FG targets 10bcf gas output by 2030, 4 million bpd oil production
The federal government has said it is targeting about 4 million barrels per day oil production and 10bcf of gas ...
Tag: Oil
FG targets 1.9 million bpd Crude Oil Production
The Minister of State for Defence, Muhammad Bello Matewalle, said the federal government is targeting about 1.9 million barrels per ...
Increased Oil Production in Nigeria would yield Faster Economic Growth by 2024 – Analysts
Analysts at Focus-Economics have projected faster economic growth for Nigeria in 2024, based on increased oil production in the highlighted ...
IEA urges countries to reduce depending on oil and gas despite $4 trillion industry profit in 2022
The Executive Director of the International Energy Agency (IEA), Fatih Birol, has called on countries around the world to reduce ...
NNPC Discovers Oil In Nasarawa
The Nigerian National Petroleum Company Limited (NNPCL) on Friday announced the discovery of oil in Nasarawa State and said it ...
OPEC raises Nigeria’s Production Quota as Oil Prices Fall
The Organisation of Petroleum Exporting Countries has raised Nigeria’s crude oil production quota for September 2022 to 1.83 million barrels ...
FG Probes Operators’ Accounts To Verify Claim of Oil Theft
Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has set up panel to investigate the activities of oil companies operating in the ...
Despite Increase In Oil Prices, Nigeria’s External Reserve Dip to $39.9 billion
Nigeria’s external reserves dipped further by $175 million in February to $39.9 billion, despite the upturn in the price of ...
Oil Rally: Nigeria’s Oil Production Rose in September To 1.45mbpd
Nigeria’s oil production volume rose to 1.45 million barrels a day last month, up from the 1.29 million barrels it ...
FG To Increase Oil, Gas Reserves, Says DPR
The Department of Petroleum Resources (DPR) says the Federal Government’s plans to increase the nation’s oil and gas reserves, are ...
