Nigeria oil news

Here are some recent news updates on the oil industry in Nigeria:

1. Nigeria's Oil Production Hits 1.9 Million Barrels per Day

According to the Nigerian National Petroleum Corporation (NNPC), the country's oil production has increased to 1.9 million barrels per day (mb/d) in August 2022, up from 1.7 mb/d in July. This is due to the efforts of the NNPC and its partners to boost production and meet domestic demand. (Source: Vanguard)

2. Shell to Invest $15 Billion in Nigeria's Oil and Gas Sector

Royal Dutch Shell has announced plans to invest $15 billion in Nigeria's oil and gas sector over the next five years. The investment will focus on increasing oil production, improving infrastructure, and developing new fields. (Source: This Day)

3. Nigeria's Oil Exports Fall Due to Pipeline Vandalism

Nigeria's oil exports have fallen by 10% due to pipeline vandalism and theft. The country's oil production has been affected by the attacks on pipelines, which have resulted in the loss of millions of dollars in revenue. (Source: Premium Times)

4. NNPC to Invest in Renewable Energy

The Nigerian National Petroleum Corporation (NNPC) has announced plans to invest in renewable energy as part of its efforts to diversify the country's energy mix. The corporation plans to invest in solar, wind, and hydroelectric power to reduce its reliance on fossil fuels. (Source: Leadership)

5. Nigeria's Oil Revenue Falls by 20%

Nigeria's oil revenue has fallen by 20% due to the decline in global oil prices and the impact of the COVID-19 pandemic on the global economy. The country's oil revenue has been affected by the decline in oil prices, which has reduced the country's revenue from oil exports. (Source: The Guardian)

6. ExxonMobil to Invest in Nigeria's Oil and Gas Sector

ExxonMobil has announced plans to invest in Nigeria's oil and gas sector, with a focus on increasing oil production and improving infrastructure. The company has been operating in Nigeria for over 50 years and has a significant presence in the country. (Source: BusinessDay)

7. Nigeria's Oil and Gas Industry Faces Challenges

Nigeria's oil and gas industry is facing several challenges, including pipeline vandalism, theft, and corruption. The industry is also facing competition from other oil-producing countries, which has reduced the country's market share. (Source: The Punch)

8. NNPC to Increase Oil Production

The Nigerian National Petroleum Corporation (NNPC) has announced plans to increase oil production to 2.5 mb/d by 2025. The corporation plans to achieve this through the development of new fields and the improvement of existing infrastructure. (Source: Daily Trust)

9. Nigeria's Oil and Gas Industry to Create Jobs

Nigeria's oil and gas industry is expected to create thousands of jobs in the coming years. The industry is a major employer in the country and is expected to continue to create jobs as it grows and develops. (Source: The Nation)

10. Nigeria's Oil and Gas Industry to Diversify

Nigeria's oil and gas industry is expected to diversify in the coming years, with a focus on increasing production of natural gas and other petroleum products. The industry is also expected to invest in renewable energy and other alternative energy sources. (Source: BusinessDay)

I hope these news updates are helpful!