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...
Crude oil
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...
The president of the Senate, Dr Godswill Akpabio, says with careful planning and execution, Nigeria can meet the Organisation of Petroleum Exporting Countries (OPEC) quota of 1.8 million barrels per day. Akpabio spoke at the National Assembly Capacity Building Workshop organised by the Independent Petroleum Producers Group (IPPG)...
The rise in the cost of crude oil, coupled with the depreciation of the naira against the United States dollar, might lead to a hike in the pump price of Premium Motor Spirit, popularly called petrol, oil marketers stated on Sunday. It was also gathered that the sharp...
The Movement for the Survival of Izon Ethnic Nationality in the Niger Delta (MOSIEND) has advocated inclusion Chief Ateke Tom and Alhaji Asari Dokubo in next phase of pipeline surveillance contracts. The Niger Delta group noted that involving the two ex-militant leaders in protecting oil assets would...
By MBAFAN ADE, Abuja – The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says it has delivered 3,614,936 barrels of crude to three local refineries between September 2021 and May 2023. This is contrary to insinuations from some operators in the refinery business in Nigeria that...
The Federal Government on Wednesday inaugurated and handed over 500,000 cubic metre water scheme to Ogoni communities in Rivers. Residents of Ogoniland have been grappling with decades of crude oil spillages that polluted its ground and surface water to cancerous levels. Mr Ibrahim Yusufu, the Permanent Secretary, Federal Ministry...
TThe July 7, 2023, reported arrest of a vessel, MT Tura II (IMO number: 6620462), along Escravos River in Warri South West Local Government Area of Delta State. by Tompolos Tantita Security Services Nigeria Ltd, with about 150,000 metric tonnes of stolen crude oil valued at about $86.8million, has...
TANTITA Security Services Ltd. has intercepted MT TURA 11 vessel laden with 150, 000 litres of products suspected to be stolen crude oil with 12 crew on board. Capt. Warredi Enisuoh, Executive Director, Technical and Operations, disclosed this while addressing newsman on the arrest on Monday in Oporoza, Warri...