Tag: Crude Oil
The 9th OPEC/Non-OPEC Declaration of Cooperation Ministerial Meeting on Cruden Oil Cut
Nigeria has joined other OPEC+ counterparts in a historic curtailment of crude oil production to rebalance and stabilize the global oil markets. Nigeria is participating ... Read More
Oil, Gas Export Sales up to $416m – NNPC
The Nigerian National Petroleum Corporation (NNPC) says a total of crude oil and gas export sales of 416.07 million dollars was realised in June, which ... Read More
Oil prices at 4-year high after OPEC rebuffs Trump
Oil prices jumped more than 2 percent to a four-year high on Monday after Saudi Arabia and Russia ruled out any immediate increase in production. ... Read More
5 ships carrying various products expected at Port Harcourt ports
The Nigerian Ports Authority (NPA) says five ships carrying petroleum products, food and other goods are expected to berth at Port Harcourt port, between August ... Read More
Supply Cuts,Strong Demand, Draws Oil Price Closer to Late-2014 Highs
Oil prices held firm on Friday near three-year highs reached earlier this week as ongoing OPEC-led supply cuts, as well as strong demand, gradually draw ... Read More
Speaker Dogara Suggests Permanent Solution to Embarrassing Fuel Scarcity
Turaki Hassan, Abuja: Speaker of the House of Representatives, Hon Yakubu Dogara, has advocated for local refining of crude oil to make fuel available and ... Read More
NNPC Records $239.10 Million Crude Oil Export Sales
Ndu Ughamadu, Abuja: The Nigerian National Petroleum Corporation, NNPC posted a total crude oil and gas export sale of $239.10Million in the month of November, ... Read More
Crude Oil & Gas Revenue and Remittances
Ndu Ughamadu, Abuja: Federation Crude Oil and Gas lifting are broadly classified into Equity Export and Domestic. Both categories are lifted and marketed by NNPC ... Read More
254 Bids Nigerian Crude Grades, Sector Names Nigeria’s Biggest Buyer
Ndu Ughamadu, Abuja: For the third consecutive year, the gale of transparency and innovation in the marketing and management of Nigeria’s crude oil grades was ... Read More
NNPC Says It Can Account for Every Barrel of Oil Sold in Nigeria
The Nigerian National Petroleum Corporation (NNPC) has achieved 98 per cent automation of all transactions involving the supply, marketing and sale of the various grades ... Read More
In 10 Years Time, Oil Will No Longer Be An Income Resource – Kachikwu
The Minister of State for Petroleum Resources, Dr Ibe Kachikwu, says the world is moving away from oil, hence, it will no longer be an ... Read More
News Summary 12/04/2017; Arraignment of Suswam Stalled
Former Gov. Suswam Arraignment Stalled The arraignment of former Benue State Governor, Gabriel Suswan and two others before the Federal High Court Abuja was stalled ... Read More
128 Companies Bid for NNPC Direct Sale of Crude Oil and Direct Purchase of Products (DSDP) Programme
No fewer than 128 Indigenous and International Oil and Gas companies have indicated interest to participate in the Nigerian National Petroleum Corporation’s (NNPC) Direct Sale ... Read More
Why We Won’t Allow Illegal Refineries To Operate – Dogara
Speaker of the House of Representatives, Rt Hon Yakubu Dogara, has explained that illegal refineries cannot be allowed to operate in Nigeria because their operators ... Read More
Nigerian Military Foils Ship Hijacking In Niger Delta
Nigerian military has thwarted an attempted hijack of a vessel in the restive Niger Delta and separately arrested five pipeline vandals, a Nigerian military spokesperson ... Read More
Nigeria Navy Arrest 6 Oil Thieves In Akwa Ibom
Nigeria Navy has arrested six suspected oil thieves in Akwa Ibom State. In a statement signed by Director Information, Nigeria Navy, Commodore Christian Ezekobe, said ... Read More
NNPC Collaborates NSCDC On Pipeline Vandalism
The Group Managing Director of the Nigeria National Petroleum Corporation NNPC, Dr Maikanti Baru has solicited the cooperation of the Nigeria security and Civil Defence ... Read More
Agric: We’re In A Hurry To See Projects Take Off – President Buhari
Nigeria is in a hurry to see projects take off in the agricultural sector to enhance food security and create jobs for teeming unemployed youths. ... Read More
Expectations ahead of Ogoni land Cleanup
After years of environmental pollution and degradation caused by long period of oil exploration activities, President Muhammadu Buhari will be making a historic visit to ... Read More