NNPC

November 29, 2017

Modupe Gbadeyanka

By Modupe Gbadeyanka Group General Manager in charge of Corporate Planning and Strategy at the Nigerian National Petroleum Corporation (NNPC), Mr Bala Wunti, has

Economy