Tag: oil
FG targets fresh $20bn oil, gas deal
The Federal Government is set to seal a deal worth $20 billion to boost oil and gas production in Nigeria.
Minister of State for Petroleum...
NNPCL, NOSL begin oil production in Akwa Ibom
NNPC Exploration and Production Limited (NNPC E&P Ltd), NNPCL’s flagship upstream subsidiary, and Natural Oilfield Services Ltd (NOSL), a subsidiary of Sterling Oil Exploration...
EFCC probes 11 oil thieves in Lagos
The Economic and Financial Crimes Commission (EFCC) says it has commenced an investigation of 11 suspected oil thieves and one vessel, MT SAISNIL II,...
NNPCL, partner begin oil production at Madu Field, target 20,000bpd
The Nigerian National Petroleum Company Limited (NNPCL) and its Joint Venture partner in OML 85, First Exploration and Petroleum Development Company Limited (First E&P),...
Libya’s oil minister suspended over fraud
Libya's oil and gas minister in the Government of National Unity (GNU), Mohamed Aoun, has been temporarily suspended from work over alleged fraud.
The Administrative...
NNPCL to EFCC: Help us in fight against oil theft
The Nigerian National Petroleum Company Limited (NNPCL) has appealed to the Economic and Financial Crimes Commission (EFCC) to help tackle the menace of crude...
EFCC quizzes 11 oil thieves in Rivers
The operatives of the Port Harcourt Zonal Command of the Economic and Financial Crimes Commission (EFCC) have commenced an investigation of 11 suspected oil...
Tinubu signs executive orders on oil, gas reforms
President Bola Tinubu has issued policy directives to improve the investment climate and position Nigeria as the preferred investment destination for the oil and...
Oil prices increase after OPEC+ extends output cuts
Oil prices increased slightly on Monday, March 4, 2024, after OPEC+ members, on Sunday, announced an extension to oil production cuts first announced in...
Fuel queues: FG appeals as oil marketers down tools
The Federal Government has promised to address the concerns of oil transporters and distributors to ensure smooth distribution following the high cost of operations...
