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Business

Nigeria loses position as Africa’s biggest oil producer as production drops to 1.23m bpd in March, says OPEC

Nigeria’s daily crude oil production maintains steady decline in 2024 as it dropped to 1.23 million barrels per day in March 2024 costing the...

Business

OPEC+ retains oil production cut policy maintain price stability

The OPEC+ alliance yesterday announced that it was keeping the current oil production cut policy unchanged, in an attempt to maintain global stability in...

Business

Ahead of ministerial meeting, OPEC oil output plunges as Nigeria, Iraq slash exports —Survey

A survey by Reuters on Monday, April 1, 2024 has shown a plunge in oil output by the Organisation of Petroleum Exporting Countries (OPEC)...

Business

Again, Nigeria fails to meet OPEC quota as crude production falls to 1.32mbpd in February

For the second consecutive month, Nigeria failed to meet its monthly crude production quota of 1.5mbpd as stipulated by the Organisation of Petroleum Exporting...

Business

PHOTOS: OPEC Executive Secretary, Al Ghais Meets NNPCL GCEO, Kyari On Developments In Nigeria’s Oil & Gas Industry

The Secretary General of the Organisation of Petroleum Exporting Countries, Haitham Al Ghais, has met with the Group Chief Executive Officer of the Nigerian...

Business

NNPC Ltd, OPEC Pledge Collaboration To Attract Investments, Grow Oil Production

The Nigerian National Petroleum Company Limited (NNPC Ltd.) and the Organization of the Oil Exporting Countries (OPEC) have pledged to work closely together to...

Business

OPEC asks Nigeria to ramp oil production or miss $14tr investment opportunity

The Secretary General of the Organisation of the Petroleum Exporting Countries (OPEC), Haitham Al-Ghais, has warned that Nigeria risks missing out on the $14...

Business

Nigeria’s economic growth ‘exceeded expectations’ in Q3/2023 says OPEC

The Organisation of the Petroleum Exporting Countries (OPEC) has hinged Nigeria’s economic growth in the third quarter of 2023 which “exceeded expectations” on strong...

Business

NUPRC Unveils Three-Year Regulatory Plan For Nigeria’s Upstream Oil & Gas Sector

… To Conclude Ongoing Deep Offshore Blocks Licensing Mini Bid Round In 2024…Targets $20 Per Barrel Crude Oil Production Costs THEWHISTLER : Read More

News

Crack in OPEC as Angola quits over production quota row

Angola’s Minister of Oil, Diamantino de Azevedo, told the media on Thursday that the decision was made during a council of ministers’ session.The council...

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