oil production

OPEC Secretary General Haitham Al Ghais has called for an investment of $17.4 trillion to support the oil industry. During his visit to Tehran on February 5, Al Ghais highlighted…

OPEC+ is grappling with a complex dilemma as it convenes this week to discuss the future of its production cuts. The alliance, which includes both OPEC and non-OPEC oil producers,…

Elder statesman and businessman Morrison Olori has praised President Bola Tinubu’s efforts to increase Nigeria’s daily crude oil production, highlighting the positive outcomes of his leadership. Speaking in Abuja, Olori,…

Long before the discovery of its vast offshore oil reserves in 2015, Guyana had established itself as a global advocate for decarbonization through its Low Carbon Development Strategy (LCDS) 2030.…

In a significant development, Exxon Mobil Corp. announced that it had surpassed 500 million barrels of oil production from Guyana’s offshore Stabroek block, just five years after the commencement of…

OPEC+ has limited flexibility to reverse its ongoing oil production cuts, which have inadvertently spurred increased supply from the U.S. shale industry, according to Afshin Javan, Iran’s representative to the…

The Nigerian National Petroleum Company Limited (NNPC Ltd.) has issued a statement to clarify that there is no discrepancy between its reported crude oil production figures and those provided by…

The Organization of the Petroleum Exporting Countries (OPEC) and the Russian Federation convened today for the Ninth High-level Meeting of the OPEC-Russia Energy Dialogue. Co-chaired by Alexander Novak, Deputy Prime…

The Nigerian National Petroleum Company Limited (NNPC Ltd.) has officially introduced its latest crude oil grade, the Utapate crude oil blend, to the international market. This announcement, made at the…

Former Niger Delta militant leader and Chief Executive Officer of Tantita Security Services Limited, Government Ekpemupolo, popularly known as Tompolo, has accused the Nigerian Navy of complicity in oil theft…