Nigeria’s oil industry is breathing a sigh of relief. After months of battling production challenges, the country has finally broken past its OPEC quota, hitting its strongest output in nearly …
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oil production
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Lagos: Shell’s landmark $5 billion Final Investment Decision (FID) for the Bonga North deepwater project is drawing commendation across the petroleum industry, with the Society of Petroleum Engineers (SPE) hailing …
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News Across the Nation
FG Targets 810,000 bpd Boost from Deepwater Oil Fields
by Toye Faleyeby Toye FaleyeAbuja: The Federal Government says it has mapped out plans to ensure an increase of about 810,000 barrels per day (bpd) of crude oil from the country’s deepwater oil fields …
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Abuja: President Bola Tinubu has reaffirmed the Federal Government’s commitment to clearing the verified outstanding debt of N4 trillion owed to power generation companies dating back to 2015, contingent upon …
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Abuja: The House of Representatives states that the enactment of the Petroleum Industry Act (PIA 2021) has yielded remarkable results, with over $ 16 billion in investment commitments and significant …
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Port Harcourt: Renaissance Africa Energy Company Limited (RAEC) has announced that it has finalised plans to launch its corporate brand, marking a defining moment for its operations in Nigeria and …
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Abuja: The Minister of Finance and Coordinating Minister for the Economy, Mr Wale Edun, said Federal Government revenue rose to N6.9 trillion in the first quarter. Edun made this known …
