There are indications that increased deployment of oil rigs in Nigeria has not translated into corresponding rise in crude oil production.
August 24, 2026
Output drops 20.8% in five mature assets — Report
Nigeria’s influence within OPEC+ declines
We are committed to optimising output — Renaissance, Eni
Bad omen requiring urgent steps — Experts
The active oil and gas rig count rose by 42 percent in May, increasing from 12 rigs in April to 17, while crude oil production…
Nigeria’s daily oil production declined by four per cent in July 2026, to 1.67 million barrels per day (mbpd) from 1.74mbpd…
Nigeria's crude production reached a 74-month high last month, authorities said over the weekend, hitting an average of 1.56…
Nigeria’s crude oil production fell by 37,000 barrels per day (bpd) in July, interrupting a recovery in output recorded in the…
Nigeria's crude oil production rose to its highest level in more than six years in June, as stable operations and improved…
The decline, based on secondary sources cited by OPEC, represents a 2.3 per cent month-on-month reduction in the country’s crude…
