The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has said 22 recent oil block awardees are expected to contribute at least 250,000 barrels per day (bpd) to Nigeria’s crude oil production within five years. The Commission also disclosed that domestic refineries received more than 127 million barrels of Nigerian crude oil and condensate between January and …
Nigeria and Indonesia are deepening cooperation in the energy sector, with Indonesia’s state-owned oil company, Pertamina, signalling interest in investment opportunities under Nigeria’s 2026 upstream licensing round. The development followed discussions between the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) Chief Executive, Mrs. Oritsemeyiwa Eyesan; Indonesia’s Vice Minister of Foreign Affairs, Arif Havas Oegroseno; and Pertamina’s …
Nigeria’s crude oil and condensate production rose marginally to 1.68 million barrels per day (mbpd) in August 2026, as improved operations at key assets helped the country sustain its recent production gains. According to a statement signed by the spokesperson of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Eniola Akinkuotu, the August output of 1,677,777 …
Nigeria’s crude oil production fell by 5,000 barrels per day (bpd) to 1.50 million bpd in August 2026, according to the latest data from the Organisation of the Petroleum Exporting Countries (OPEC). The figure, contained in OPEC’s September 2026 Monthly Oil Market Report, showed that output declined from 1.505 million bpd in July, marking the …
The Nigeria National Petroleum Company Limited (NNPC) revenue and profit witnessed a significant decline as oil production dropped in July. NNPC’s profit after tax fell by 47.9 per cent to N279 billion in July 2026 from N535 billion in June. This was contained in the NNPC Limited Monthly Report Summary for July 2026, released on …
The new leadership of the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has pledged its commitment to work with the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) to achieve the nation's ambitious target of producing 3 million barrels of oil per day by 2030. This promise of a new era of industrial harmony …
Nigeria has maintained its oil production momentum for the third consecutive month, surpassing its Organization of Petroleum Exporting Countries, OPEC, quota despite a 4 per cent month-on-month decline in July 2026. Latest data released by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) shows that the country produced an average of 1.505 million barrels per day …
Sahara Upstream honors late executive with deployment of new vessel, cutting turnaround times and supporting production growth. In a major move to expand its marine logistics capacity, Sahara Upstream has deployed a new 380,000-barrel Medium Range (MR) crude oil tanker, the MT D Adesanya, to boost crude evacuation operations at Oil Mining Lease …
Nigeria’s daily crude oil output faces risk of decline following a declaration of force majeure by Esso Exploration & Production Nigeria Limited, an affiliate of ExxonMobil, on exports from its Erha deepwater field. Esso Exploration & Production Nigeria Limited (EEPNL) declared the force majeure due to unexpected damage to the floating buoy that supports export …
Nigeria's crude oil production reached a six-year high in June 2026, surpassing its OPEC quota for the second consecutive month and signaling a strong recovery for the nation's oil sector. The upward trend is driven by improved operational stability and declining pipeline disruptions. Latest data released by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) indicated …
