Crude Oil Production

Oil production stagnates at 65% of 2022 budget benchmark

June 27, 2022

West Texas Intermediate futures slid 3.4% as data showing a sharp economic contraction in the world’s top oil importer outweighed growing expectations that Europe may agree to curb crude purchases from Russia. Beijing is set to close gyms and cinemas over the Labor holiday that lasts through Wednesday, and Shanghai will keep virus measures in place.

Oil price slumps as Joe Biden pushes for US fuel cost cuts

June 22, 2022

OPEC: Nigeria, 6 others drop in crude oil production

June 15, 2022

The World Bank has said Nigeria has the largest shortfall among oil-producing countries during the first quarter of 2022, a development it attributes to sabotage within the oil production system and other factors, such as low investments and the COVID-19 pandemic.

World Bank: Nigeria has largest oil-production shortfall in Q1 2022

April 27, 2022

Speaking during a public presentation of the approved 2022 Budget, in Abuja, Minister of Finance, Budget and National Planning, Mrs Zainab Shamsuna Ahmed, said that FIRS may deploy both proprietary and third-party technology applications to collect information from taxpayers.

Nigerian government to boost crude oil production in two weeks

April 24, 2022

The United Arab Emirates on Thursday reaffirmed its commitment to OPEC+ alliance agreements, a day after an envoy said it would urge the oil cartel to boost output.

OPEC: Nigeria’s crude oil production dropped to 1.354mb/d in March

April 12, 2022

Nigerian Navy begins operation to curb oil theft in Niger Delta

April 2, 2022

22. President Muhammadu Buhari has lauded the cordial relationship existing between the Niger Delta Development Commission (NDDC) and the National Assembly.

Niger Delta Elders’ Forum urges President Buhari to inaugurate NDDC board to douse tension

March 24, 2022

22. President Muhammadu Buhari has lauded the cordial relationship existing between the Niger Delta Development Commission (NDDC) and the National Assembly.

Group urges President Buhari to inaugurate NDDC board, douse tension

March 20, 2022

N2.6 trillion debt: House panel demands evidence of taxes, royalties, levies from oil firms

March 16, 2022

Chief Timipre Sylva, Minister of State For Petroleum Resources, on Friday said the Nigerian Oil and Gas Park Scheme (NOGAPS) at Emeyal, Ogbia Local Government Area, Bayelsa will create at least 2,000 jobs on completion.

Nigerian government blames waning investment, insecurity for declining crude oil production

March 10, 2022

Nigerian National Petroleum Corporation (NNPC)

NNPC harps on full deregulation of downstream sector to boost domestic refining

March 2, 2022

President Muhammadu Buhari has asked the senate to confirm nominees for the Nigeria Electricity Regulation Commission (NERC), Nigerian Midstream and Downstream Petroleum Regulatory Authority and the Nigerian Deposit Insurance Corporation (NDIC).

President Buhari to assent to electoral bill Friday

February 24, 2022

Oil price falls below $90 a barrel ahead of OPEC+ meeting

February 1, 2022

2. President Muhammadu Buhari, on Friday, signed Nigeria’s 2022 budget into law.

President Buhari’s speech at signing of 2022 budget — full text

December 31, 2021