6 h. ago Why We Set Up First Of Its Kind $400m Crude Oil Terminal In Rivers – Prof Adegbulugbe

The Chairman of Green Energy International Limited (GEIL), Prof. Anthony Adegbulugbe, has disclosed that the firm’s establishment of the first indigenous $400 million onshore oil Otakikpo Terminal in Rivers State will play a significant role in the oil and gas industry in Nigeria. According to the Chief Executive Officer of GEIL, the Otakikpo Terminal is […]

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2 d. ago NBS: Crude oil accounts for 52.60% of Nigeria’s total exports in Q2

Tribune Online NBS: Crude oil accounts for 52.60% of Nigeria’s total exports in Q2 Exports accounted for 59.81 per cent of total trade, indicating a 28.43 per cent growth year-on-year and a 10.45 per cent rise compared with Q1... NBS: Crude oil accounts for 52.60% of Nigeria’s total exports in Q2 Tribune Online

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4 d. ago Appeal Court Directs Custody Of FPSO Tamara Tokoni Crude Amid $225.8m Debt Row

The Court of Appeal in Abuja has directed its Chief Registrar, in collaboration with the Admiralty Marshal, to take custody and safeguard crude oil cargo aboard the FPSO Tamara Tokoni. The order is to prevent expropriation, dissipation, or fraudulent dealings by any of the parties involved in the ongoing dispute between First Bank of Nigeria […] The post Appeal Court Directs Custody Of FPSO Tamara Tokoni Crude Amid $225.8m Debt Row appeared first on Information Nigeria.

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4 d. ago Crude Oil Losses Have Dropped To 9,600 Barrels Daily – Nigeria’s Upstream Regulator

Nigeria’s upstream oil sector is experiencing a significant decline in crude oil losses from theft and metering issues, reaching the lowest levels the industry has seen since 2009. According to data released by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), daily losses fell to 9,600 barrels per day (bpd) in July 2025, marking a milestone […]

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4 d. ago FBN vs GHL: Appeal Court orders sale of crude oil onboard Tamara Tokoni

The Appeal Court sitting in Abuja has appointed the Chief Registrar of the Court of Appeal, in liaison with the Admiralty Marshal to take charge, possession and to secure any cargo of crude oil on board FPSO Tamara Tokoni against expropriation, waste, dissipation and or fraudulent disposition by any of the parties (FBN & GHL) […] The post FBN vs GHL: Appeal Court orders sale of crude oil onboard Tamara Tokoni appeared first on The Sun Nigeria.

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4 d. ago Nigeria records setback in oil revenue, loses 2.04m barrels in half

Lowest in 16 years By Adewale Sanyaolu Nigeria has recorded a setback in its oil revenue target for 2025, posting a loss of 2.04 million barrels of oil in the first half of the year (H1 2025). This is based on trends of crude oil losses year-to-date July 2025, released by the Nigerian Upstream Petroleum […] The post Nigeria records setback in oil revenue, loses 2.04m barrels in half-year appeared first on The Sun Nigeria.

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4 d. ago Nigeria’s crude output falls below OPEC quota after 2 months

Nigeria’s crude oil production slipped below its OPEC quota in August after two consecutive months of meeting the target, raising read more Nigeria’s crude output falls below OPEC quota after 2 months

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7 d. ago Agriculture remains Nigeria’s strategic route to growth–LCCI

Tribune Online Agriculture remains Nigeria’s strategic route to growth–LCCI The Lagos Chambers of Commerce and Industry (LCCI) has emphasised that Nigeria cannot afford to rely on crude oil as the anchor of the economy in this century, and that agriculture remains Nigeria’s most strategic pathway to diversification, job creation, poverty reduction, and inclusive growth. Gabriel Idahosa, President/Chairman of Council, Lagos Chamber of Commerce and […] Agriculture remains Nigeria’s strategic route to growth–LCCI Tribune Online

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7 d. ago Bonny Light Sells Below FG’s Benchmark As OPEC+ Hikes Production

Nigeria’s 2025 budget depends on an expected crude oil price of $75 per barrel, with production set at 2.06 million barrels per day. The post Bonny Light Sells Below FG’s Benchmark As OPEC+ Hikes Production appeared first on Channels Television.

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1 week 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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1 week 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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2 w. 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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2 w. 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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2 w. 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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3 w. 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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3 w. 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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3 w. 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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3 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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3 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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3 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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