Nigeria’s crude oil output drops to 1.47m barrels per day
Nigeria’s crude oil production has once again fallen below its OPEC quota. According to the Nigerian Upstream Petroleum Regulatory Commission, output dropped…
crude oil production
Matrix Energy seeks court order against media houses over libel claims
An indigenous oil company, Matrix Energy Limited has filed a suit in the Federal Capital Territory High Court, seeking an injunction against…
FG threatens to revoke oil block licenses over inactivity
The Federal Government has issued a stern warning to companies and individuals holding oil block licenses who have failed to secure investment…
Nigeria loses N636bn in oil revenue as production declines
Nigeria’s monthly oil outputs have been consistently low since January 2024, resulting in a revenue loss of almost N636.3 billion. According to…
FG eyes $20bn deal to boost oil, gas production
The Federal Government has announced an ambitious plan to secure a groundbreaking $20 billion investment deal aimed at revitalizing Nigeria’s oil and…
Military task force discovers 50 illegal oil mining sites
The Joint Military Task Force, Operation Delta Safe, has uncovered a revelation in the fight against illegal oil activities, as they revealed…
Nigeria oil margin hits $37 in London trade
Nigerian oil margins per barrel increased slightly in London trade on Monday, continuing the upward path that began last week when prices…
Port Harcourt refinery resumes operation in April – NNPCL
The Group Managing Director of the Nigerian National Petroleum Company Limited, Mele Kyari, has said the Port Harcourt refinery will commence operations…