Browsing Tag

Nigeria oil production

2021 IN REVIEW: Four force majeures that shut down Nigeria’s oil production in 2021

Jamiu Tajudeen Dec 28, 2021 0

Nigeria’s struggles to stem falling oil production suffered four major force majeure in 2021. They happened for different reasons including technical problems, operational issues, and…

LEAD STORY

Nigeria’s oil GDP hits lowest since 2016 as OPEC cut pain, lack of reforms bite…

Oladehinde Oladipo Nov 21, 2020 0

A combination of higher Organisation of Petroleum Exporting Countries’ (OPEC) cut and perennial challenges due to lack of reforms has sent Nigeria’s oil GDP to -13.89 percent, the lowest…

Exclusives

Why Nigeria’s oil production cost of $22 per barrel is no cheer

DIPO OLADEHINDE Jan 7, 2019 0

The New Year day news of Africa’s largest producing country reducing its cost of producing oil leaves little to cheer as further investigation shows it’s much cheaper to produce crude oil in…

FG to earn $5.60bn in taxes, royalties on Shlumberger oil deals

HARRISON EDEH, ABUJA Jul 2, 2018 0

Group managing director of NNPC, Maikanti Baru Federal Government will earn in the region of $5.60 billion in taxes and royalties as a result of concluded plans on joint venture agreement…

Forcados reinstates Nigeria as Africa’s top oil producer

LOLADE AKINMURELE Jun 16, 2017 0

Nigeria's oil production has surpassed that of Angola, the latest data from the Organisation of Petroleum Exporting Countries has shown (OPEC). Nigeria recorded the biggest increase in…