Oil Production
NNPCL Records ₦7.2 Trillion Profit as Oil Production and Financial Performance Improve
The Nigerian National Petroleum Company Limited (NNPCL) recorded a profit after tax of ₦7.2 trillion in 2025, strengthening its financial performance despite lower...
Nigeria’s Oil Production Rises to 1.82 Million Barrels Per Day, Ojulari Says
Nigeria’s crude oil production has risen to about 1.821 million barrels per day, including condensates, as the country records stronger output from its...
OPEC+ Keeps November Oil Output Targets Unchanged Amid Supply Disruptions
OPEC+ has agreed to keep its November oil production targets unchanged, as disruptions linked to the conflict in the Middle East continue to...
OPEC+ Delays Oil Capacity Review as Iran War Disrupts Expansion Plans
The assessment was originally scheduled for completion by the end of September 2026 but is now expected to be finished by mid-November. The...
Gabon Plans $2 Billion International Borrowing for 2027 Budget
Gabon plans to raise about $2.01 billion from international markets in 2027 to help finance its proposed budget, as the government anticipates stronger...
Ingentia Plans Bigger Drilling Campaign After 150% Production Surge
Ingentia Energies Limited is preparing to expand its drilling activities after recording a 150 per cent increase in production, as the indigenous oil...
Nigeria’s August Oil Output Rises 0.4% as Country Meets OPEC Quota for Fourth Month
By Benson Daniel Nigeria’s crude oil and condensate production increased marginally in August 2026, reaching an average of 1,677,777 barrels per day, as...
Nigeria Maintains 1.5 Million Barrels Daily Crude Output in August
By Benson Daniel Nigeria produced an average of about 1.5 million barrels of crude oil per day in August 2026, maintaining production around...
