Army discovers stolen 1m litres crude oil in Rivers
The reservoir was discovered during a raid in Akwa-Odagwa in Rivers State, according to Brigadier General Garrison Commander of the 6 Division…
Oil and Gas
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Fuel import drops by 1bn liters in seven months – Report
The National Bureau of Statistics has revealed that following President Bola Tinubu’s removal of fuel subsidies in June, the nation’s monthly imports…
SERAP gives NNPCL seven days to explain $2.04bn, N164bn missing oil income
The Nigerian National Petroleum Company Limited has been contacted by the Socio-Economic Rights and Accountability Project to provide an explanation and account for…
Nigeria petrol subsidy nears N1tn
By Melvin Onwubuke Petrol subsidy in Nigeria has reportedly returned and now higher than before President Bola Tinubu stopped the costly practice…
CBN stops foreign oil corporations from sending all fx proceeds abroad
International oil companies who operate in Nigeria are no longer allowed to send 100% of their foreign exchange earnings to their parent…
Crude hits $83 as Nigeria’s export passes 1.4mbpd
Data from the Federal Government indicates Nigeria’s oil output surged to 1,426,574 barrels per day in January 2024. This news caused the…
Nigeria to end gas flaring by 2030 – NUPRC
Preparations are in place by the Nigerian Upstream Petroleum Regulatory Commission to terminate gas flaring by 2030. The Punch stated that this…
NNPCL debunks plans to increase fuel price
The Nigerian National Petroleum Company Ltd. has refuted reports that Premium Motor Spirit, also referred to as petrol, could soon see a price…
Nigeria’s gas production rises 2.2% in Dec 2023
Nigeria’s gas output increased by 2.2% in December 2023 compared to November 2023, when the country’s oil and gas companies produced 146.991…
Dangote refinery urges NUPENG, PTD to resolve conflict
Dangote Refinery and Petrochemical Limited’s management has made a request for the leaders of the feuding National Union of Petroleum and Natural Gas…
Oil unions, others receive over N1bn in donations – Reports
The Nigerian National Petroleum Company Limited has stated that it donated N1.65 billion to different charities over the course of 16 months, with…
NNPCL demolishes 34 illicit refineries
Over the last week, the Nigerian National Petroleum Company Limited discovered and destroyed 34 illegal refineries in the Niger Delta. The NNPCL…