ADVERTISEMENT
  • About Us
  • Advertise
  • Contact Us
  • Privacy Policy
Saturday, November 14, 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

Adeniyi

FCC Files Four-Count Criminal Charge Against Customs, Adeniyi Over Recruitment

Nvidia CEO Jensen Huang

BREAKING: Nvidia CEO Jensen Huang Resigns Amid Affairs Scandal

Latest Stories

Adeniyi

FCC Files Four-Count Criminal Charge Against Customs, Adeniyi Over Recruitment

Makinde

Makinde Accuses Tinubu of Breaking 2023 Agreement on Government of National Unity

Mauricio Pochettino

BREAKING: Manchester United Confirm Mauricio Pochettino as New Head Coach

Standard Chartered Nigeria

Customer Accuses Standard Chartered Nigeria of Delaying Refund After Account Closure

Peter Obi

Peter Obi Promises 10,000MW Electricity Within Four Years If Elected President

Nvidia CEO Jensen Huang

BREAKING: Nvidia CEO Jensen Huang Resigns Amid Affairs Scandal

NDC Supporters

BREAKING: NDC Supporters Attacked During Lagos Town Hall Meeting (VIDEO)

South-West Monarchs

BREAKING: South-West Monarchs Endorse Tinubu for Second Term

Gul Khan

Alt Bank Appoints Gul Khan as MD/CEO, Succeeding Founder Hassan Yusuf

GTBank

GTBank Launches 737 App for Young Nigerians, Uses Phone Numbers as Account Numbers

NewsOnline 2026

NewsOnline Nigeria brings you breaking news, politics, the 2027 election, business, world news, entertainment and sports, reported accurately and on time.

RELEVANT PAGES

  • About Us
  • Advertise
  • Contact Us
  • Privacy Policy

ALERT US

Important Press Releases, Tips: newsroom@newsonlineng.com

OFFICE ADDRESS

Akin Adesola Street, Victoria Island, Lagos
+2348161846326

Copyright © 2026 NewsOnline Nigeria

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

Copyright © 2023 Newsonline Nigeria