NNPC Ltd, Partner Pump 12,000bpd from Awoba Unit FieldÂ
Keen on optimising production from the nation’s hydrocarbon assets to boost revenues and meet the nation’s OPEC production quota, the Nigerian National Petroleum Company Limited (NNPC Ltd) and its Joint…
OPEC woos Namibia as African nation prepares to produce from 2030
April 16, 2024 The OPEC+ oil producers group, having lost Angola and other players in recent years, is eyeing Namibia for possible membership as it sets up what could be…
OPEC+ unlikely to change output policy before June meeting
March 27, 2024 OPEC+ is unlikely to make any oil output policy changes until a full ministerial gathering in June, three OPEC+ sources told Reuters ahead of next week’s gathering…
Oil mergers, clean fuels vie for attention at CERAWeek energy conference
March 18, 2024 Top oil executives and ministers descend on Houston this week for one of the world’s biggest energy conferences emboldened by blockbuster mergers, stable oil prices and less…
Nigeria crude production hits 1.476mbp/d, highest in 3 years
Nigeria’s oil production is steadily rising, hitting 1.476 million barrels per day (bpd) in February, the highest in more than three years, OPEC data showed, as the military and private…
IEA again raises oil demand outlook but still lags OPEC
March 14, 2024 The International Energy Agency raised its view for oil demand growth by 110,000 barrels per day (bpd) from its previous month’s forecast as Houthi attacks disrupt Red…
OPEC says IEA commentary on oil security encouraging
March 13, 2024 Oil producer group OPEC said on Wednesday it was encouraged by a commentary from the International Energy Agency (IEA) which underscores the importance of oil security, while…
Nigeria’s Crude Oil Production For February Drops By 7.94% – OPEC
March 13, 2024 The Organisation of Petroleum Exporting Countries(OPEC) said Nigeria’s crude oil production month-on-month dropped by 7.94% to 1.322 million barrels per day, bpd in February 2024, from 1.427…
OPEC, IEA at most divided on oil demand since at least 2008
March 11, 2024 Producer group OPEC and the International Energy Agency, the world’s most closely watched forecasters of oil demand growth, are further apart than they have been for at…
Oil industry needs $14trn investment in the next 21 years to meet global demand – OPEC
Feb. 29, 2024 The Organisation of the Petroleum Exporting Countries (OPEC) says the oil industry will require about 14 trillion dollars investment from now to 2045, to meet global demand….