Oil Production

The Federal Government expects the 2025 Licensing Round to deliver an additional 300,000 barrels per day of crude oil and condensate production within the next three years. The projected increase is expected to support Nigeria's goal of…

The Nigerian National Petroleum Company Limited (NNPC) reported lower earnings in May 2026, even as crude oil and natural gas production remained largely stable. According to the company’s latest Monthly Report Summary, NNPC revenue fell…

The Nigerian National Petroleum Company Limited reported strong financial growth in April, driven by higher revenue, increased profit, and improved oil output. The Nigerian National Petroleum Company Limited (NNPC) recorded a…

The Nigerian National Petroleum Company Limited (NNPC Ltd) has reported an increase in Nigeria’s crude oil and natural gas production for January 2026, even as the company’s overall revenue dropped sharply during the same period. Details…

Oil production in Iraq has dropped sharply as the country struggles to export crude through the Strait of Hormuz amid the ongoing regional conflict involving Iran, industry sources said on Sunday. According to three officials familiar with…

PetroChina Co., the country’s biggest oil and gas producer, said profits rose 2% last year as increased production offset lower energy prices and a weaker performance from its refining operations. Net income climbed to 164.7 billion yuan…

Nigeria's oil production output is to be shortened by 10,000 barrels per day owing to the explosion on the production facility in Oil Mining Lease (OML) 40 involving Elcrest Exploration and Production Nigeria Limited and the Nigerian…