Nigeria has yet to clear more than half of its scheduled crude oil cargoes for May as unsold crude oil starts to build up in the oil market. According to a report by Bloomberg, traders who specialize in West African…
ASABA — Some leaders and stakeholders of the South-South yesterday berated former presidential aide, Dr Usman Bugaje, over his remarks that the North owned 78 per cent of crude oil in Nigeria. Dr. Bugaje in a recent interview with Vanguard, contended…
Concerned peace advocacy groups in the Niger Delta region, have given insight into how they were able to adopt the option of dialogue in combating the insurrection of ex-agitators, adding that the strategy increased production of crude oil production from 900…
The upward trend in oil and gas exploration activities persisted in February as the rig count, an index of measuring upstream activities, rose year-on-year, YoY, by 23 per cent to 16, in February 2024, from 11 in the corresponding period of…
Savannah Petroleum PLC has acquired 100 per cent of the stakes of Sinopec International Petroleum Exploration and Production Corporation in Stubb Creek Field. Savannah said on Tuesday that it consolidated its Stubb Creek Field interest in Nigeria, signing separate Share…
The number of functional oil drilling rigs across the country increased marginally to 16 in February, data from the latest March 2024 Monthly Oil Market Report of the Organisation of Petroleum Exporting Countries has shown. Figures released by OPEC indicated that…
Nigeria’s crude oil production rose in February, data from the Organisation of Petroleum Exporting Countries (OPEC) has shown. Oil production from the 12 members of the organisation, OPEC, averaged 26.57 million barrels per day (mb/d) in February 2024, higher by…
Crude oil earnings by the Federal Government increased by about N449.93bn in the months of December 2023 and January 2024, an analysis of data in the latest reports on Nigeria’s oil production, on Sunday, showed. Although the Nigerian Upstream Petroleum…
The Nigerian Navy said on Wednesday that following its anti-crude oil theft (COT), and anti-illegal bunkering effort under the auspices of Operation Delta Sanity, its platforms have foiled the stealing of over 60,815 barrels of crude oil valued at over…
The Federal Energy Regulatory Commission will try to be quick in deciding whether to extend Venture Global’s permit to continue construction work on its already operating Calcasieu Pass LNG export facility. The decision should come within 45 days, Reuters reported, citing…