Crude oil
15 Apr
The Economic and Financial Crimes Commission (EFCC), on Monday, charged five defendants before a Federal High Court in Lagos, over an illegal deal in petroleum products.
14 Apr
Nigeria may struggle to find buyers for its crude oil as about 30 out of 53 cargoes loading for May are stranded. This is coming despite the low production currently being experienced in the country as Angola
23 Feb
Crude oil has been good to our nation. Very good, indeed. It is easy to rhapsodise our oil wealth and the little village, Oloibiri, where it all began in 1956.
24 Jan
Nigeria is asking the global community to allow the continent to prioritise responsible crude oil exploration even as the upstream exploration and production activities are projected to remain challenging in 2024.
16 Jan
Nigeria may fail to produce about 138 million barrels of crude oil worth $10.73 billion in 2024 even as President Bola Tinubu sets Nigeria’s N28 trillion 2024 budget on an unrealistic oil and gas outlook that has consistently failed in the last 10 years.
18 Dec
The newly appointed Board and Management team for the Nigerian National Petroleum Company Ltd (NNPCL) on Monday pledged to produce two million barrels of crude oil on a daily basis from 2024.
26 Nov
About 3,000 barrels of crude oil were lost to the Nov. 15 oil spill from the offshore Egina Floating Production Storage and Offloading (FPSO) vessel of TotalEnergies.
22 Nov
The Federal Inland Revenue Service (FIRS) has charged foreign companies shipping crude oil from Nigeria to comply with the country's tax laws in their operations.
2 Nov
• IOCs, independent oil producers worry over commercial, data security • Crude oil edges slightly higher amid Middle East tensions Operators in the oil sector expressed concerns over commercial and contract issues as Nigerian Upstream Petroleum Regulatory Commission (NUPRC) in Abuja, yesterday, moved to enforce mandatory supply of crude to local refineries. Operators of local…
25 Oct 2023
The Group Managing Director of Rainoil Limited, Dr. Gabriel Ogbechie, has emphasised that increasing Nigeria's crude oil production is a solution to the current economic challenges facing the country. He made these remarks on Tuesday while speaking during a roundtable session at the 29th Edition of the National Economic Summit at the Transcorp Hilton, Abuja.…
4 Aug 2023
Delta State Command of the Security and Civil Defence Corps (NSCDC), yesterday, paraded four suspects for smuggling Automotive Gas Oil (AGO) in nylon sachets, jerry cans, and other exhibits in the last two weeks.
21 Jul 2023
The other day, security Agencies in Nigeria reportedly ordered the destruction of a ship laden with stolen crude oil and news credited to the Nigerian National Petroleum Company (NNPC) have it that an average of 437, 000 barrels of crude oil is stolen in Nigeria daily...
Latest
22 mins ago
A Federal High Court in Abuja has dismissed a suit seeking the disqualification of Gov. Douye Diri of Bayelsa and his deputy, Lawrence Ewhrudjakpo. Justice Emeka Nwite, in a judgement, held that the suit lacked merit as the plaintiff had failed to prove the allegations of certificate forgery levelled against Ewhrudjakpo beyond reasonable doubt. Justice…
29 mins ago
Senegal's new leader, Bassirou Diomaye Faye, has called for a "rethought" relationship with the EU during a visit by European Council President Charles Michel. Faye, who was inaugurated as president on April 2, was elected on pledges of radical reform and promises to restore national "sovereignty" over key industries. Speaking at a joint press conference…
34 mins ago
Twelve militants have been killed in the southern Philippines during a gun battle with security forces that left seven soldiers wounded, the army said in a statement. The firefight happened Monday in Maguindanao del Sur province on Mindanao island, a haven for multiple armed groups ranging from communist insurgents to Islamist militants. The Philippine Army…
1 hour ago
The China General Chamber of Commerce (CGCC) in Nigeria, says no Nigerian has been subjected to discrimination or denied access to the Chinese supermarket. The supermarket is located within the premises of the Royal Choice Estate, Airport Road, Abuja. The Secretary of China Chamber of Commerce, Mr Cui Guangzheng, said this in a statement in…
1 hour ago
Two Malaysian military helicopters collided and crashed during a training session on Tuesday, killing all 10 crew onboard, the country's rescue agency said. "The two helicopters collided during flight training. All 10 victims on board have been confirmed dead by the medical officers," Suhaimy Mohamad Suhail, senior operations commander from the fire and rescue department…
3 hours ago
President Bola Tinubu has called on African countries to conscientiously tackle poverty, inequality and social injustice as root causes of terrorism. He equally canvassed the establishment of a regional counter-terrorism centre...
3 hours ago
Nigeria Police Force (NPF) is grappling with a significant housing shortage for its members across all ranks, the Inspector General of Police (IGP), Kayode Egbetokun, has disclosed.
3 hours ago
As the world marks International Mother Earth, instituted by United Nations, ECO2RUPPERS Africa has unfolded measures aimed at saving Nigeria and other African countries the sum of $70 billion from the impact of plastic pollution.
3 hours ago
The price of Liquefied Petroleum Gas (LPG), also known as cooking gas, has continued its upward swing rising by 7.1 per cent in the last month, thus making life more difficult for Nigerians who are struggling with food inflation.
4 hours ago
Delta State Governor, Sheriff Oborevwori, yesterday, lamented the sorry state of Niger Delta, saying the region is currently considered the most polluted in the world due to the high amount of spills.