Tag: oil production
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Achieving 1.8mbpd by 2026: Ojulari outlines Nigeria’s oil roadmap
Nigeria’s oil ambition gains traction Nigeria’s energy leadership is signaling renewed confidence in a higher oil output trajectory. Bashir Bayo Ojulari, the Group Chief Executive Officer of the Nigerian National Petroleum Company (NNPC), has asserted that an oil production benchmark of 1.8 million barrels per day (mbpd) by 2026 is achievable. This projection sits at…
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Nigerian Oil Outlook: 1.8 mbpd Benchmark for 2026 Within Reach, Ojulari Says
Overview: Gearing Up for a 1.8 mbpd Benchmark by 2026 In a notable briefing, Bashir Bayo Ojulari, the Group Chief Executive Officer of the Nigerian National Petroleum Company (NNPC) Limited, outlined an optimistic trajectory for Nigeria’s oil industry. He asserted that a benchmark of 1.8 million barrels per day (mbpd) for oil output by 2026…
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Baker Hughes to Modernize Kuwait Oil Company Fields with Advanced Artificial Lift Solutions
Overview of the Collaboration Baker Hughes has announced a strategic package of advanced artificial lift solutions designed to boost production in Kuwait Oil Company (KOC) fields. Building on prior milestones, the agreement centers on integrating Leucipa, the company’s cutting-edge production solution, with FusionPro, a sophisticated control and optimization platform. This combination aims to optimize electric…
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Trump’s Push for US Energy Prompts New Oil Drilling Plans
Background: A renewed push for offshore drilling The Trump administration moved forward with a plan to expand oil exploration off the coasts of California and Florida, marking a significant shift in U.S. energy policy after years of restrictions in sensitive areas. Officials say the initiative is aimed at boosting domestic oil production, lowering energy costs,…
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2026 Budget Aims to Reverse Oil Production Slide with $3.5B in New Investments
Overview: A clear pivot to revive oil output The government has outlined a proactive budget plan designed to halt a half-decade decline in the country’s oil production. Central to the strategy is more than US$3.5 billion in fresh investment commitments, aimed at accelerating exploration, development, and offshore drilling through the national oil company (NOC). Officials…