The Nigerian Upstream Petroleum Regulatory Fee (NUPRC) mentioned that the nation’s oil and condensate reserves standing as of Jan. 1, 2022, is 37.046 billion barrels. This represents a slight improve of 0.37 % in comparison with 36.910 billion barrels as of Jan.1, 2021. Fee Chief Government (CCE), NUPRC, Gbenga Komolafe mentioned this on Friday in Abuja at …
Nigeria’s Crude Oil Reserve Will increase To 37 Invoice… Read More »
The Organisation of the Petroleum Exporting Nations (OPEC) has introduced that Nigeria’s crude oil manufacturing declined to a mean of 1.354 million barrels per day in March 2022. OPEC made this identified in its Oil Market Report for April 2022 on Tuesday in Lagos. The report stated the determine confirmed a lower of 24, 000 barrels …
Nigeria’s Crude Oil Manufacturing Dropped In March … Read More »
The Nigerian Upstream Petroleum Regulatory Fee (NUPRC) has mentioned that the worldwide improve in crude oil worth occasioned by the battle between Russia and Ukraine and the following power disruption name for geopolitical power safety and sustainability. The Fee’s Chief Govt, NUPRC, Gbenga Komolafe, made this recognized on Thursday in Abuja on the Oloibiri Lecture Sequence and …
Improve In Crude Oil Worth, Power Disruption Cal… Read More »
The Nigerian Upstream Petroleum Regulatory Fee (NUPRC) has assembled a workforce of consultants to hold out thorough auditing of actions of operators within the upstream petroleum {industry} within the final two years. The fee mentioned that the audit would confirm the precise quantity of crude oil stolen by vandals and saboteurs in opposition to latest …
NUPRC Units Up Panel To Confirm Crude Loss Claims Read More »
London Brent crude futures rose as a lot as 8% to above $105 per barrel on Thursday after falling for 3 straight classes. The value responded to failed peace talks between Russia and Ukraine and the IEA warnings of a drop in manufacturing from Russia and what it might portend from worth usually. In line …
The Organisation of the Petroleum Exporting International locations (OPEC) has mentioned that Nigeria’s crude oil manufacturing declined to a median of 1.417 million barrels per day in February 2022. OPEC made this identified in its Oil Market Report for March 2022, on Tuesday in Lagos. The report mentioned the determine confirmed a lower of 10,000 barrels per …
Nigeria’s Crude Oil Manufacturing Drops To 1.417mbp… Read More »
Eni, the dad or mum firm of Nigerian Agip Oil Firm (NAOC) on Monday declared a Drive Majeure on anticipated oil output at its Brass terminal in Yenagoa. The declaration means a shortfall of 25,000 barrels of crude oil and 13 million normal cubic metres of fuel per day from the terminal. A Drive Majeure …
Blast At Terminal Reduces Crude Oil Manufacturing By … Read More »
President Muhammadu Buhari has mentioned that rising crude oil costs current an important alternative for Nigeria, particularly with the passage of the Petroleum Trade Act (PIA). Buhari mentioned this on Monday in Abuja whereas declaring open the fifth Nigeria Worldwide Vitality Summit (NIES). The summit has as its theme: ‘Revitalising the Trade: Future Fuels and Vitality …
Rising Crude Oil Costs Nice Alternative For Nige… Read More »
The Minister of State for Petroleum Assets, Chief Timipre Sylva, has mentioned that the Federal Authorities is deepening efforts to spur oil manufacturing to make the most of international crude oil costs. Sylva mentioned this in Abuja whereas briefing newsmen on the forthcoming Nigeria Worldwide Vitality Summit (NIES 2022) slated from Feb. 27 to March 3. …
Crude Worth Surge: FG To Spur Oil Manufacturing To Ta… Read More »
The Organisation of Petroleum Exporting Nations (OPEC) stated that Nigeria’s crude oil manufacturing elevated to a median of 1.398 million barrels per day in January. OPEC made this identified in its Oil Market Report for February 2022, which was obtained on Thursday in Lagos. The report stated the determine confirmed a rise of 81, 000 …
Nigeria’s Crude Oil Manufacturing Elevated To 1.39… Read More »