September 07, 2022
Nigeria: IPMAN Strike - NMDPRA Says Will Fast-Track Settlement of Marketers' Claims
The midstream and downstream petroleum regulator says it has paid markteters N103 billion in nine months. Read more »
September 05, 2022
Nigeria: NMDPRA Contradicts NNPCL, Minister On Daily Petrol Consumption, Subsidy
NMDPRA also differs from finance minister on subsidy. Read more »
Nigeria: OPEC Agrees On Oil Production Cut
OPEC had last month agreed to raise oil output by 100,000 barrels per day. Read more »
Nigeria: Shell Investigating Oil Spill in Bayelsa - Official
"We are working with regulators and local community to investigate the reported incident." Read more »
Nigeria: Borno Fuel Marketers Begin Warning Strike
"We members of IPMAN have decided to embark on a three-day withdrawal of services at depots as warning action," an official says. Read more »
Nigeria: Nigeria's Massive Oil Theft Scandal and Lack of Enlightened Self-Interest
We call on the Buhari administration to create as much of a legacy as is still possible, in the next couple of decisive months in which it remains in office, by taking a firmer… Read more »
September 04, 2022
Nigeria: NNPC Insists 68 Million Litres of Petrol Supplied Across Nigeria Daily
The company says it imported 16.46 billion litres of petroleum between January and August 2022, translating to an average of 68 million litres per day. Read more »
August 30, 2022
Nigeria: Nigeria Losing 95 Percent Oil Production At Bonny Terminal to Theft - Kyari
"I can tell you in one line just less than 200 kilometres we had 295 illegal connections and you see the data". Read more »
Nigeria: Why We Awarded Multi-Billion Naira Pipeline Protection Contract to Tompolo - NNPC
The clarification came amid reports that NNPC Limited awarded a N48bn pipeline surveillance contract to Tompolo. Read more »
Nigeria: Nigeria's State Oil Firm in 'Locked Pact' to Supply Dangote Refinery Crude Oil for 20 Years
The agreement will help Nigeria side-step the likely crude oil glut that will follow as more countries move away to cleaner energy. Read more »
August 25, 2022
Nigeria: Military Nabs 21 Pipeline Vandals, Seizes Stolen Petroleum Products
"Oil thieves were denied a cumulative total of N3.7 billion worth of products comprising N1.3 billion worth of crude oil; N2.3 billion worth of AGO; N4.6 million worth of PMS and… Read more »
August 26, 2022
Nigeria: Reps Summon Auditor-General Over NNPC Fuel Subsidy Payment Documents
The lawmakers want the auditor-general to provide documentary evidence on the audit carried out on the monies spent on fuel subsidy by the Nigerian National Petroleum Corporation… Read more »
August 25, 2022
Nigeria: 1,086 Oil Spills Recorded in Seven Years in Bayelsa - Agency
"As a nation, we lose revenue, individuals lose livelihood because the oil will impact on areas where they either fish or farm and then it is also a loss to the oil companies and… Read more »
August 24, 2022
Nigeria: ExxonMobil, Shell Agree to End Lawsuits Against NNPC Over Oil Contracts - Report
The firms are ending their litigation after NNPC extended their production sharing agreements. Read more »
August 22, 2022
Nigeria: Oil Fall Continues Complicating Nigeria's Revenue Problems
The prices fell more than 1 per cent, ending three days of gains. Brent crude futures for October settlement declined $1.58, or 1.6 per cent, to $95.14 a barrel by 0640 GMT. Read more »
August 18, 2022
Nigeria: Nigerian Govt Mulls National Summit On Removal of Petroleum Subsidy
Finance Minister says the idea of a national forum to remove petroleum was that of the National Assembly. Read more »
August 13, 2022
Nigeria: NNPC Launches App to Check Crude Oil Theft
The oil company says informants will be compensated. Read more »
August 11, 2022
Nigeria: Troops Apprehend 10 Pipeline Vandals, Two High Profile Sea Pirates - DHQ
DHQ says several illegal oil refining sites were discovered and destroyed by the troops during the operations. Read more »
August 10, 2022
Nigeria: Buhari Backs Down on Takeover of ExxonMobile Water Business
A spokesperson says the president decided the position of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) is to be supported, and the earlier confusion was because… Read more »
August 08, 2022
Nigeria: Buhari Approves Seplat's Acquisition of Mobil Nigeria From Exxonmobil
Seplat's move to take over the asset suffered setback after NNPC asserted a right of first refusal on the deal. Read more »
August 04, 2022
Nigeria: UN Slams Oil Companies' 'Immoral' Profits, Urges Govts to Tax More
Oil and gas firms are cashing out on Russia's invasion of Ukraine, as people around the world pay more for energy. Read more »
Nigeria: Opec Raises Nigeria's Oil Quota for September
OPEC raised its total quota weeks after U.S. President Joe Biden visited Saudi Arabia try get big oil producers to pump more crude to cut prices. Read more »
August 03, 2022
Nigeria: EU Makes Offers to Nigeria to Drive LNG Supply to Replace Russian Gas
"We can no longer count on gas coming from the Russian Federation and we want to build a new partnership with countries like Nigeria with whom we have an already well established… Read more »
August 02, 2022
Nigeria: Oil Theft - SPDC to Deploy Drones to Monitor Pipelines, Wellheads
"We have signed a contract, and soon we will start using drones to monitor our pipelines, wellheads and other facilities." Read more »
July 27, 2022
Nigeria: Nigerian Govt Withdrew $1 Billion From Excess Crude Account for Security - Minister
The disclosure comes after reports showed the government has depleted the savings over the years. Read more »