oil production

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    Business OPEC Exempts Nigeria, 2 Other Countries From Reducing Oil Production

    Organization of Petroleum Exporting Countries, OPEC, have exempted Nigeria, Iran and Libya from cutting production output given the peculiar internal challenges they found themselves. It also agreed to commence the reduction of its members’ production output to about 740, 000 barrels per day...
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    Business Nigeria Begins Search For Oil in Northern Region [See PHOTOS]

    Barely two weeks after the group Managing Director of NNPC, Maikanti Baru, disclosed that President Buhari had ordered the corporation to intensify its search for oil in the North East region, oil explorers and their machines have landed the region and are currently searching for oil. Also...
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    Business Nigeria's Oil Output Drops to 20-Years Low as Chevron Shuts Down Operation

    Oil disruption that has pushed production to the lowest in 20 years, as attacks against facilities in the country increase in number. According to Bloomberg, Chevron Corporation said on Friday it had shut down about 90,000 barrels a day of output following an attack on an offshore platform that...
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