Nigeria’s crude oil and condensate production rose by 0.4 per cent to 1,677,777 barrels per day (bpd) in August 2026.

The Nigeria Upstream Petroleum Regulatory Commission (NUPRC) disclosed this in its crude oil and condensate statistics report released on Sunday.

The commission said crude oil production, excluding condensate, averaged 1,500,190 bpd during the month under review.

It added that Nigeria met its Organisation of Petroleum Exporting Countries (OPEC) crude oil quota for the fourth consecutive month.

According to the report, combined crude oil and condensate production fluctuated between a daily low of 1.64 million barrels and a high of 1.71 million barrels.

The report showed that Bonny Terminal recorded the highest average production at 320.04 thousand barrels per day (kbpd).

Forcados Terminal followed closely, recording an average daily production of 317.40 kbpd during the month.

“Qua Iboe Terminal recorded an average production of 171.72kbpd of crude oil and condensates,” the report said.

It added that Escravos Oil Terminal recorded a daily average production of 131.71 kbpd during the period.

Bonga ranked fifth among the highest-producing terminals, with an average output of 92.50 kbpd of crude oil.

Factors behind the increase in production

The NUPRC attributed the modest increase in August production largely to the resolution of operational challenges involving the Single Buoy Mooring (SBM) at the Erha field.

The commission said the challenges had adversely affected production performance in the preceding month.

It explained that restoring normal evacuation and production operations at the Erha field contributed positively to overall production volumes in August.

“Production activities across most other producing assets remained relatively stable,” the report said.

It said operators continued implementing measures to optimise production efficiency, maintain asset integrity and minimise operational disruptions.

The commission added that routine production and crude evacuation operations were generally sustained across the industry during the period.

“These supported the observed improvement in output,” it said.

The report described the August increase as modest but said it reflected continuing industry efforts to address operational bottlenecks.

It said stakeholders were also working to restore affected production capacity and support sustained growth in the coming months.

The commission said operators remained focused on improving asset reliability and operational resilience across Nigeria’s upstream petroleum sector.

READ ALSO: Akwa Ibom communities demand action on abandoned oil wells

It added that intervention programmes were being advanced to strengthen production performance and reduce disruptions.

The August performance, according to the NUPRC, underscored the importance of resolving operational constraints promptly.

It also highlighted the need for effective asset management and continued collaboration among industry stakeholders.

Such measures, the commission said, remained critical to safeguarding and improving Nigeria’s crude oil production capacity.

(NAN)

Correction: An earlier version of this piece identified the phone Jensen Huang used to take President Trump’s call as Apple’s iPhone Duo. That was incorrect — the device appears to be a different foldable. The piece has been updated to remove references to the iPhone Duo and the conclusions that were based on that error.

Jensen Huang made headlines Monday at the All-In conference in L.A. when President Trump called him, live, on stage. But there was something else worth noting about his appearance. Huang, dressed in his now-signature alligator leather jacket, was handed a foldable phone to answer it.

Once he got Trump on speaker, the conversation turned to AI safety, and the two seemed to agree that mounting fears about AI equate to what Trump called a “hoax.” Trump argued that the real winners of the AI panic are China and “political people,” and that the technology is too big — “bigger than the internet,” he said — to slow down over. (“Did you hear that? Thousands of people are clapping,” said Huang to Trump during this same exchange.)

Whether Huang truly shares that same view or isn’t in a position to say otherwise, we’ll never know. Nvidia’s business model depends largely on AI labs buying more chips, so downplaying existential risk is the only move if he cares about his company’s share price. (It’s still up 33% for the past year but fell a few percentage points today.)