Tag:crude oil

Financial experts urge govt to invest crude oil gains as palliatives

Financial experts have advised the Federal Government to invest the gains from the excess crude oil sales to better the lot of Nigerians. A chartered...

Navy dismantles illegal refinery in Rivers, recovers 20,000 litres of stolen crude

The Nigerian Navy has deactivated an illegal refining in Bonny Local Government Area of Rivers State and recovered more than 20,000 litres of suspected...

Crude oil, condensate output drops in September, experts give reasons

The Nigerian National Petroleum Company Limited (NNPC Ltd.) has recorded 1.61 million barrels per day (mbopd) of Crude and condensate production in September, slightly...

Oil leak from OML 29 crude delivery line pollutes Bayelsa communities

An oil spill from an 8-inch crude delivery pipeline at Oil Mining Lease 29 (OML 29) has polluted Nembe communities around the Santa Barbara...

PETAN urges crude output boost for refineries

The Petroleum Technology Association of Nigeria (PETAN) has urged an urgent scale-up in crude oil output to match Nigeria’s growing refining capacity and boost...

Renaissance confirms oil leak, shuts crude feed into facility

The Renaissance Africa Energy Company Limited has confirmed oil leak from its facility in Ikata, Rivers State. Renaissance Africa Energy is a consortium of five...

Naira-for-Crude and matters arising

Recently, the Federal Executive Council (FEC) directed the full implementation of the Naira-for-Crude policy for local refiners. The Naira-for-Crude policy entails the sale of crude...

Nigeria meets OPEC’s crude oil production quota of 1.5m bpd

The Organisation of Petroleum Exporting Countries (OPEC) says Nigeria’s average daily crude oil production has increased significantly to 1.53 million Barrels Per Day (bpd)...

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Economist says reliable power supply key to Nigeria, India $1bn steel deal

An economic expert, Dr Emmanuel Eche, says implementing Nigeria’s deal with Indian company, Rashmi Metaliks Group, to develop its...
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UAE exit from OPEC signals need to reassess Nigeria’s oil strategy – Expert

An energy expert, Dr Billy Gillis-Harry, says the United Arab Emirates’ (UAE) exit from the OPEC signals the need...

Countries reach consensus on new strategy to scale adaptation action for most vulnerable

Countries and partners have reached consensus on a new programming strategy for the Global Environment Facility’s Least Developed Countries Fund (LDCF) and Special Climate...

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Economist says reliable power supply key to Nigeria, India $1bn steel deal

An economic expert, Dr Emmanuel Eche, says implementing Nigeria’s...

UAE exit from OPEC signals need to reassess Nigeria’s oil strategy – Expert

An energy expert, Dr Billy Gillis-Harry, says the United...