Eni, the parent company of Nigerian Agip Oil Company (NAOC), said the oil firm’s production had been cut short by 65,000 barrels per day following Friday’s attack on its pipeline in Bayelsa. News Agency of Nigeria recalls that earlier attacks in the oilfield on May 18 and 24 resulted in shutdown of some 5,200 barrels of […]
Read More
Nigeria’s crude oil production has fallen by almost 40 per cent to 1.4 million barrels per day due to militant attacks on facilities in the Niger Delta. The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, stated this on Monday while addressing members of the House of Representatives, who summoned him to explain why […]
Read More
Twenty years after it was discovered, the Aje field located in Oil Mining Lease 113 has achieved its first oil, putting Lagos on the list of oil-producing states in the country. According to Punchng, The milestone is coming after several missed targets for the achievement of first oil, the latest being March this year. Yinka […]
Read More
NIGERIA’S President Muhammadu Buhari yesterday said as part of measures to reposition the nation’s oil industry, the government has started the process of reducing production costs and encouraging exploration so as to attain a production level of about 2.8 million barrel per day (mbpd). According to The Nation, Represented by Vice President Yemi Osinbajo at […]
Read More
