Tag: Crude Oil
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FG laments over dip in oil production
Senator Heineken Lokpobiri, Minister of State, Petroleum Resources (Oil), has called for more investments in the oil and gas industry to ramp up production and boost foreign exchange earnings.
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We are not aware Dangote refinery imports crude oil from abroad – FG
The Federal Government of Nigeria has explained that it was unaware that Dangote Refineries imports its crude oil from the United States.
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Nigeria’s oil production nearing 1.7 million barrels per day – NNPC boss, Kyari
Mele Kyari the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited, has said that Nigeria’s Crude oil production is nearing 1.7 million barrels per day.
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First crude oil flows from OML 13 in historic milestone
The Nigerian National Petroleum Company Exploration and Production Limited (NNPC E&P Ltd.) and Natural Oilfield Services Ltd. (NOSL) have announced the successful commencement of oil production at Oil Mining Lease (OML) 13 in Akwa Ibom State.
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Ghanaian vessel stealing Nigeria’s crude oil arrested with 13 crew members
The Nigerian Navy (NN), says the teams operating under Operation Delta Sanity, have captured a Ghanaian Vessel, with 13 crew members for alleged crude oil theft. It said the crew comprised of one Ghanaian and 12 Nigerians on board the Ghanaian-owned and registered
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Navy impounds N1.05bn worth of crude oil in 1 week
The Nigerian Navy (NN) says the troops of Operation Delta Sanity have intercepted 4,036.7 barrels of crude oil and 270,600 litres of illegally refined AGO, valued N1.05 billion from oil thieves in one week.
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How Navy saved Nigeria over 91 thousand barrels of crude in 2023
A former Commandant of the Navy War College, Rear Admiral Murtala Bashir (rtd.), says the Nigerian Navy’s onslaught against oil thieves saved the nation 91,725.26 barrels of crude oil in 2023.
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NNPCL defends 2024 budget projections on crude oil
The Nigerian National Petroleum Company Ltd. (NNPCL) has assured that projections on crude oil production and price benchmark for the 2024 Budget were realistic and realisable.
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Oil theft, pipeline vandalism diminishing Nigeria’s Economy -Sen. Nwokocha
Senator Darlington Nwokocha (Abia Central, LP) has said Nigeria’s economy is on a downward trend as a result of oil theft and pipeline vandalism. He said crude oil and gas is the live wire of the country. Nwokocha spoke on Wednesday at the senate Ad-hoc fact finding committee meeting on oil theft and pipeline vandalism…
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PIA: NUPRC assures of domestic crude oil supply
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says the commission is committed to effective implementation of the Petroleum Industry Act (PIA 2021) for the sector to contribute more to national economy.