Oil and gas workers under the umbrella of the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) have embarked on an industrial action on Monday, as directed by the union earlier on Sunday. PENGASSAN had on Sunday directed a nationwide strike, instructing all its members in various offices, companies, institutions, and agencies to…
Nigeria’s upstream oil sector has recorded a year-on-year output increase, averaging 1.63 million barrels per day (bopd) of crude oil and condensates in August 2025, This represents an improvement from 1.58 million barrels of oil per day (bopd) in the same period in 2024, according to the Crude Oil and Condensate Production for August 2025…
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has revealed that President Bola Tinubu’s renewed hope competitive reform agenda has delivered 28 Field Development Plans (FDPs) with 18.2 billion dollars worth of investment commitments in the Nigerian oil sector The Commission Chief Executive, Mr Gbenga Komolafe disclosed this on Tuesday at the Africa Oil Week, held…
Nigeria has achieved a rare energy milestone as gas flaring fell to 7.16 per cent in July, despite an increase in daily gas production to 7.59 billion standard cubic feet per day (BSCFD), the Nigerian Upstream Regulatory Commission (NUPRC) has said. The NUPRC, in a statement on Saturday, said the simultaneous growth in output and…
Nigeria’s active crude oil rigs have increased from 44 last week to 46, according to the Nigerian Upstream Petroleum Regulatory Commission (NUPRC). This growth reflects ongoing efforts to boost the country’s oil production capacity and attract greater investment into the sector. NUPRC Chief Executive Gbenga Komolafe announced this development during a recent workshop for media…