The cost of producing crude oil in Nigeria has risen to about $40 per barrel, according to a report by the Nigerian Upstream Petroleum Regulatory Commission.
The Nigerian government is in talks with local communities to restart oil production in a region that's previously suffered ...
Al Jazeera meets people in Nigeria struggling with devastation caused by oil production and angry about failed clean-up ...
CBN Governor Cardoso says the Naira’s stability and FX reforms have bolstered investor confidence and ensured competitive ...
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As Nigeria’s crude output recovers from years of decline, the country is ready to negotiate a higher oil production quota with the Organisation of Petroleum Exporting Countries (OPEC). This strategic ...
Investing.com--Oil prices rose slightly Thursday, bouncing to a degree after the recent downturn as traders braced for higher US production and possible disruption to trade under the new Trump ...
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 Organisation of Petroleum Exporting Countries (OPEC) says Nigeria’s average daily crude oil production dropped marginally to 1.485 million barrels per day (bpd) in December 2024. In its ...
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 ...
adding that this bold production target aims to position Nigeria as a more competitive and sustainable player in the global oil and gas industry.
NIGERIA’s crude oil production has not improved in the last four years despite the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) doubling the country’s oil rig count to 32. The NUPRC chief ...