80% of oil production don’t make it to the terminals due to oil theft – Austin Avuru
Austin Avuru, founding MD/CEO of Seplat Energy has warned that Nigeria’s oil production has reached an emergency critical status.
Tag: crude oil production
Nigeria’s crude oil production rises by 50,000 BPD in a month
Nigeria’s crude oil production grew by 50,000BPD in a month, from 1.41 million barrels a day average in December 2021 ...
Naira falls at official window as external reserves slumps to record low
Naira appreciated at the parallel market to close at N502/$1 on Wednesday, compared to N505/$1 recorded on the previous day.
Oil Bears have a Joker: Libya
OPEC decided to exempt Libya from its oil production cuts due to the production lost through conflicts and its closure ...
Defiant Seplat books N42.4 billion loss as crude oil prices force new strategy
A cursory view of the financial statement shows that the company booked N47.5 billion in impairments, as the company decided ...
The dangling fate of indigenous oil upstream operators
What is good for the goose is therefore equally suitable for the gander. It is crucial that the government urgently ...
Uncertainty over Nigeria’s oil export plans for May and June
NNPC has deferred disclosing its future oil export plans, as it tries to keep up with its own share of ...
NNPC to maintain crude oil production cut amidst bearish market trend
The Nigerian National Petroleum Corporation (NNPC) will maintain its crude oil production cut despite the recent bearish trend in the global ...
Saudi Arabia is OPEC’s bull, as oil price tops $70 for first time in 5 months
Brent oil prices rose, as expectations of tight global supply outweighed pressure from rising U.S. production and less robust global ...
The Niger Delta militants may resume hostilities soon
Nigeria’s Niger Delta region may turn volatile again going by threats from a newly formed militant group. The group by ...
