The Organisation of Petroleum Exporting Countries (OPEC) has reported that Nigeria’s rig count increased by 20.8 per cent Year-on-Year (YoY), to 29 in the third quarter of this year from the 24 rigs recorded in the corresponding period of last year. Rig count is a global index for measuring activities in the upstream sector of […]
The Organisation of the Petroleum Exporting Countries (OPEC) has reported that Nigeria’s crude oil production averaged 1.451 million barrels per day in September 2021. The oil cartel in its Oil Market Report for October 2021 sourced on Wednesday indicated that the figure represented an increment of 156 barrels per day over the 1.296 million barrels […]