Nigeria continued its dismal crude oil production output for the year due to theft as September production averaged 937,766 barrels per day (bpd). This is compared to 972,394 bpd for the month of August, which was below Angola’s average daily…
The Nigeria Security and Civil Defence Corps (NSCDC), Rivers State Command has uncovered a huge dump site used in storing stolen crude oil and illegally refined petroleum products in Agbada Community, Ikwerre Local Government Area of Rivers State. This appears…
Shell Petroleum Development Company of Nigeria Ltd. (SPDC) says it will resume crude oil exports from the Forcados Oil Terminal by October end when on-going repairs would have been completed. Newsmen reports that SPDC declared a “Force Majeure’’ on oil…
Mr Simbi Wabote, Executive Secretary, Nigerian Content Development and Monitoring Board (NCDMB) has lauded the Minister of State for Petroleum Resources, Chief Timipre Sylva on the conferment of Commander of the Order of the Niger (CON) on him. Wabote gave…
Elder states-man and Ijaw Leader, Chief Edwin Clark has called on the Federal Government to institute a judicial inquiry to investigate oil theft in the country. Clark, who made the call while addressing a news conference on Monday in Abuja,…
Crude oil producers under OPEC and its partners, OPEC+, got into a head-on collision with governments around the world trying to tame inflation, which has been triggered by high energy prices as OPEC+ agreed to a 2 million BPD cut.…
Nigeria’s falling crude revenues have forced NNPC Ltd to defer payments to fuel importers for 3 months. This was disclosed in an interview by NNPC Ltd CEO, Mele Kyari on Monday. This comes as Nigeria increases its fight against crude…
Nigeria and Morocco would formalize agreement on the huge $25 billion gas pipeline that would run from Nigeria to Morocco. The massive infrastructure would ferry the fuel to Europe according to the asset design and plan. The Nigerian National Petroleum…
Delivering effective service to stakeholders of the Nigerian oil and gas industry is a key objective under the implementation of the Nigerian Content 10-year strategic roadmap, the Executive Secretary, Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Kesiye Wabote…
The African Petroleum Producers Organization, (APPO) has said that the group is in full support of the recent decision by the Organization of Petroleum Exporting Countries (OPEC) to cut production by around 2 per cent. “It is a decision well…
