Nigeria recorded 127 crude oil theft incidents between December 2 and 8. This is according to data shared in a report by the Nigerian National Petroleum Company Limited (NNPC Ltd) via its X (formerly Twitter) account on Tuesday, December 12.…
The Federal Government on Friday said the renewed fight by the Nigeria Navy was partly responsible for the current rise in crude oil production in the country. The Minister of State for Defence, Bello Matawalle lauded the navy during the…
Records of losses within Nigeria’s extractive industries have been at huge disadvantage to the growth of the country’s economy. Issues of theft, wastage and other shortfalls from unregulated activities around the extractive sectors have over the years formed the basis…
The Independent Petroleum Producers Group (IPPG) has underscored the need to focus on amending critical aspects of the Petroleum Industry Act (PIA 2021) to ensure security across Niger Delta, to stem oil theft. It also called for immediate ramping up…
The Nigerian National Petroleum Company Limited (NNPCL) has confirmed that between October 7 and 13, there were 205 crude oil theft incidents recorded across the Niger Delta’s oil-producing regions. The company disclosed this information during its weekly ‘Energy and You’…
The Nigeria Army on Wednesday, confirmed its cracked down on illegal refineries in Imo and Delta, with seizure of several litres of illegally refined Petroleum products. The Director, Army Public Relations, Brig.-Gen. Onyema Nwachukwu, made the confirmation in a statement…
The Nigerian Navy returned a merchant tanker vessel, MV TIS IV, and a Barge Podium held for complicity in oil theft to their owners in compliance with a court judgement. The court had convicted the crew and ruled that the…
…To probe disappearance of 150,000mts of crude from burnt vessel …Nigeria’s oil output falls 5.5% to 1.249 mb/d in Q1, 2023 – OPEC The House of Representatives have initiated a move to prevent security agencies from setting ablaze vessels laden with…
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has developed a regulatory framework to tackle oil theft and curb revenue loss. The Commission Chief Executive, Gbenga Komolafe disclosed this while speaking at a two-day National Anti-Corruption Conference organized by HEDA Resource Centre and…
The Chairman of Bayelsa State Traditional Rulers Council, His Royal Majesty Bubapraye Dakolo, said President Bola Ahmed Tinubu could end oil theft in two weeks. King Dakolo disclosed this on Wednesday in an Arise Television Interview monitored by Newsmen. He…
