…Despite holding Africa’s top exporter status Nigeria’s crude oil production averaged 1.468 million barrels per day (mbpd) in the first quarter of 2025, falling significantly short of the 2 mbpd target outlined in the federal budget. This information is detailed…
The Federal Government on Wednesday directed the management of the Nigerian National Petroleum Company Ltd. (NNPCL) to increase oil production beyond current levels by the end of the year. Mr Heineken Lokpobiri, the Minister of State for Petroleum Resources (Oil),…
The Concerned Energy Professionals in the Niger Delta (CEPND) have called for a revision of the Petroleum Industry Act (PIA) to enhance sustainability for host communities and attract greater investment for both the federal and state governments. In a statement…
By Seun Ibiyemi Leaders from Nigeria’s oil and gas sector, both public and private, gathered at the inaugural Petroleum Industry Leadership Dialogue hosted by Heirs Energies in Abuja. The forum, held at the Transcorp Hilton, focused on accelerating Nigeria’s crude…
Heirs Energies is set to convene the 2025 Heirs Energies Leadership Forum: Industry Leaders Discourse (ILD). Convened by Tony O. Elumelu, Chairman of Heirs Energies, the 2025 Heirs Energies Leadership Forum will bring together government decision-makers, global energy CEOs, and…
By Seun Ibiyemi The Organisation of Petroleum Exporting Countries (OPEC), has said that Nigeria’s average daily crude oil production has increased significantly to 1.539 million Barrels Per Day (bpd) in January. The country for the first time, met the…
In a landmark development for Nigeria’s oil and gas sector, Oriental Energy Resources Limited has launched a $315 million Floating Production, Storage, and Offloading (FPSO) vessel, designed to significantly boost the nation’s crude oil production. The FPSO vessel, with a…
Following the skepticism that has trailed the Nigerian National Petroleum Company Limited (NNPC Ltd) recent announcement of a 1.8mbpd increase in the nation’s crude production, the company has clarified the metrics used to announce the figures it disclosed to the…
Nigeria’s oil production has soared to 1.8million barrels per day (mbpd) surpassing the 1.5mbpd (Organisation of Petroleum Exporting Countries) quota. This was disclosed by the Nigerian National Petroleum Company Limited (NNPC Ltd.) at a press briefing in Abuja yesterday. According…
The Minister of State for Petroleum Resources, Senator Heineken Lokpobiri, has commended the progress of work on the Floating Production Storage and Offloading facility in Lagos, a joint venture between Nigerian National Petroleum Company Limited. and Century Nigeria Limited, in…
