Tag: Oil Production
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I’ll do everything to ensure oil production increases – Tompolo
Dr Government Ekpemupolo, alias Tompolo has pledged to do everything possible to ensure that the daily crude oil production output continued to be on the increase and boost the nation’s revenue. Tompolo, who is also a High Chief in Ijaw land, made th
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SERAP sues NNPC over failure to account for Nigeria’s daily oil production, revenues
Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit against the Nigerian National Petroleum Company (NNPC) Limited over the “failure to disclose details of Nigeria’s daily oil production, exportation
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Nigeria will meet 1.7m bpd oil production in 2024 budget – Lokpobiri
The Minister of State Petroleum Resources (Oil), Sen. Heineken Lokpobiri, says Nigeria will meet and surpass the 2024 crude oil production budget benchmark of 1.7 million barrels per day (bpd). Lokpobiri said this at a stakeholder’s interactive
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Minister of state petroleum resources, Lokpobiri reveals his only agenda
Sen. Heineken Lokpobiri, Minister of State (Oil) Petroleum Resources, has assured Nigerians of increased oil production on a sustainable basis. Lokpobiri gave the assurance in Abuja on Monday while addressing stakeholders
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OPEC+ cuts oil production to support sagging oil prices
The Organization of the Petroleum Exporting Countries (OPEC) and Non-OPEC Participating Countries have decided to cut oil production by 2 million barrels per day.
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Go and occupy Sambisa, not our land – N’Delta group to Nigerian Military
The Ijaw Peoples Development Initiative (IPDI) has called for the immediate evacuation soldiers occupying their land and send them to Sambisa. The call is contained in a statement signed by its national president, Comrade Austin Ozobo. The copies of the statement were made available to journalists on Tuesday. The group alleged that military have occupied…
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Nigeria overtaken by Libya, Angola in oil production – OPEC
The Organisation of Petroleum Exporting Countries (OPEC) has noted that two African oil-producing countries Angola and Libya have overtaken Nigeria in oil production. Nigeria’s oil capacity has drastically dropped to 972,000 barrels per day in August 2022.
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BREAKING: Oil production vessel explodes in Delta
A Floating Production, Storage & Offloading (FPSO) vessel, belonging to Shebah Exploration & Production Company Ltd (SEPCOL) has exploded in Delta State.
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COVID-19 helped to reduce cost of oil production in Nigeria – Sylva
The Minister of State for Petroleum Resources, Chief Timipre Sylva, says COVID-19 had helped to reduce the cost of crude oil production in the country. “We have reduced the cost of production successfully the issues of our local currency notwithstanding. “ Recently, the Nigerian National Petroleum Corporation (NNPC) and the Department of Petroleum Resources (DPR)…
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2021 budget: How to achieve oil production benchmark – Omo-Agege
The Deputy President of the Nigerian Senate, Senator Ovie Omo-Agege has said for the nation to be able to achieve the oil production benchmark as stipulated in the 2021 budget, certain things must be put in place. TheNewsGuru.com (TNG) reports Senator Omo-Agege stated this on Wednesday as the Senate began debate on the 2021 budget…