crude oil

FG increases oil output to 2m bpd December

The Federal Government has announced plans to increase crude oil production to two million barrels per day (bdp) and beyond…

1 year ago

Nigeria loses $4m crude oil daily – Ribadu

Despite efforts to end oil theft, Nigeria is still losing 400,000 barrels of crude oil daily to local and international…

1 year ago

NNPCL intercepts vessel with 800,000 litres stolen crude oil

A vessel conveying 800,000 litres of suspected stolen crude oil has been intercepted by a private security contractor engaged by…

1 year ago

Kyari: NNPCL ending crude oil swap contracts

The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited, Mele Kyari, says the NNPCL is winding down…

2 years ago

NNPCL nabs 6 oil thieves, destroys barge

The Nigerian National Petroleum Company Limited (NNPCL) says it has intercepted an illegal crude oil barge and arrested six suspected…

2 years ago

Malami: Claim of $2.4bn oil loss baseless

The Attorney General of the Federation (AGF) and Minister of Justice, Abubakar Malami, has dismissed claims that Nigeria lost over…

2 years ago

Osinbajo: Those in charge of crude oil must be accountable for failures

Vice President Yemi Osinbajo says tackling crude oil theft and sabotage remains a major concern of the Federal Government, stressing…

2 years ago

NSA: Crude oil theft, biggest threat to Nigeria’s economy

The National Security Adviser (NSA), Maj.-Gen. Babagana Monguno (Retd), says crude oil theft is arguably the biggest threat to Nigeria’s…

2 years ago

NUPRC opens bid round for seven offshore oil blocs

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced the Mini Bid Round 2022 for new crude oil exploration and…

2 years ago

Minister: Nigeria loses 700,000 barrels of crude oil to thieves daily

The Minister of State for Petroleum Resources, Timipre Sylva, says Nigeria loses at least 700,000 barrels of crude oil to…

2 years ago

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