The Nigeria Extractive Industries Transparency Initiative has disclosed that as of August 2024, operators in the oil and gas sector are collectively indebted to the Federal Government, with ...

ABUJA: The Nigeria Extractive Industries Transparency Initiative -NEITI has renewed its call for the urgent and comprehensive reform of the Nigerian solid minerals sector. The Executive Secretary of ...

The Nigerian Extractive Industries Transparency Initiative (NEITI) has urged the Nigerian National Petroleum Company Limited ...

The alliance last month put off increasing oil production as it faces weaker than expected demand and competing production from non-allied countries. Trump made similar calls on OPEC+ this week ...

The Nigeria Extractive Industries Transparency Initiative, NEITI, has expressed its full support for the 2024 Tax Reform Bill currently before the National Assembly. According to NEITI ...

The average KGD6 Production for the 3Q FY25 is 28.04 MMSCMD of gas and 21,000 bbl / day of Oil / Condensate. The current rate of production is ~27.9 MMSCMD of gas and ~ 20,700 bbl / day of Oil ...

BP at one point pledged to cut oil and gas production by 40% by 2030. But it was forced to review the decision after rising costs and lower-than-expected returns. It has since said it would return ...

The chief executive stated that the increase in rig count reflects ongoing efforts to boost upstream activities and enhance the country’s crude oil production capacity. A statement by the NUPRC ...

This boost is a welcome development for the country, which has been working to improve its oil production. It’s worth noting that Nigeria’s oil production has been fluctuating over the years. Related ...

In its latest oil production data, however, NUPRC indicated that on a MoM basis, daily average oil output in December 2024, declined by 1.35 per cent from 1.690 million bpd recorded in November ...

leading to stronger naphtha production.” Once fully operational, the $20 billion Dangote refinery will have the capacity to refine an impressive 650,000 barrels of crude oil daily, making it a ...

Oil giant BP is to cut about 4,700 staff, more than 5% of its total workforce, as part of its plans to cut costs. The British firm, which has a global workforce of about 90,000 people, confirmed ...