October 12, 2022
Nigeria: Shell Nigeria Investigating Illegal Pipeline
'Shell Nigeria is investigating whether an illegal pipeline carried stolen crude to one of the company's offshore platforms as alleged by the Nigerian National Petroleum Company… Read more »
October 11, 2022
Nigeria: Navy Fingers Global Oil Companies in Multi-Billion Dollar Crude Oil Theft Ring
The Nigerian Navy has fingered International Oil Companies (IOCs) and Multinational Oil Companies (MOCs) as syndicates in the crude oil theft ring in the Niger Delta region. Read more »
October 07, 2022
Nigeria: Fuel Scarcity - Lokoja Flood Cuts Off Tankers Supplying Abuja, Others
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has said that the current petrol scarcity in Abuja and other states in the North is caused by flooding… Read more »
October 05, 2022
Nigeria: Petrol Queues Surface in Abuja As Marketers Fault Logistics
There were fresh queues springing across petrol retail stations in Abuja building up from the weekend as some marketers blamed it on low loading from the depots and poor state of… Read more »
Nigeria: NNPC Net Profit Leaps to N674bn, Sells N11trn Oil in 6 Months
The Nigerian National Petroleum Company Ltd has declared a N674 billion profit after tax for 2021, rising by 134.8 per cent higher than the N287bn it recorded in 2020. Read more »
September 26, 2022
Nigeria: NNPC Debunks Claims of Operating Secret Account
The Nigerian National Petroleum Company Ltd has said it does not operate a secret account. Read more »
September 21, 2022
Nigeria: Crude Oil Theft May Crash Economy, Lawan Warns
Senate President Ahmad Lawan has warned that unless prompt action is taken, crude oil theft may stagnate the economy and drive it into a coma. Read more »
September 20, 2022
Nigeria: SNEPCo to Shut Down 200,000 Bpd Bonga Vessel for Maintenance
Shell Nigeria Exploration, and Production Company Limited (SNEPCo) has announced that its 200,000 barrels per day capacity Bonga Floating Production Storage and Offloading (FPSO)… Read more »
September 16, 2022
Nigeria: Nigeria-Morocco Gas Pipeline to Create Wealth - NNPCL Boss
The Group Chief Executive Officer of the Nigerian National Petroleum Company Ltd, Mele Kyari, has said that the Nigeria-Morocco Gas Pipeline Project will create wealth, and improve… Read more »
September 02, 2022
Nigeria: Nigeria Losing N14trn to Crude Oil Theft Yearly As NNPC Heightens Surveillance
At least crude oil worth $20 billion (estimated N14 trillion at N700/$1) may be lost to theft in Nigeria in one year just as the Nigerian National Petroleum Company (NNPC) Ltd said… Read more »
September 01, 2022
Nigeria: How High Cost of Diesel Grounded Our Businesses - Owners
Business owners in Nigeria have narrated how high cost of diesel has kicked them out of business, thereby causing more hardship for them and their staff. Read more »
August 31, 2022
Nigeria: Govt Clamps Down On Vandals, Oil Thieves
The federal government yesterday said it would clamp down on vandals and oil thieves sabotaging the economy. Read more »
August 29, 2022
Nigeria: We're Not Getting Enough Value for N3.2bn Spent On Pipeline Security - Finance Minister
The Minister of Finance, Budget and National Planning, Zainab Ahmed has said that Nigeria is not getting value for billions of naira it is spending on pipeline security to address… Read more »
August 25, 2022
Nigeria: 1,086 Oil Spills Recorded in Seven Years in Bayelsa
The National Oil Spill Detection and Response Agency (NOSDRA) has said that 1,086 oil spills were recorded in Bayelsa State alone from 2015 to February 2022. Read more »
August 19, 2022
Nigeria: Tanker Drivers Block Zaria-Kano Expressway
Tanker drivers Thursday blocked the Zaria-Kano Expressway for eight hours after a driver was allegedly injured by the staff of the Kaduna State Urban Development Authority… Read more »
August 15, 2022
Nigeria: Aviation Fuel - Get CBN, NNPC to Make Fx Available, LCCI Tells Govt
The Lagos Chamber of Commerce and Industry (LCCI) has expressed concern over the aviation crisis, calling on the federal government to immediately consider involving the Central… Read more »
August 11, 2022
Nigeria: Nigeria's Crude Oil Production Averaged 1.183m Barrels Per Day in July - OPEC
The Organisation of the Petroleum Exporting Countries (OPEC) says Nigeria's crude oil production increased to an average of 1.183 million barrels per day (bpd) in July 2022. Read more »
August 12, 2022
Nigeria: Nigeria Crude Oil Production May Drop As Maritime Workers Down Tools
There are strong indications that Nigeria may not be able to meet its crude oil quota for the month of August as members of the Maritime Workers Union of Nigeria (MWUN), onboard… Read more »
August 10, 2022
Nigeria: Oil Subsidy - Reps Summon Finance Minister, Give One-Week Ultimatum
The House of Representatives has given one week to the Minister of Finance and National Planning, Zainab Ahmed, to present details of all contract agreements between NNPC and oil… Read more »
August 08, 2022
Nigeria: Buhari Approves Seplat's Acquisition of Exxon Mobil's U.sS.$1.3 Billion Oil Assets
President Muhammadu Buhari has consented to the acquisition of Exxon Mobil shares in the United States of America by Seplat Energy Offshore Limited. Read more »
August 09, 2022
Nigeria: Buhari Approves U.S.$1.3 Billion Exxonmobil's Oil Assets Acquisition By Seplat
President Muhammadu Buhari has consented to the acquisition of Exxon Mobil shares registered in United States of America by Seplat Energy Offshore Limited. Read more »
August 08, 2022
Nigeria: Buhari Appoints Lamido As NUPRC's Commissioner
President Muhammadu Buhari has forwarded the name of Muhammad Sabo Lamido to the Senate as Executive Commissioner, Finance and Accounts, for the Nigerian Upstream Petroleum… Read more »
Nigeria: Oil Theft - Nigeria Loses 400,000 Barrels Daily - Govt
The Minister of State for Petroleum Resources, Dr Timipre Sylva, has said that the country loses 400,000 barrels of crude daily via oil theft. Read more »
Nigeria: 'Nigeria Spending U.S.$1.5 Billion On Refineries That Won't Work'
Mr Segun Sanni, the Chief Economist of Afenifere, the pan Yoruba socio-political organisation, said the $1.5 billion being expended on the Port Harcourt refineries by the federal… Read more »
Nigeria: Regulatory Commission Dares Buhari, Rejects Sale of Exxonmobil's Assets
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has rejected President Muhammadu Buhari's assent to the acquisition of ExxonMobil's assets by Seplat Energy.... Read more »