Navy impounds 3 wooden boats laden with stolen crude oil, arrest suspects
Operatives of the Nigerian Navy’s Operation Delta Sanity have intercepted and impounded three wooden boats laden with large amounts of…
Category: crude oil
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Crude oil accounts for 74.98% of Nigeria’s exports in Q2 2024 – NBS
Crude oil exports accounted for 74.98 percent of Nigeria’s total export value in the second quarter of 2024. The National…
Crude sales in Naira to Dangote Refinery, others will crash petrol price – Marketers
Nigeria’s oil marketers have said the sale of crude oil to Dangote Refinery and other local refineries in Naira would…
We are yet to receive 29m barrels crude allocation – Dangote Refinery counters NUPRC
The crisis rocking Nigeria’s oil and gas sector is far from over as Dangote Refinery said it is yet to…
Dangote Refinery: NNPCL targets 2m barrels crude oil production
Nigerian National Petroleum Company Limited has announced plans to increase crude oil production to two million barrels per day by…
Nigeria’s crude oil production increases to 1.61mbpd in July – NUPRC
The Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission, Gbenga Komolafe, has said that the country’s average daily production…
‘We’ve been in darkness’ – Protesters shut down crude oil flow station in Delta
Angry protesters on Monday shutdown the flow-station in Jones Creek, an oil facility operated by the Management of NPDC/NECONDE OML…
Dangote Refinery approaches two African countries for Crude oil import
The Dangote Refinery said it is seeking crude oil import from Libya and Angola amid a supply challenge in Nigeria.…
Concerns as NNPCL seeks fresh $2bn crude-for-cash loan amid fuel scarcity
The Nigerian National Petroleum Company Limited, NNPCL, is planning to secure a fresh $2 billion oil-backed prepayment loan amid fuel…
Group petitions ICPC over alleged discrepancies in crude oil production records
The Nigeria Citizens Watch for Good Governance has petitioned the Independent Corrupt Practices and Other Related Offences Commission, ICPC, calling…
Crude oil prices drop ahead of OPEC meeting
Crude oil prices have dropped amid anxiety surrounding the Organization of Petroleum Countries meeting at the weekend. Brent crude futures…
Nigeria to generate $4bn yearly from crude oil commodities exchange – LCFE
Lagos Commodities and Futures Exchange has projected that Nigeria will generate $4 billion annually from trading about 50 million barrels…
Nigerian govt reveals reason for drop in crude oil production
The Nigerian government says its encountered problems on the Trans Niger Pipeline and other maintenance activities are the reason for…
Oil price hits $90 first time since October amid heightened geopolitical tensions
Crude oil price surged further on Thursday, hitting $90.65 per barrel amid geopolitical tensions. Brent crude futures for June settled…
We will destroy vessels caught stealing crude oil – Nigerian Army warns
The Nigerian Army has vowed to destroy an arrested vessel, Harbor Spirit, suspected of crude oil theft in line with…
Navy arrests 28 suspects over theft of 527,810 litres of crude oil in Ondo
Men of the Nigerian Navy’s Forward Operating Base in Igbokoda, Ondo State, have apprehended 28 suspects allegedly involved in the…
Foreign companies lifting crude oil must comply with Nigeria’s tax laws – FIRS Chairman
The chairman, Federal Inland Revenue Service (FIRS), Zacch Adedeji, has charged non-domestic companies shipping crude oil from Nigeria to ensure…
Nigeria’s crude oil production will hit 1.9m bpd in December – Matawalle
Nigeria’s Defense Minister, Bello Matawalle, has said the country’s crude oil production will reach 1.9 million barrels per day by…
FG to increase crude production to 2m bpd
Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, has said the Federal Government is targeting to shore up its…