Dynamics of global oil prices put critical concerns before Nigeria, particularly with the Country having oil as the mainstay of her economy. Market realities on Wednesday, August 03, 2022, revealed the prices of many crudes, including Nigeria’s Bonny Light, bounced…
By Uthman Salami The Minister of state for Petroleum Resources, Timipre Sylva said Nigeria has begun scaling up security measures to put an end to oil theft, which has largely remained one of the toughest issues in the oil and…
The Nigerian military had called for expanded collaboration and support from the public to help in the operation against oil theft in the Niger Delta region. The Chief of Defence Staff, General Lucky Irabor, who leads the operations, pleaded with…
The House of Representatives has begun investigation into crude oil production and revenue by Nigerian Upstream Petroleum Regulatory Commission (NUPRC) in order to determine the revenue accrued to the Federation through The investigative hearing on the ‘Revenue Monitoring Exercise’ was…
The Force Commander, Joint Task Force (JTF), South-South, Operation Delta Safe,Rear Admiral Aminu Hassan has said that the fight against oil theft would continue until the criminals surrendered. Hassan said this while giving situation report of its operation to curb…
By Uthman Salami National President of the Petroleum Products Retail Outlets Owners Association (PETROAN), Dr. Billy Harry, has hinted that his group has opened discussions with the Federal Government on the adoption of the 3P technologies, which guarantees genuineness and…
The Environmental Rights Action/Friends of the Earth Nigeria (ERA/FoEN) has applauded the current action by the Rivers State Government to address the vexed issues of oil theft and refining of stolen crude oil and the consequent release of soot into…
The Bayelsa Government has called on youths to support the fight against oil bunkering, illegal refining and other unwholesome activities that impact negatively on oil production and revenues accruing to the state. The Deputy Governor, Mr Lawrence Ewhrudjakpo, made the…
By Uthman Salami The Independent Petroleum Producers Group (IPPG) has lamented the increasing crude oil theft from its assets noting that this criminal act is posing a chronic threat to its huge investments currently put at over $10 billion. The…
The subject of the existence of exploitable leakages in the working operations of the systemic configuration of sectors in Nigeria as a subject of concern, has remained a sapping source of resources to the detriment of the Nigerian State as…
