Tag: crude oil output

Nigeria falls short of OPEC oil target again as January output drops to 1.48mbpd

Business Damilola Bayonle -
Nigeria misses OPEC oil production quota for sixth straight month Nigeria misses OPEC oil production quota for sixth straight month,...

Nigeria’s oil output surges as crude production peaks at 554.4 million barrels in 2025

Business Damilola Bayonle -
Nigeria’s Crude Production Peaked at 554.4mb in 2025 — NUPRC Nigeria’s oil and gas sector recorded a notable performance in...

Nigeria set for oil output boost as NUPRC expects an increase in oil production from EMEM FPSO

Business Damilola Bayonle -
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has projected a boost in crude oil output as the EMEM Floating...

Nigeria’s oil tax revenue falls 53% amid production shortfalls and fiscal strain

Business Damilola Bayonle -
Nigeria’s oil tax revenue experienced a sharp decline in September 2025, dropping by more than half compared to the...

Nigeria’s crude output falls sharply below OPEC quota again

Business Damilola Bayonle -
Nigeria’s crude output slips below OPEC quota once again, marking a setback after two months of strong performance that...

Seplat Reawakens 29 Wells, Adds 26,000bpd Crude Output

Business Damilola Bayonle -
Seplat Energy Plc, one of Nigeria’s leading independent energy companies, has successfully reactivated 29 dormant oil wells in the...

Nigeria Targets 25% OPEC Quota Increase by 2027

Business Damilola Bayonle -
Nigeria is positioning itself for a major leap in oil production as the Nigerian National Petroleum Company Limited (NNPC)...