About 1.2 million barrels of crude oil was consistently shut in by producers across various oil wells in the Niger […]
Category: Oil and Gas
Revelation: Senate investigates alleged wrongful re-allocation of oilfields
In an effort to get accountability in oil sector, the Senate has directed the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) […]
Pipeline Contract: Bayelsa Gov Wades Into Tompolo, Asari, Ateke Clash
Governor Douye Diri of Bayelsa State has waded into the rift among ex-militant leaders over the multi-billion Naira pipeline surveillance […]
Oil and Gas: Old P’Harcourt refinery to begin operations December – FG
The Minister of State for Petroleum Resources, Timipre Sylva, has restated Federal Government’s commitment to revive the Old Port Harcourt […]
Sabotage: Nigeria Loses $700m Monthly To Oil Theft — NNPC
The Nigerian National Petroleum Company Limited (NNPCL) said that the impact of crude oil theft has been affecting its performance, […]
Shell, ExxonMobil, Chevron To End Billion Dollar Lawsuits Against NNPC
Shell Plc, ExxonMobil Corp., Chevron Corp. and Equinor ASA plan to withdraw multibillion-dollar lawsuits against Nigerian National Petroleum Company (NNPC) […]
Nigeria loses 400,000 barrels of crude oil daily to theft, says Sylva
The Minister of State for Petroleum Resources, Dr Timipre Sylva, has said that the country loses 400,000 barrels of crude […]
OPEC increases Nigeria’s oil output quota to 1.830mbpd
THE Organization of Petroleum Exporting Countries, OPEC, and its allies (OPEC+) have increased Nigeria’s crude oil output quota to 1.830 […]
Fuel Scarcity: We’ve not removed fuel subsidy, says Fed Govt
For the record, the subsidy on the Premuim Motor Spirit (PMS), otherwise known as petrol has not been removed, the […]
Hard times: Commuters, motorists stranded as fuel scarcity bites hard in Lagos
Fuel queues on Monday resurfaced in most parts of Lagos State following the decision of some members of the Independent […]