NNPC struggles with crude oil pricing in Dangote petrol deal
Securing a reliable crude oil supply deal and determining the appropriate selling price are two major hurdles facing the Nigerian National Petroleum Company (NNPC) Limited […]
Crude oil
Army cracks down on illegal refineries, seizes massive crude oil haul
The Nigerian Army said its troops have destroyed over 27 newly established illegal refining sites and confiscated over 100,000 litres of stolen crude in various […]
Dangote Refinery clarifies stand on crude supply to its refinery
Our attention has been drawn to media reports alleging that the Dangote Refinery has backtracked by acknowledging that NNPC supplied about 60% of the 50 […]
Nigeria’s crude oil output declines to 1.25mbpd in May, says OPEC
Nigeria’s crude oil production made a record decline to 1.25 million barrels per day in May 2024, according to the Organisation of Petroleum Exporting Countries. […]
Dangote Refinery set to buy crude from United States
Dangote Refinery has concluded arrangements to import crude oil from the United States of America in the forthcoming months. The report highlighted that the move […]
157 Cases of crude oil theft recorded in one week – NNPC
The Nigeria National Petroleum Company Ltd (NNPCL) has said that it recorded 157 incidents of crude oil theft between December 30, 2023 and January 5, […]
Nigerian Navy arrests over 17 Suspects, sieze vessel with stolen crude (photos)
The Nigerian Navy has apprehended 17 people said to be engaged in the illegal siphoning of crude oil in Ondo State. Navy spokesperson, Commodore Adedotun […]
Angola topples Nigeria in crude oil production
Crude oil production: Angola overtakes Nigeria Angola has overtaken Nigeria to emerge top African crude oil producer for the month of April 2023. This is […]
Supervise all crude oil export terminals in Nigeria – Buhari orders NUPRC
Amid overlapping functions, President Muhamadu Buhari has ordered the Nigerian Upstream Petroleum Regulatory Commission, NUPRC, to supervise all crude oil export terminals in the country. […]
Again, Crude oil price hits over $100
The price of crude oil climbed above the $100 mark on Sunday hitting $101.16/barrel after trading around $98/barrel since Tuesday, as oil marketers in Nigeria […]
Angry youths shut ConOil facility in Bayelsa
It was gathered yesterday that the oil facility known as Ango 2 field and operated by Conoil since 2013, has a crude oil production capacity of over 30,000 barrels per day.
Breaking: Over 100 feared dead, vehicles razed as fire guts oil bunkering site in Imo
No fewer than 100 people died on Friday night after an illegal refinery exploded at Abaezi forest in the Ohaji-Egbema Local Government Area of Imo […]
Breaking: Court bars NNPC, Petroleum Ministry from allocating crude oil to Addax Petroleum
By Goodluck Ikiebe A Federal High Court in Lagos has directed the Nigerian National Petroleum Corporation (NNPC), Ministry Of Petroleum Resources and National Petroleum Investment […]
Nigeria may lose $2.7bn to delays in deepwater oil field projects
With the latest indices, there are indications that Nigeria may lose $2.7 billion revenue from three deep offshore fields due to changes in tax and […]
Dangote Refinery good example of local content- Wabote
President Dangote Group Alhaji Aliko Dangote By Edith Ike-Eboh/ Nathan Nwakamma The Executive Secretary, Nigerian Content Development and Monitoring Board (NCDM), Mr Simbi Wabote, says […]