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Nigeria: No Going Back On Fuel Subsidy Removal, Federal Govt Declares/in /by
[Leadership] Minister of finance, budget and national planning, Zainab Ahmed, has said the federal government has concluded every plan for the removal of the controversial subsidy on premium motor spirit (petrol) and would not revisit the matter.
Nigeria: Nigeria Has Suffered a Significant Loss in Oil Revenue – Shell/in /by
[Leadership] Chairman of Shell Companies in Nigeria, Osagie Okubor, has said the country suffered a significant loss in oil revenue over the last year, as a result of pipeline vandalism and oil theft.
Nigeria: The Making of Billionaires in Oil-Rich Nigeria – Who Is Powering Their Rise?/in /by
[Daily Trust] In periods of oil prices hovering around $100 per barrel, Nigeria scoops approximately $200 million per day in revenues from the global oil market. Who are the major beneficiaries of these proceeds?
Nigeria: Nigeria Tops African Oil Producers As OPEC’s March Output Hit 28.80mbp/in /by
[Leadership] Nigeria was Africa's top crude oil producer in March 2023, with a production capacity of 1.2 million barrels per day (bpd), even as the Organisation of Petroleum Exporting Countries(OPEC)'s total crude oil production averaged 28.80 million barrels a day in March, lower by 86,000 barrels per day month-on-month.
Nigeria: Shaming Detractors With Near Completion of $2.5bn AKK Gas Pipeline Project – NNPCL/in /by
[This Day] On Monday, the leadership of the Nigerian National Petroleum Company Limited, led by the Group Chief Executive Officer, Mele Kyari took a tour to Ahoko, a community in Kogi State to inspect the pace of work at the Ajaokuta-Kaduna-Kano gas pipeline project.
Ghana: Crude Oil Production Declines for Three Consecutive Years/in /by
[Ghanaian Times] The 2022 Public Interest and Accountability Committee (PIAC) annual report, has revealed that Ghana's crude oil production has been declining for three consecutive years.
Nigeria: Agora Report Prescribes Immediate Reforms, Urges Govt to Boost Oil Revenues/in /by
[This Day] Agora Policy, an Abuja think-tank has urged the federal government to work on boosting oil earnings, stressing that the drastic fall in oil revenue has been as a result of the double whammy of lower oil production and petrol subsidy.
Angola: Oil Exports Fall, Revenues Stand At Usd 6.9 Billion/in /by
[ANGOP] Luanda -- Angola exported 87.9 million barrels of crude oil in the first quarter of this year, valued at US$6.9 billion, 14.82 percent less compared to the previous period.
Nigeria: NNPC Dismisses Reports of Inadequate Funding for AKK Gas Pipeline Project/in /by
[Vanguard] Mele Kyari, the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), has dismissed reports claiming that the corporation failed to release funds for the Ajaokuta-Kaduna-Kano (AKK) Gas Pipeline project.
Nigeria: Halliburton Nigeria Oil Production Facility Reaches 10m Barrels Milestone/in /by
[This Day] Abuja -- Halliburton Testing and Subsea (TSS) Nigeria has celebrated two significant milestones, including an Early Production Facility (EPF) and processing of its 10 millionth barrel of oil as well as reaching the milestone with zero lost-time incident (LTI) days.