Live Breaking News & Updates on எண்ணெய் வாயு திறன் வளர்ச்சி மையம்

Stay updated with breaking news from எண்ணெய் வாயு திறன் வளர்ச்சி மையம். Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.

Nigeria's oil output drops 15% to 1.5mb/d

Vanguard News
Nigeria’s oil output drops 15% to 1.5mb/d
On
By Udeme Akpan,
Energy Editor
The average Nigeria’s oil output dropped Year-on-Year, YoY, by 15 per cent to 1.5 million barrels per day, mb/d (excluding condensate), in 2020, compared to 1.7mb/d recorded in the corresponding period of 2019, according to data obtained from Organisation of Petroleum Exporting Countries, OPEC.
On Quarter-on-Quarter, QoQ, the nation’s oil output stood at an average of 1.75 mb/d in first quarter (January -March) of 2020, compared to 1.67 mb/d, recorded in the corresponding period of 2019, indicating a marginal increase of 0.05 per cent.
But it dropped to 1.52 mb/d, 1.35mb/d and 1.28 mb/d in the Second, Third and Fourth quarters of 2020, against 1.77 mb/d, 1.82 mb/d and 1.67 mb/d recorded in the corresponding period of 2019, thus showing a decrease of 14.1 per cent, 25.8 per cent and 23.4 per cent respectively during the period under review. ....

Timipre Sylva , Muhammadu Buhari , Sarki Auwalu , Udeme Akpan , National Gas , Lagos Chamber , Petroleum Resources , National Oil , National Improved Oil Recovery Centre , Data Mining Analytics Centre , Energy Vanguard , Gas Excellence Centre , National Data Repository , Gas Alternative Dispute Resolution Centre , Energy Editor , National Petroleum , Department Of Petroleum Resources , Nigeria Oil , Organisation Of Petroleum Exporting Countries , Oil Gas Competence Development Centre , Kindly Share This Story , Petroleum Exporting Countries , Federal Government , Gross Domestic Product , Bonny Light , President Muhammadu Buhari ,

FG banks on oil proceeds for sustainable development

FG banks on oil proceeds for sustainable development
vanguardngr.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from vanguardngr.com Daily Mail and Mail on Sunday newspapers.

Timipre Sylva , Muhammadu Buhari , National Gas , Excellence Centre , National Data Repository , Gas Excellence Centre , Petroleum Resources , Ministry Of Petroleum Resources , National Oil , National Improved Oil Recovery Centre , Data Mining Analytics Centre , National Petroleum , Department Of Petroleum Resources , Nigeria Oil , Surveillance Seras Command Control Centre , Oil Gas Alternative Dispute Resolution Centre , Oil Gas Competence Development Centre , President Muhammadu Buhari , President Buhari , Gas Industry , National Petroleum Policy , National Gas Policy , Economic Recovery , Growth Plan , Economic Sustainability Plan , Final Investment Decisions ,

Department of Petroleum Resources of Nigeria (via Public) / Driving Cost Efficiency, Value Optimsation in Oil Industry

01/26/2021 | Press release | Distributed by Public on 01/26/2021 01:34
Driving Cost Efficiency, Value Optimsation in Oil Industry
Efforts at addressing major challenges being faced by players in the Nigerian oil and gas industry received a major boost last week with the launch of the National Oil and Gas Excellence Centre Lagos to improve safety, optimise value and ensure cost efficiency in the industry, reports Peter Uzoho
Last week, players in the Nigerian oil and gas industry received a great relief with the eventual launch of the National Oil and Gas Excellence Centre (NOGEC) Lagos by President Muhammadu.
The integrated resource centre, whose major flagship units are domiciled at the Department of Petroleum Resources (DPR) headquarters annex, in Lagos, is a well-thought out regulatory intervention of the agency to tackle some of the major challenges being suffered in industry. ....

Nigeria General , Niger Delta , Lagos State , Delta State , Abuja Federal Capital Territory , Bayelsa State , Alhaji Lai Mohammed , Timipre Sylva , Peter Uzoho , Simbi Wabote , Mike Sangster , Ademola Adeyemi Bero , Sarki Auwalu , Bitrus Nabasu , Babajide Sanwo Olu , Mele Kyari , National Gas , National Oil , National Improved Oil Recovery Centre , Production Nigeria , Oil Producers Trade Section , Department Head , Analytics Centre , Gas Dispute Resolution Centre , Excellence Centre , Gas Excellence Centre ,