OPEC

Nigeria’s oil exports rose by 60.8% in Q3 of 2023 – OPEC

The Organisation of Petroleum Exporting Countries (OPEC) has disclosed that oil exports increased astronomically by 60.8% in the third quarter of 2023. According...

NNPCL ranks third for free cash flow generation among African oil companies by 2024 – Report

The Nigerian National Petroleum Company Limited (NNPC Ltd) has been ranked third for free cash flow generation by oil companies in Africa by...

Stop The Blackmail: Mele Kyari, NNPC Not The Problem by Tajudeen Suleiman

In an open letter to President Bola Ahmed Tinubu by one Abba Muyiwa Oseni published by some newspapers on Friday, October 6, under...

Breaking: Nigeria, Congo, Angola get OPEC nod to produce “maximally’’ to their 2023 OPEC quota

Nigeria and other OPEC and non-OPEC members at the 35th Joint Ministerial Monitoring Committee Meeting of OPEC held in Vienna, Austria, on Sunday have...

Nigeria’s crude output to hit OPEC’s 1.8m barrels per day — Kyari, says NNPC is winning oil theft war, combating crude losses

Nigeria’s crude oil production output is steadily growing and it is expected to hit the 1.8 million barrels per day OPEC quota, according...

Nigeria has capacity to meet OPEC quota- NUPRC boss

“Our projection is that we can hit over two million barrels and surpass our OPEC quota” The Chief Executive Officer of Nigerian Upstream...

Opec agrees to cut output by 2 million bpd

The 23-member Opec+ alliance agreed to slash its November output by 2 million barrels per day on Wednesday, Persecondnews.com gathered. The decision was made...

Oil prices post first quarterly loss ahead of OPEC + meeting

Global oil prices posted their first quarterly loss in two years at the end of a volatile trading week on Friday, as investors...

NNPC deploys state-of-the-art surveillance technology, tracks crude oil theft, vandalism

As Nigeria continues to grapple with crude oil theft and pipeline vandalism with its attendant effects on the economy, the Nigerian National Petroleum...

Kuwait raises oil production to 2.81 million barrels per day to meet growing demand

Kuwait has increased its crude oil production in line with the Opec+ output accord to meet growing demand, Deputy Prime Minister and Minister...

Just in: OPEC Secretary-General, Nigeria’s Muhammad Barkindo is dead

Barely 12 hours after paying a visit to President Muhammadu Buhari in Abuja, the Secretary General of the Organisation of Petroleum Exporting Countries...

Nigeria-Morocco Gas Pipeline project: Russia, OPEC, others to invest — Sylva

The Organization of the Petroleum Exporting Countries (OPEC), Russia and others have showed interest in the Nigeria-Morocco Gas Pipeline project, according to the...

NIES 2022: Wunti Bags Ministerial Award for Outstanding Performance

  The Group General Manager, National Petroleum Investment Management Services (NAPIMS), Engr. Bala Wunti, has been honoured with Ministerial Award for Outstanding Performance...

Oil prices near $80 as US set to release 50mn barrels of oil to ease energy costs

Oil prices steadied near $80 a barrel on Tuesday after the United States announced plans to release up to 50 million barrels of...

Africa’s top crude oil producer: Libya overtakes Nigeria

    With Libya’s oil production rising to 1.24 million bpd in October,  it appears the North Africa country has overtaken Nigeria as Africa’s...

We are committed to reducing oil production cost to $10 per barrel – NNPC

    For the umpteenth time, the Nigerian National Petroleum Corporation (NNPC) has restated its commitment to paring down the unit cost of...