The federal government on Friday said it is targeting 2 million barrels per day (bdp) of crude oil production by the end of the year.

Heineken Lokpobiri, Minister of State for Petroleum Resources (oil), disclosed this in a meeting with energy reporters in Abuja.

Last month, the Organisation of Petroleum Exporting Countries OPEC said Nigeria’s crude oil production climbed to 1,269 million barrels per day in August 2023  from 1,171 million in July 2023.… Read the rest

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC), has granted RusselSmith approval to deploy its industrial non-metallic additive manufacturing solution in the Nigerian oil and gas industry.

The Commission Chief Executive (CCE), Mr Gbenga Komolafe, who disclosed this on Saturday in Lagos, said that the additive manufacturing solution from RusselSmith utilises advanced 3D printing technology.

The News Agency of Nigeria (NAN) reports that RusselSmith is an integrated energy solutions provider with a focus on technology solutions for asset integrity management, oilfield management, smart manufacturing and sustainable energy.… Read the rest

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has constituted a committee to address issues bordering on inactive crude oil blocks in order to reverse the trend.

Dr Kelechi Ofoegbu, Executive Commissioner, Economic Regulation and Strategic Planning, NUPRC, made this known at its Consultation Forum on Friday in Abuja.

The committee, he said would adopt holistic measures to reverse trend of the 23 failed oil blocks being managed by oil companies under the Production Sharing Contracts (PSC) with Nigerian National Petroleum Company (NNPC) Limited.… Read the rest