Tag: oil production

OPEC+ Approves 137,000-Barrel Output Hike as Oil Prices Slide on Oversupply Fears

Tullow Oil Reports Mid-Year Reserves Decline Amid Strong Prospects for Ghana Fields

Nigeria’s economy has posted its strongest expansion in nearly four years, recording a 4.23 percent year-on-year growth rate in the second quarter of 2025. The performance was driven by higher ...

Ghana, Eni, Vitol, and GNPC Seal Landmark Energy Pact to Boost Oil and Gas Production

TotalEnergies boosts Angola’s oil output with the launch of BEGONIA and CLOV Phase 3

NNPC Ltd plans to boost crude oil production to 1.9 million bpd by year-end, says GCEO Bashir Ojulari during board inauguration.

Tullow Ghana launches a two-year drilling campaign in the Jubilee Field to enhance crude oil

The decision, confirmed during OPEC+’s latest meeting, signals a shift in strategy amid concerns over weak oil prices and slowing global demand.

“The transfer of ownership from IOCs to Nigerian firms would lead to increased output. Divestment is a global industry practice.

“Internal demand in these countries, because of demographic growth, is increasing at about 7%-8% every year... this means they need gas, they need investment.”