The Movement for the Survival of Izon Ethnic Nationality in the Niger Delta (MOSIEND) has advocated inclusion Chief Ateke Tom and Alhaji Asari Dokubo in next phase of pipeline surveillance contracts. The Niger Delta group noted that involving the two ex-militant leaders in protecting oil assets would...
Crude oil
By MBAFAN ADE, Abuja – The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says it has delivered 3,614,936 barrels of crude to three local refineries between September 2021 and May 2023. This is contrary to insinuations from some operators in the refinery business in Nigeria that...
The Federal Government on Wednesday inaugurated and handed over 500,000 cubic metre water scheme to Ogoni communities in Rivers. Residents of Ogoniland have been grappling with decades of crude oil spillages that polluted its ground and surface water to cancerous levels. Mr Ibrahim Yusufu, the Permanent Secretary, Federal Ministry...
TThe July 7, 2023, reported arrest of a vessel, MT Tura II (IMO number: 6620462), along Escravos River in Warri South West Local Government Area of Delta State. by Tompolos Tantita Security Services Nigeria Ltd, with about 150,000 metric tonnes of stolen crude oil valued at about $86.8million, has...
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 crew on board. Capt. Warredi Enisuoh, Executive Director, Technical and Operations, disclosed this while addressing newsman on the arrest on Monday in Oporoza, Warri...
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 oil in the last two weeks. The Director, Defence Media Operation, Maj.-Gen. Musa Danmadami, said this on Thursday in Abuja at the bi-weekly news...
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 promptly probe the grim allegations that over 149 million barrels of crude oil are missing, as documented in the 2019 audited reports by the...
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 deposit in the state to be explored. Badaru, while addressing party supporters during the APC governorship rally in Malammadori Local Government Area (LGA), said...
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 region to a new future that is green and sustainable with practical projects, the United Nations Global Compact has drawn an attention to some...
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 movement,- an Act which provides legal, governance, regulatory and fiscal framework for the Nigerian Petroleum Industry and development of host communities, my recent ‘sojourn’...
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 Coordinator, Mr Samson Idowu stated this on Sunday in Jos in an interview with the News Agency of Nigeria (NAN). Idowu said that Nigeria...
By JOY ADARA, Abuja – Minister of State Petroleum Resources, Chief Timipre Sylva has said that the decision by the Organization of Petroleum Exporting Countries (OPEC) to cut two million barrels of crude oil production was a unanimous one. Chief Sylva, who stated this in a statement issued on...
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 lid on gains. Brent crude futures rose 52 cents, or 0.6 per cent, to $89.84 a barrel by 1027 GMT and U.S. crude futures...
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 Director, Project, PHRC, made the disclosure on Wednesday during the inauguration of Ekerekana 140 Market Stalls in Okrika Community, constructed by the company. Mohammed,...
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 the plant would refine 60,000 barrels of crude by early 2023. Sylva gave the assurance while speaking with newsmen in New York at the...
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 only intended for September 2022. OPEC made this known at its report on the 32nd OPEC and non-OPEC Ministerial Meeting held via video conference...
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 Wednesday. This is compared with 106.41 dollars per barrel recorded on Tuesday, according to OPEC Secretariat calculations obtained by the News Agency of Nigeria...
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. Speaking during the 49th session of the weekly ministerial briefly at the State House in Abuja, NNPC Group Chief Executive Officer, Mele Kyari maintained...
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 at Monday, Aug. 29. This is compared with 103.89 U.S. dollars per barrel of the previous Friday, according to OPEC Secretariat calculations obtained by...
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 stop the country’s dependence on crude oil. Adedipe made the call at the 33rd Seminar organised by the Central Bank of Nigeria (CBN) for...