47 h. ago Production Sharing Contract And Nigeria’s Pursuit Of Increased Crude Oil Production

Just about this time last year, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) announced an ambitious programme to increase Nigeria’s crude oil output by one million barrels per day, over a 12 to 24-month period. When the Commission’s Chief Executive, Engr. Gbenga Komolafe made this proclamation, those acquainted with the country’s oil and gas industry […]

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47 h. ago Why India’s return to buying Nigerian crude oil is good for Africa’s top producer

The tender from India for thr purchase of a large stock of Nigerian crude oil could be the beginning of read more Why India’s return to buying Nigerian crude oil is good for Africa’s top producer

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5 d. ago NNPC, Total energies sign PSC agreement for deepwater blocks

Tribune Online NNPC, Total energies sign PSC agreement for deepwater blocks NNPCL, in partnership with the TotalEnergies–Sapetro Consortium, has executed a Production Sharing Contract (PSC) for Petroleum Prospecting Licences (PPLs) 2000 and 2001, marking a significant milestone in Nigeria’s upstream oil and gas sector. This is the first PSC to comprehensively cover both crude oil and natural gas NNPC, Total energies sign PSC agreement for deepwater blocks Tribune Online

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1 week ago FG reaffirms support for oil production growth as Total Energies divest Bonga North interest to Shell

The Federal Government has reaffirmed its commitment to fostering increased crude oil production through supportive policies, incentives, and strategic partnerships with international oil companies (IOCs). This reassurance came during a courtesy visit by Mr. Nicolas Terraz, President, Exploration & Production at TotalEnergies SE, to the Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, […] The post FG reaffirms support for oil production growth as Total Energies divest Bonga North interest to Shell appeared first on The Sun Nigeria.

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1 week ago Nigeria faces new pressure as South Korea locks $100bn US energy deal

Tribune Online Nigeria faces new pressure as South Korea locks $100bn US energy deal Nigeria’s crude oil exports to Asia may face increased competition following South Korea’s $100 billion commitment to purchase US energy over the next four years, a deal sealed during President Lee Jae-myung’s state visit to Washington. South Korea is already the largest Asian buyer of US crude, with imports currently at 460,000–470,000 barrels per day—a […] Nigeria faces new pressure as South Korea locks $100bn US energy deal Tribune Online

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1 week ago Nigeria’s Pipelines, Terminals Crude Oil Receipts Nears 100% — Ojulari

Nigeria premised its 2025 national budget on a crude oil production of 2.06 million barrels per day and $75 per barrel oil price. The post Nigeria’s Pipelines, Terminals Crude Oil Receipts Nears 100% — Ojulari appeared first on Channels Television.

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1 week ago Nigeria’s Pipelines, Terminals Crude Oil Receipts Near 100% — Ojulari

Nigeria premised its 2025 national budget on a crude oil production of 2.06 million barrels per day and $75 per barrel oil price. The post Nigeria’s Pipelines, Terminals Crude Oil Receipts Near 100% — Ojulari appeared first on Channels Television.

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1 week ago Forcados, Bonny Terminals Boost Oil Output To 1.71 million bpd

Nigeria’s crude oil output has increased by 9.9 per cent in July 2025, averaging 1.71 million barrels of oil per day (bopd). This figure comprises 1.507 million bopd of crude oil and 204,864 bopd of condensates. The Nigerian Upstream Petroleum Regulatory Commission (NUPRC), in its July Production data report released on Monday, showed that operations […]

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2 w. ago Reforms: How FX inflows, price stability keep reserves above $40.7b mark

By Michael Nwadike Nigeria foreign reserves hit $40.72 billion on August 13, 2015. The increase in reserves was driven largely by rising forex inflows and marginal increase in crude oil output. According to the latest figures published on the Central Bank of Nigeria (CBN) website, the gross reserves moving average stood at $39.3 billion on […] The post Reforms: How FX inflows, price stability keep reserves above $40.7b mark appeared first on The Sun Nigeria.

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2 w. ago Nigeria sets 2026 oil output target at 2.5m barrels daily – NUPRC

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says the country is on track to achieve a crude oil production target read more Nigeria sets 2026 oil output target at 2.5m barrels daily – NUPRC

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2 w. ago How Nigeria’s crude oil production was increased to 1.8 mbpd —NUPRC

Tribune Online How Nigeria’s crude oil production was increased to 1.8 mbpd —NUPRC "Assets and infrastructure are vital, but it is human that unlocks their value. The future of Nigeria's oil and gas industry will therefore depend not only on the size of our reserves, but on the skills and competencies of our people. How Nigeria’s crude oil production was increased to 1.8 mbpd —NUPRC Tribune Online

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3 w. ago Nigeria’s oil production nears 1.83mbpd, targets 2.5mbpd by 2026

Nigeria’s oil sector is showing signs of renewed momentum as crude production edges closer to 1.83 million barrels per day read more Nigeria’s oil production nears 1.83mbpd, targets 2.5mbpd by 2026

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3 w. ago NLC to FG: Sell crude in naira to boost local refining, lower pump prices

By Bimbola Oyesola and Chukwuma Umeorah The Nigerian Labour Congress (NLC) has urged the Federal Government to prioritise selling crude oil in naira to the Dangote Refinery and other local stakeholders, insisting that such a move would help drive down fuel prices for Nigerians. The call came as Dangote Refinery announced yet another price slash, […] The post NLC to FG: Sell crude in naira to boost local refining, lower pump prices appeared first on The Sun Nigeria.

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3 w. ago Why NNPC should sell adequate crude to Dangote refinery in Naira, says NLC

The Nigerian Labour Congress (NLC) has made a case for adequate feedstock (crude oil) supply to the 650,000 bpd Dangote read more Why NNPC should sell adequate crude to Dangote refinery in Naira, says NLC

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3 w. ago Nigeria’s crude output hits 1.5mbpd in July, exceeds OPEC quota for second month

Nigeria’s crude oil production averaged 1.507 million barrels per day (bpd) in July 2025, exceeding its Organisation of the Petroleum read more Nigeria’s crude output hits 1.5mbpd in July, exceeds OPEC quota for second month

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4 w. ago Seven states advocate unified maritime laws to strengthen security, cross

Tribune Online Seven states advocate unified maritime laws to strengthen security, cross-border trade The forum demanded that a percentage of revenue from maritime taxes and crude oil exports be dedicated to coastal security funding. Seven states advocate unified maritime laws to strengthen security, cross-border trade Tribune Online

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4 w. ago Coastal communities demand percentage from maritime taxes, crude oil exports

Tribune Online Coastal communities demand percentage from maritime taxes, crude oil exports Coastal communities in Nigeria have called on relevant authorities to advocated for the dedication of a percentage of revenue from maritime taxes Coastal communities demand percentage from maritime taxes, crude oil exports Tribune Online

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