Crude oil losses in the Western Niger Delta have reduced to 6 to 10% in 7 months. This is according to Kola Karim, the Chief Executive Officer of Shoreline Energy International, who made the statement during an oil and gas…
THIS DAY The Senior Special Assistant to the President on Niger Delta Affairs, Senator Ita Enang, yesterday called on the federal government to consider allocating crude oil to illegal refineries operators to curb the growing theft of the commodity in…
PREMIUM TIMES Nine oil thieves and their vessel caught with N200million worth of stolen crude oil in 2015 are going to walk free after paying N2,000 fine each. They were in November 2021, remanded in prison by the Federal High…
VANGUARD NEWS NIGERIA’s crude oil exploration has suffered a setback as the rig count, a global index for measuring activities in the upstream sector, decreased by 38 per cent to 80 in the first 11 months of 2021, from 129,…
THE GUARDIAN One year after the discovery of over one billion barrels of crude oil in the North, the Federal Government and the Nigerian National Petroleum Corporation Limited are yet to come clean on the true state of activities in…
THIS DAY With the negative impact of the Coronavirus pandemic on global economy which had led to an unprecedented decline in the global price of crude oil, cutting the cost of oil production by Nigerian oil companies had become imperative.…
PUNCH Nigeria has cut the official selling prices for its crude oil to record lows to clear a glut of unsold April-loading cargoes before releasing the May programme on Monday. The country has had to grapple with an unprecedented excess…
THE NATION Following the continued slide of the price of crude oil in the international market, the country’s ability to implement this year’s budget of N10.59 trillion may be in jeopardy. For instance, in the last two months, Brent crude…
PUNCH NEWS World oil prices jumped nearly $3 on Friday after the US killed a top Iranian general, fanning fresh fears of conflict in the crude-rich Middle East, with Tehran warning of “severe” retaliation. The international oil benchmark, Brent crude,…
PUNCH NEWSPAPER The Nigerian National Petroleum Corporation on Sunday announced that crude oil and gas export sales increased by 52.84 per cent to $355.93m in September 2019. NNPC’s crude oil and gas exports in September were $123.06m higher than the…
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