Np The Nigerian National Petroleum Company Limited (NNPC Ltd.) has announced the introduction of Utapate crude oil blend, a new oil grade into the international crude oil market. The NNPC Ltd. said from Oil Mining Lease (OML) 13, fully operated by NEPL, NNPC Ltd’s upstream subsidiary, the Utapate crude...
Crude oil
The Nigerian Air Force (NAF) aircraft operating under Operation Delta Safe have in the last three months destroyed more than 70 illegal refining sites and 80 overhead tanks. The Chief of the Air Staff (CAS), Air Marshal Hasan Abubakar, said this while hosting the National Coordinator, Messrs New...
The Federal Executive Council (FEC) has directed the Nigerian National Petroleum Company (NNPC) Limited to sell crude oil to Dangote Refinery and other local refineries in naira and not in United States greenback. Federal Inland Revenue Service (FIRS) boss Zack Adedeji disclosed after a FEC meeting chaired by...
By BARBARA KALU, Port Harcourt – Project Niger Delta (PND), a civil society organization, has called on the federal government to cancel ongoing surveillance contracts aimed at stopping the theft of crude oil in the Niger Delta. In a petition signed by its Executive Director/Coordinator, comrade Princewill...
The Chief of Defence Staff, Gen. Christopher Musa, and other security and intelligence chiefs say they have devised strategies to combat crude oil theft and pipeline vandalism in the Niger Delta. Musa disclosed this on Tuesday in Abuja at a press briefing shortly after a closed door meeting...
Emir of Kano, Sanusi Lamido Sanusi on Thursday said that human capacity development was key to the economic development of Nigeria. Sanusi was the Keynote speaker at the 2024 Rivers State Economic summit According to him, to achieve development, it is imperative to recognise the need to take...
By DAVID IORJA, Abuja – President Bola Tinubu has said his administration is committed to unlocking the human and natural resource potential of Ogoniland, while ensuring the environmental and economic security of Nigerian communities. The President stated this on Wednesday at the State House during a meeting...
By MBAFAN ADE, Abuja – Keen on optimising production from the nation’s hydrocarbon assets to boost revenues and meet the nation’s OPEC production quota, the Nigerian National Petroleum Company Limited (NNPC Ltd) and its Joint Venture partner in the Awoba Unit Field, Newcross Exploration and Production Ltd, have restarted...
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has given its enforcement committee 48 hours to produce a template for a seamless implementation of Domestic Crude Oil Supply Obligation (DCSO) in Nigeria. The Commission Chief Executive, NUPRC, Mr Gbenga Komolafe, gave the charge on Tuesday in Abuja while speaking...
By EZEKIEL OBI, Abuja – Nigeria Navy on Wednesday said its troops of Operation Delta Sanity have deactivated 41 illegal refining sites and impounded stolen crude oil and other products worth N8.6 billion in three weeks. The Director of Naval Information, Rear Adm. Adedotun Ayo-Vaughan, made this known in...
By EMMANUEL KUJE, Abuja – The Nigerian Navy (NN) says the troops of Operation Delta Sanity have intercepted 4,036.7 barrels of crude oil and 270,600 litres of illegally refined AGO, valued N1.05 billion from oil thieves in one week. Naval spokesman, Rear Adm. Adedotun Ayo-Vaughan, made this known in...
A former Commandant of the Navy War College, Rear Admiral Murtala Bashir (rtd.), has said the Nigerian Navy’s onslaught against oil thieves saved the nation 91,725.26 barrels of crude in 2023. Bashir made the disclosure in a paper he presented at the inauguration of the Naval Warfare Course...
The Dangote Refinery has started production. The largest single-train refinery in the world located in Nigeria’s commercial hub began operations in the early hours of Friday. This followed the delivery of six million barrels of crude supply to the refinery. Although it was supposed to begin operations...
Gombe State Governor, Inuwa Yahaya, on Tuesday, said Nigerians would soon enjoy the gains of fuel subsidy removal . Governor Yahaya stated this in Gombe while inaugurating the phase two of the state’s palliative distribution to residents of the state. He stated that President Bola Tinubu, in...
Some Oil and Gas Experts have said that the coming on stream of both Port Harcourt and Dangote refineries may lead to some marginal reduction in the cost of petroleum products and not a significant price crash. The experts made this known in an interview with the News...
By JOY ADARA, Abuja – Socio-Economic Rights and Accountability Project (SERAP) has urged Mr Mele Kolo Kyari, the Group Chief Executive Officer, Nigerian National Petroleum Company (NNPC) Limited to “promptly publish details of barrels of oil Nigeria produces and exports every day and the total amounts of...
By GABRIEL OMONHIMIN – The Chairman and Chief Executive Officer of Lee Engineering & Construction Limited, Dr. Leemon Ikpea, who has been a major player in the oil and gas sector of the Nigerian economy for 46 years, has commended the good nature and behavior of some traditional rulers...
Dangote Refinery hhas received its first one million barrels of Agbami crude grade from Shell International Trading and Shipping Company Limited (STASCO) in a major step towards increasing Nigeria’s local refining capacity. In a Friday statement, the Dangote Refinery explained that the cargo sailed to the facility’s...
TotalEnergies has confirmed that the oil leak at its Egina Floating Production Storage and Offloading (FPSO) vessel operated has been contained. The News Agency of Nigeria (NAN) learnt that the leak had occurred while crude was being loaded from the Egina FPSO to a vessel on Nov 15....
The Nigerian National Petroleum Company Limited (NNPC Ltd) has provided insight into how the lingering Russia – Ukraine war impacted Nigerian crude oil inflows in the international oil market. The NNPC Ltd said this led to a dip in demand from the once-dependable Asian market at the onset...