This development follows concerns that crude oil output could be disrupted by the unrest and disapproval trailing the appointment of a sole administrator in Rivers State, Vice Admiral Ibok Ete Ibas.

Shell Nigeria Exploration and Production Company (SNEPCo) has been named Major Oil Company of the Year for 2023. The award, presented by Nigerian publication Energy Times, recognises SNEPCo’s ...

Nigeria’s crude oil production declined from 98% of the Organisation of Petroleum Exporting Countries (OPEC) quota of February 2025 to 93% of the quota in March 2025. In its document titled ...

The freshly installed chief executive of NNPC, Nigeria’s state oil corporation, has vowed to attract up to $60 billion of ...

Currently, Nigeria’s oil production has stagnated at 1.5 million barrels per day despite a budget benchmark of 2.1 million barrels per day for 2025. Lokpobiri expressed confidence that the ...

The Federal Government has tasked indigenous oil companies to ramp up production in order to meet both domestic and export demands. The Minister of State Petroleum Resources (Oil), Senator ...

In summary, Nigeria’s 2025 budget is heavily reliant on oil revenues, but challenges to oil production and a decline in global oil prices raise concerns about the budget’s feasibility and ...

Nigeria’s Minister of Finance and Coordinating ... diversify the economy, improve oil production, maximise costs, and stay within the constitutional threshold for budgetary allocations.

Off the coast of Nigeria, one of the world’s largest oil production ships, called the Bonga, was taking oil from a field on the ocean floor and transferring it to a tanker ship. Such transfers ...

Nigerians have strongly criticized energy analyst Daniel Dayo Kunle, popularly known as Dan Kunle, following his recent ...

Nigeria’s oil production faces a fresh crisis as host communities in Bayelsa State’s coastal region have issued a 14-day ultimatum to NNPC Exploration & Production Limited, threatening to shut ...