The Nigerian Upstream Petroleum Regulatory Commission has revealed the country’s official petroleum reserves, showing a total of 37.28 billion barrels of crude oil and condensate, as well as 210.54 trillion cubic feet of natural gas. This was disclosed on Friday…
The Nigerian Navy says it apprehended some vessels carrying illicit arms and stolen crude oil and destroyed several illegal refining sites through its Operation Delta Sanity II in the month of March. The Director of Naval Information, Commodore Aiwuyor Adams-Aliu,…
The Nigeria Security and Civil Defence Corps (NSCDC) Ondo State Command, says it has uncovered an illegal crude oil reservoir in the state. This is contained in a statement by DSC Daniel Aidamenbor, spokesperson for the command and made available…
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has said crude oil production declined by 5 per cent in February 2025 to an average of 1.67million barrels per day (bopd) from an average of 1.73 million bopd in January 2025. In…
By Seun Ibiyemi The National Bureau of Statistics (NBS) has reported that Nigeria generated ¦ 13.78 trillion from crude oil exports in the fourth quarter of 2024. This information was detailed in the bureau’s latest publication, “Foreign Trade Statistics Report…
Nigeria’s crude oil production increased in February, 2025 with the country producing approximately 70,000 barrels per day above its Organization of the Petroleum Exporting Countries quota, according to a Reuters survey. OPEC’s oil output increased last month, driven by resilient…
Barth Ndubuwah, Port Harcourt The Rivers State Governor, Sir Siminalayi Fubara, has called for a strategic partnership between the state government and the newly appointed General Officer Commanding (GOC) 6 Division of the Nigerian Army to tackle crude oil theft,…
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has reiterated that it will not resort to fixing crude oil prices, maintaining its commitment to international best practices and the willing-seller, willing-buyer model. Speaking at a stakeholders’ meeting in Abuja, Engr Gbenga…
Sen. Ned Nwoko (APC-Delta) and Chairman, Senate Ad-Hoc Committee on Crude Oil Theft, has stressed the need for protecting the nation’s crude oil, saying it is critical for national security and sustainable development. Nwoko, representing Delta North Senatorial District, stated…
The recent alarm raised by the Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) over the diversion of 500,000 barrels of crude oil daily, intended for local refineries, has brought to light a significant issue affecting Nigeria’s energy sector.…
