NAICOM, operators to inspect local content in oil industry
The benefits and difficulties of putting the requirements of the Nigerian Oil and Gas Industry Content Development Act into practice will be…
Oil and Gas
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Crude oil production hits 1.48mbpd in June – NUPRC
Nigeria produced 1.48 million barrels per day of crude oil in June 2023, including 55,088 and 176,030 bpd of blended and unblended condensates,…
Nigeria, E/Guinea seek new oil, gas opportunities
The governments of Nigeria and the Republic of Equatorial Guinea yesterday discussed the creation of a combined logistics base, the deployment of…
Petroleum tanker drivers enemy to subsidy removal — IPMAN
The Independent Petroleum Marketers Association of Nigeria has urged the Federal Government to prevail upon the Petroleum Tanker Drivers, to stop the…
Brent crude hits $80.41 per barrel, highest since May 2023
Brent crude has reached a price of over $80.41 per barrel for the first time since May 20, 2023. According to Nairametrics,…
Oil and Gas will guarantee Nigeria’s energy security – FG
The Federal Government has noted that oil and gas would continue to guarantee energy security for Nigeria’s massive population estimated to be…
Delta security personnel seize large vessel with stolen crude oil
The pipeline surveillance security company, Tantita Security Services Limited has intercepted a large vessel called “MT Tura 11” carrying 150 metric tonnes of stolen…
Eastline Energy sues Conoil over $774,789 debt
Eastline Energy Resources Limited, an oil and gas servicing firm based in Port Harcourt, has filed a class action lawsuit against Conoil Producing…
Brent declines amid slow economy
US crude oil rose around 3% on Wednesday, closing the price gap with global benchmark Brent in a post-holiday reaction to production…
Oil sector deregulation will create more jobs – NOA
The National Orientation Agency has stated that the liberalization of the petroleum industry’s downstream sector will increase work prospects for Nigeria’s burgeoning youth…
Russia to reduce oil exports by 500,000 BPD in August – Report
Russia’s top energy official declared on Monday that the country will voluntarily reduce oil exports by 500,000 barrels per day, adding to already…
NNPCL, marketers fuel vessels to arrive next week – IPMAN
Large shipments of Premium Motor Spirit, often known as petrol, will be imported by major oil marketers and would arrive…