OML 29: Aiteo’s Production Hits 90,000 Barrels Daily An integrated energy group, Aiteo, said it had achieved a peak production of 90,000 barrels per day in...
Oil Output: FG Abandons Four-million-barrel Target Seven years after the production target of four million barrels of oil per day was set, the Federal Government has...
OPEC Deal Yielding Benefits For Nigeria The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, has said the agreement by the Organisation of the Petroleum...
Oranto Petroleum Invests $500m in South Sudan Oil Block Nigeria’s Oranto Petroleum Limited has said it has signed oil sharing agreement with South Sudan covering the...
FG to Increase Oil and Gas Output in 2020 The Nigerian National Petroleum Corporation, NNPC, said it is facilitating the growth of the midstream oil sector...
ExxonMobil’s One Billion Crude Oil Discovery Spurs Interest in Government Policies to Grow Reserves As Nigeria’s crude oil reserves increased to 37 billion barrels, led by...
Iran’s Crude-Oil Exports Increase to Level Last Seen in 1970s Iran’s crude-oil exports touched 3 million barrels a day for the first time since the 1979...
NLNG Predicts Demand Growth from China, India The Nigeria Liquefied Natural Gas Limited (NLNG) has stated that with the current LNG demand growth from China, India,...
Oil Price Rises as OPEC sticks to Output Pledges Oil reversed earlier losses, yesterday, as investors took heart from strict Organisation of the Petroleum Exporting Countries,...
Shale: Nigeria, Others Must Lower Costs Members of the Organisation of the Petroleum Exporting Countries must lower production costs to compete better with shale oil producers,...