ADVERTISEMENT
  • About Us
  • Advertise
  • Contact Us
  • Privacy Policy
Thursday, August 20, 2026
NewsOnline Nigeria
  • Headlines
  • Top Stories
  • Politics
  • Crime Watch
  • Entertainment
  • Sports
No Result
View All Result
  • Headlines
  • Top Stories
  • Politics
  • Crime Watch
  • Entertainment
  • Sports
No Result
View All Result
NewsOnline Nigeria
No Result
View All Result
  • Headlines
  • Top Stories
  • Politics
  • Crime Watch
  • Entertainment
  • Sports
ADVERTISEMENT
Home Economy And Business

PENGASSAN Strike Cut Nigeria’s Oil Output by 283,000 Barrels Per Day – NNPCL

“Significant revenue losses are projected at current deferment levels, driven by missed liftings and gas sales. Cashflow pressures are immediate and compounding,” Ojulari stated.

by NewsOnline Nigeria
October 3, 2025
in Economy And Business, Top Stories
0
NNPCL

NNPCL

NNPCL has reveaed how PENGASSAN strike cut Nigeria’s oil output by 283,000 barrels per day.

NewsOnline Nigeria reports that the Nigerian National Petroleum Company Limited (NNPCL) has disclosed that the recent nationwide strike by the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) caused a sharp decline in Nigeria’s oil and gas production, with ripple effects on power supply.

According to NNPCL, the industrial action led to an immediate reduction of about 283,000 barrels of crude oil per day representing roughly 16% of national output alongside a drop of 1.7 billion standard cubic feet per day in gas production, which in turn knocked out over 1,200 megawatts of power generation.

ALSO: EFCC Witness Details How Darius Ishaku Directed Cash Withdrawals, Transfers in N27bn Fraud Trial

 

In a letter dated September 29, 2025, addressed to regulators, NNPCL’s Group Chief Executive Officer, Bayo Ojulari, warned that the disruptions had resulted in “significant production deferments” and projected heavy revenue losses from missed crude liftings and reduced gas sales.

“Significant revenue losses are projected at current deferment levels, driven by missed liftings and gas sales. Cashflow pressures are immediate and compounding,” Ojulari stated.

He added that while NNPCL had activated business continuity plans, deploying non-union staff to manage operations where possible, the impact extended beyond the Dangote Refinery and posed “systemic risks” to the wider economy, personnel safety, and national energy security.

“Within the first 24 hours of the strike, production deferments stood at approximately 283 kbopd of oil, 1.7 bscfd of gas, and over 1,200 MW of power generation impaction,” Ojulari explained.

NNPCL has continued engagement with operating partners and stakeholders to strengthen security and emergency response protocols, while warning that prolonged industrial action could escalate risks to Nigeria’s overall energy stability.

Previous Post

Trump Gives Hamas Sunday Deadline to Accept Gaza Peace Plan, Warns of “All Hell”

Next Post

BREAKING: CBN Moves to Take Full Control of Nigeria’s Fixed Income Market

Next Post
OMO Market

BREAKING: CBN Moves to Take Full Control of Nigeria’s Fixed Income Market

Trending Stories

NNPCL

PENGASSAN Strike Cut Nigeria’s Oil Output by 283,000 Barrels Per Day – NNPCL

Ann Mbene, founder and weight loss consultant at HueBeautyGlam

Ann Mbene On Breaking The Weight Loss Stigma in Nigeria

Canada

Canada Invites 1,000 Express Entry Candidates to Apply for Permanent Residence

Abel Enitan

BREAKING: Tinubu Appoints Abel Enitan as New Head of Civil Service of the Federation

Baltasar Engonga Wife Video Knacking Another Man

Watch Full Baltasar Engonga Wife Video Knacking Another Man [#BaltasarEngonga]

FG ₦50m Loan to Build

How To Apply For FG ₦50m Loan to Build, Buy House at 6% Interest

NELFUND Student Loans

Tinubu Directs EFCC Recoveries, Unclaimed Dividends to Fund NELFUND Student Loans

Onaiyekan

Onaiyekan Defies Presidency, Says ‘I’m Not Afraid of Anybody’ Over Tinubu Meeting Remarks

Osasikemwen Ighile

Five Practical Holiday Saving Habits for Nigerian Households By Osasikemwen Ighile

South Africa

BREAKING: FG Orders South Africa to End Xenophobic Attacks Against Nigerians

Latest Stories

NELFUND Student Loans

Tinubu Directs EFCC Recoveries, Unclaimed Dividends to Fund NELFUND Student Loans

Onaiyekan

Onaiyekan Defies Presidency, Says ‘I’m Not Afraid of Anybody’ Over Tinubu Meeting Remarks

Canada

Canada Invites 1,000 Express Entry Candidates to Apply for Permanent Residence

South Africa

BREAKING: FG Orders South Africa to End Xenophobic Attacks Against Nigerians

Abel Enitan

BREAKING: Tinubu Appoints Abel Enitan as New Head of Civil Service of the Federation

Osasikemwen Ighile

Five Practical Holiday Saving Habits for Nigerian Households By Osasikemwen Ighile

Ann Mbene, founder and weight loss consultant at HueBeautyGlam

Ann Mbene On Breaking The Weight Loss Stigma in Nigeria

Zenith Bank

Zenith Bank Hosts 10th Non-Oil Export Seminar August 25, Unveils Global Speakers

US Judge

BREAKING: US Judge Sets August 21 Deadline in Tinubu Records FOIA Case

FCT Minister Wike

FCT Minister Wike Reveals Why Adeleke Won Osun Governorship Election

NewsOnline 2026

Get the Latest Naija News, Breaking News, Top Stories, World News, Business, Politics & Entertainment from NewsOnline Nigeria.

RELEVANT PAGES

  • About Us
  • Advertise
  • Contact Us
  • Privacy Policy

ALERT US

Important Press Releases, Special Investigations: admin@newsonlineng.com

OFFICE ADDRESS

13 Poland Street, London, United Kingdom (UK)

Copyright © 2026 NewsOnline Nigeria

No Result
View All Result
  • Headlines
  • Top Stories
  • Politics
  • Crime Watch
  • Entertainment
  • Sports

Copyright © 2023 Newsonline Nigeria