Oil and gas news nigeria today
Here are some recent oil and gas news from Nigeria:
1. Nigeria's Oil Production Hits 1.9 Million Barrels Per Day
Nigeria's oil production has increased to 1.9 million barrels per day (mb/d), according to the Nigerian National Petroleum Corporation (NNPC). This is an increase of 100,000 barrels per day compared to the previous month. (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 is expected to boost the country's oil production and improve the country's energy infrastructure. (Source: This Day)
3. Nigeria's Gas Flaring Reduction Hits 70%
Nigeria has achieved a significant reduction in gas flaring, with the country's gas flaring rate now standing at 70%. The reduction is a result of efforts by the government and oil companies to reduce gas flaring and increase gas utilization. (Source: The Guardian)
4. NNPC to Increase Fuel Supply to Address Shortage
The Nigerian National Petroleum Corporation (NNPC) has announced plans to increase fuel supply to address the current fuel shortage in the country. The corporation has also assured that it is working to resolve the issue of fuel scarcity. (Source: Punch)
5. Nigeria's Oil Exports Fall by 12% in January
Nigeria's oil exports fell by 12% in January compared to the previous month, according to data from the Organization of the Petroleum Exporting Countries (OPEC). The decline was attributed to maintenance work on some oil facilities. (Source: Bloomberg)
6. Chevron to Invest $1 Billion in Nigeria's Oil and Gas Sector
Chevron has announced plans to invest $1 billion in Nigeria's oil and gas sector over the next three years. The investment is expected to boost the country's oil production and improve the country's energy infrastructure. (Source: Leadership)
7. Nigeria's Oil and Gas Sector to Create 1 Million Jobs
The Nigerian oil and gas sector is expected to create 1 million jobs in the next five years, according to the Nigerian National Petroleum Corporation (NNPC). The sector is also expected to contribute significantly to the country's GDP. (Source: Daily Trust)
8. Nigeria's Gas Pipeline Project to Be Completed in 2023
The Nigerian Gas Pipeline Project, which aims to transport gas from the Niger Delta to other parts of the country, is expected to be completed in 2023. The project is expected to boost the country's gas supply and reduce gas flaring. (Source: The Nation)
9. Nigeria's Oil and Gas Sector to Benefit from $1.5 Billion Investment
The Nigerian oil and gas sector is expected to benefit from a $1.5 billion investment from the African Development Bank (AfDB). The investment is expected to boost the country's oil production and improve the country's energy infrastructure. (Source: Premium Times)
10. Nigeria's Oil and Gas Sector to Contribute 10% to GDP
The Nigerian oil and gas sector is expected to contribute 10% to the country's GDP by 2025, according to the Nigerian National Petroleum Corporation (NNPC). The sector is also expected to create jobs and stimulate economic growth. (Source: BusinessDay)