148 crude oil theft reported in one week – NNPCL
There were 148 occurrences of crude oil theft registered between September 2 and August 8, 2023, according to the Nigerian National Petroleum…
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Nigeria produced 1.4 million bpd of oil in August 2023 – NUPRC
Nigeria produced 1. 4 million barrels of crude oil per day, according to data from the Nigerian Upstream Petroleum Regulatory Commission. The…
Sahara Energy, Ministry of Gas, NMDPRA, partner to develop gas
The Nigerian Midstream Downstream Petroleum Regulatory Authority, Sahara Energy Group, and the Ministry of Petroleum are planning to work together on gas development in…
How Nigeria lost $46bn to oil theft in 11 years – Speaker
Nigeria has sustained significant losses as a result of crude oil theft totaling $46 billion between 2009 and 2020, according to the Speaker…
Agip didn’t obtain approval before Oando deal – NNPC
Nigerian Agip Oil Company has admitted that it did not have NNPC Limited’s approval before announcing a contract to transfer its onshore oil…
Nigeria’s refining output falls to 6,000 b/d – OPEC
Data from the Organisation of the Petroleum Exporting Countries shows that Nigeria’s capability for processing crude oil has further decreased to just…
Gas revenue falls by N3trn in one year – Report
Data from the Energy Institute, a global professional organization for the energy sector, show that the Federal Government lost N3.3 trillion in…
Oando acquires 100% Italian-owned NAOC
Nigerian energy company, Oando Plc, has agreed to buy all of the shares of Eni, an Italian oil and gas company, including…
Brent crude sells above $88/barrel, highest since Jan
Brent crude oil was trading at a phenomenal price of more than $88 per barrel early on Saturday, September 2, 2023. This…
Nigeria’s crude oil production hits 1.6m bpd – Kyari
The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited, Mele Kyari, has stated that President Bola Ahmed Tinubu has reengineered…
NNPCL to repair vandalized pipelines September ending
The shortage of Premium Motor Spirit, sometimes known as petrol, in sections of Lagos and the South-Western states, may last until the end…
Marketers predict more fuel queues due to pipeline vandalism
Petrol queues lingered in Lagos and Ogun states on Wednesday, as oil merchants anticipated harsher days ahead in terms of product availability.…