Tag:crude oil

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)...

PETROAN lauds govt’s exportation ban of crude oil allocated to refineries

The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has commended the Federal Government for placing a ban on the exportation of crude...

Petrol price hike a reflection of spike in global crude oil prices – Dangote Refinery

Dangote Petroleum Refinery has made a significant and commendable decision to absorb a substantial portion of rising global oil prices, ensuring that Nigerians continue...

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Improved water use can feed 10bn, create 245m jobs – World Bank

The World Bank Group has called for a global rebalancing of water use in agriculture, a move critical to...
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Power: Govt addressing persistent gas supply challenges – Minister

The Minister of Power, Mr Adebayo Adelabu, says the Federal Government has taken decisive steps to address persistent gas...

World Wildlife Day 2026 celebration in New York highlights cross-sector collaboration to combat illegal wildlife trade

In the heart of Midtown Manhattan, United for Wildlife and the CITES Secretariat hosted leaders from the finance, technology,...

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Improved water use can feed 10bn, create 245m jobs – World Bank

The World Bank Group has called for a global...

Power: Govt addressing persistent gas supply challenges – Minister

The Minister of Power, Mr Adebayo Adelabu, says the...