ADVERTISEMENT
  • About Us
  • Advertise
  • Contact Us
  • Privacy Policy
Thursday, October 1, 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

Baltasar Engonga Wife Video Knacking Another Man

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

Anthropic

Anthropic Targets $2 Trillion IPO Valuation Despite $42 Billion 2025 Loss

God Willing – Neymar Speaks On Surpassing Pele’s Goals Record For Brazil

God Willing – Neymar Speaks On Surpassing Pele’s Goals Record For Brazil

Happy Independence Day Nigeria Messages

Happy Independence Day Nigeria Messages, Quotes and Wishes For Everyone

JAMB 2023 Answers

JAMB Past Questions and Answers PDF For All Subjects, Get JAMB 2023 Answers Here

Naija News

Nigerian Newspapers: Top 10 Newspaper Headlines Tuesday, March 22 2022

Peter Obi

BREAKING: FG Accuses Labour Party Presidential Candidate, Peter Obi of Treason

Jeffrey Dahmer Real Polaroid Photos Of His Victims

Jeffrey Dahmer Real Polaroid Photos Of His Victims Goes Viral On Youtube, Twitter, Reddit

Coastal Road Realignment

BREAKING: FG Dumps Coastal Road Realignment After Destroying Landmark, Other Multimillion Dollars Businesses

Latest Stories

Anthropic

Anthropic Targets $2 Trillion IPO Valuation Despite $42 Billion 2025 Loss

GTCO

GTCO Reports ₦603bn Profit Before Tax, Grows Deposits to ₦14.2trn in H1 2026

Peter Obi

BREAKING: Peter Obi Promises to Restore Fuel Subsidy in Nigeria

NDC

NDC Raises Constitutional Concerns Over Tinubu’s Absence From Nigeria

DSS

DSS Secures Death Sentence for Kidnap Convict Over Killing of Three in Sokoto

Fidelity Bank

Fidelity Bank Distributes 2,500 Food Packs to Vulnerable Communities in Edo

Zenith Bank NBBF Women’s Basketball League Final 8

Zenith Bank NBBF Women’s Basketball League Final 8 Tips Off in Lagos

Google

Google Urges Nigerian Businesses to Rethink Search Advertising Ahead of Black Friday 2026

Financial Crime Response

When Millions Move Across Borders, Nigeria Needs a Stronger Financial Crime Response

$1.5bn World Bank Loans

Tinubu Government Seeks $1.5bn World Bank Loans as Public Debt Hits Record N166.79tn

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