Tag: oil production
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Tompolo gets NUJ award, vows to ensure increased oil production
Tompolo gets NUJ award, vows to ensure increased oil production Chairman of Tantita Security Services, High Chief Government Oweizide Ekpemupolo (aka Tompolo), has promised to do everything possible to ensure increased daily crude oil production to boost the country’s revenue. Tompolo spoke at Oporoza in Gbaramatu Kingdom of Delta State after receiving “Internal Security Meritorious…
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More Boost for Nigeria as Oil Production Rises to 1.6mbpd
•NNPC shops for new American IOC for Bonga South-west Aparo FID in 2024 •NCDMB to get first dividend payment from Waltersmith Refinery by year end •Security, cost optimisation, others at front burner as NLNG, IOCs seek solutions Nigeria is speedily recovering from the months of under-production with oil production at 1.59 million barrels per day…
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Nigeria’s oil revenue not enough to cover petrol import costs – Finance minister
Nigeria’s revenue being generated from its low oil production cannot cover the cost of imported petrol, Minister of Finance, Budget and National Planning, Zainab Ahmed, has said. She stated this on Thursday in an interview with Reuters on the sideline of the World Economic Forum (WEF) in Davos. She said the Federal Government hopes that…
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Explosion: Nigeria’s oil production drops by 25,000 barrels daily
Crude oil production in Nigeria has reduced by 25,000 barrels per day following a blast recorded at Brass terminal in Yenagoa, Bayelsa State. Eni, the parent company of Nigerian Agip Oil Company (NAOC) on Monday declared a force majeure on expected oil output at its Brass terminal. The declaration means a shortfall of 25,000 barrels…
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OPEC+ to increase oil production by 400,000 barrels/day
The Organisation of Petroleum Exporting Countries and its allies known as OPEC+ have agreed to increase oil production by 400,000 barrels per day. This was the outcome of the 19th OPEC and non-OPEC ministerial meeting on Sunday. Last month, OPEC+ agreed to continue to boost output in July, in line with the group’s April decision…