Upstream

Nigeria’s deepwater assets hold the country’s lifewire in the oil and gas sector having accounted for 40.47 per cent of the total production of 2.1 million barrels per day (bpd). The country’s first deepwater well was completed in 1998,…
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-By Gideon Osaka The largest oil companies are playing an increasingly dominant role in high impact exploration but performance was down in 2018, limited by a lack of depth in the quality of global drilling opportunities, according to…
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The Forcados terminal operated by Shell Petroleum and Development Company, SPDC, has been losing 35, 000 barrels per day of crude oil export for over one year now. According to the Nigerian National Petroleum Corporation, NNPC’s monthly…
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NNPC’s team deserts site  over insecurity Over N727 billion invested in Chad Basin’s oil search is trapped, as the exploration is stalled, New Telegraph has learnt. The team of explorationists and geologist from Nigeria National…
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Multinational oil giant, Shell Petroleum Development Company Limited (SPDC), has declared that despite pressure from some quarters, it has no intention to resume oil and gas exploration activities in Ogoniland of Rivers State. This is…
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-By Yange Ikyaa Oil production from Nigeria’s deepwater province is currently 850,000 barrels per day, representing 40.47 per cent of the total production of 2.1 million barrels per day.The Director, Department of Petroleum…
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The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, has warned that Nigeria is facing stiff competition from new oil and gas discoveries in Africa and the world. Owing to this, the NNPC…
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Nigeria plans to double oil production and triple its refining capacity within six years, reviving previous pledges that turned out to be too ambitious. The OPEC member is looking to pump 4 million barrels a day by 2025 and increase…
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An oil company in Nigeria, Aiteo Oil Exploration and Production Company is declaring a “force majeure” shutdown after a fire. The temporary closure is expected to cut Nigeria’s oil production by about 8 percent per day. Aiteo Oil…
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The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu has said that the country cannot afford to halt crude oil production as a result of disagreements between host communities and oil operators. Kachikwu warned that…
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