Security outfit intercepts vessel with 150,000 ltrs of stolen crude in Delta
TANTITA Security Services Ltd. has intercepted MT TURA 11 vessel laden with 150, 000 litres of products suspected to be stolen crude oil with 12 […]
Crude oil
Troops destroy 41 refineries, recover 1.06m litres crude – DHQ
The Defence Headquarters says troops of Operation Delta Safe (OPDS) have destroyed 41 illegal refining sites and recovered more than 1.06 million litres of crude […]
SERAP tells Buhari to probe missing 149 million barrels of crude oil in 2019 or face legal action
By JOY ADARA, Abuja – Socio-Economic Rights and Accountability Project (SERAP) has urged President Muhammadu Buhari to “set up a presidential panel of enquiry to […]
Guri/Malammadori oil fields ‘ll be explored by Tinubu – Gov. Badaru
Gov. Muhammad Badaru of Jigawa on Friday urged electorate to vote for All Progressives Congress (APC) during the 2023 general elections for the crude oil […]
Niger Delta Blue Economy: UN group identifies $1.5trn blue opportunities, as expert raises environmental concerns
As Nigeria Blue Economy Stakeholders step up engagements through the Niger Delta Blue Economy Investment Forum to change the dynamics of the crude oil dependent […]
Niger Delta region, still a body without soul By JEROME-MARIO UTOMI
Despite President Muhammadu Buhari’s recent signing into law, of the Petroleum Industry Act (PIA) on Monday August 16, 2021, after years of back and forth […]
Nigeria’s economy can thrive without oil – NEPC boss
The Nigerian Export Promotion Council (NEPC) says the nation’s economy can thrive better without oil if the non-oil sector is prioritised. NEPC North Central Zonal […]
OPEC decision on crude oil production cut was unanimous – Sylva
By JOY ADARA, Abuja – Minister of State Petroleum Resources, Chief Timipre Sylva has said that the decision by the Organization of Petroleum Exporting Countries […]
Oil rises towards $90 as OPEC+ considers output cut
Oil prices firmed on Thursday, erasing earlier losses, on indications that OPEC+ might cut output, though a stronger dollar and weak economic outlook kept a […]
Port Harcourt Refinery begins pipeline rehabilitation
The Port Harcourt Refining Company (PHRC) is soon to commence rehabilitation of its pipelines in readiness for resumption of production. Mr Sheik Mohammed, the Executive […]
UNGA77: Port-Harcourt refinery to produce 60,000 barrels/day soon – Minister
The Minister of State for Petroleum Resources, Timipre Sylva, has assured Nigerians that rehabilitation of the Port Harcourt refinery would soon be completed and that […]
Upward adjustment of oil production level only for September – OPEC
The Organisation of Petroleum Exporting Countries (OPEC) says its upward adjustment of 0.1 million barrel per day (mb/d) to the overall oil production level is […]
OPEC daily basket price now at $101.04 per barrel
The price of the Organisation of the Petroleum Exporting Countries (OPEC) basket of 13 crude oil samples stood at 101.04 dollars per barrel as at […]
Stolen crude oil found in churches, mosques – Mele Kyari
The Nigerian National Petroleum Company (NNPC) Limited, has accused government officials, religious leaders, security agencies and even some staff of the nation’s crude oil theft. […]
OPEC daily basket price now at $104.85 per barrel
The price of the Organisation of the Petroleum Exporting Countries (OPEC) basket of 13 crude oil samples stood at 104.85 U.S dollars per barrel as […]
Expert advocates policy alignment to curb Nigeria’s dependence on crude oil
Dr Abiodun Adedipe, Chief Consultant B. Adedipe Associates Ltd., has called for a deliberate alignment of policies across fiscal, monetary, commercial and industrial planks, to […]
President Buhari vows to crack down on oil theft in Niger-Delta
President Muhammadu Buhari has said that security would be increased across the country to try to stamp out widespread oil theft, a week after a […]
Nigeria’s crude oil production averaged 1.183m b/d in July – OPEC
The Organisation of the Petroleum Exporting Countries (OPEC) says Nigeria’s crude oil production increased to an average of 1.183 million barrels per day (bpd) in […]
Revive manufacturing sector to boost local economy — Experts advise FG
As the price of crude oil in the International market continues to rise in recent times, Nigeria has not been able to reap appreciable economic […]
Why Nigeria must diversify from crude oil exports — NEPC boss
The Nigerian Export Promotion Council (NEPC) on Monday in Abuja reiterated the need to promote non-oil exports for Nigeria to meet its national and global […]