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Tag:crude oil

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...

Group seeks urgent action on crude oil induced fire outbreak in Rivers community

The Environmental Defenders Network (EDEN) has called for urgent intervention by the relevant authorities to stop the oil spill from a leaking well head...

Crude oil spills in Ogboinbiri community in Bayelsa now a routine, group alerts

The incessant oil spills in Ogboinbiri Community in Southern Ijaw LGA of Bayelsa State has nowbecome a monthly occurrence, with the most recent happening...

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Power sector reforms will lead to sustainability, says Adelabu

The Federal Government has reiterated its commitment to setting the power sector on the path of sustainability and bankability...
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Burkina Faso takes bold steps to safeguard ivory stocks, combat wildlife crime

In June 2025, Burkina Faso marked a significant milestone in its commitment to elephant conservation and the fight against wildlife trafficking,...

GCR upgrades Shelter Afrique’s long and short-term issuer ratings, maintains stable outlook

Global Credit Ratings (GCR) has affirmed and upgraded Shelter Afrique Development Bank’s (ShafDB) international and several key national scale...

Must read

Power sector reforms will lead to sustainability, says Adelabu

The Federal Government has reiterated its commitment to setting...

Burkina Faso takes bold steps to safeguard ivory stocks, combat wildlife crime

In June 2025, Burkina Faso marked a significant milestone in its...
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