Nigeria loses an average of 7.2m dollars monthly from illegal crude oil connection discovered in Abia – FG
Aug. 27, 2023 An oil theft situation assessment delegation deployed in the Niger Delta by President Bola Tinubu discovered an illegal oil connection on Saturday. From the illegal connection discovered…
Former Nigerian oil minister Alison-Madueke charged with bribery by UKÂ
August 22, 2023 British police said on Tuesday they had charged former Nigerian oil minister Diezani Alison-Madueke with bribery offences, saying they suspected she had accepted bribes in return for…
Nigeria’s Forcados crude oil exports resume one month after suspension – Shell
Exports of Nigeria’s Forcados grade of crude oil resumed on Sunday, a Shell (SHEL.L) spokesperson said on Monday, roughly a month after loadings of the medium sweet grade were suspended…
Non-OPEC oil supply to expand by 1.5mb/d in 2023 – OPEC
Aug. 11, 2023 The Organisation of the Petroleum Exporting Countries (OPEC) says, its Non-OPEC oil supply is expected to expand by 1.5 million barrels per day (mb/d) in 2023. This…
Repairs on Nigeria’s Forcados crude terminal may be complete next week
August 1, 2023 Repair work on Nigeria’s suspended Forcados crude oil terminal is expected to be complete by early next week, a shipping source told Reuters. Shell suspended loadings of…
Saudi Arabia, Russia deepen oil cuts sending prices higher
July 3, 2023 Saudi Arabia and Russia, the world’s biggest oil exporters, deepened oil cuts on Monday, sending prices higher despite concerns over a global economic slowdown and possible further…
Oil Production: Nigeria has surpassed OPEC’s quota- NUPRC Chief Executive
June 9, 2023 The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says its focus is to exceed the Organisations of Petroleum Exporting Countries (OPEC)’s oil production quota of 1.74 million barrels…
Bi-lateral cooperation: Saudi donates 50 tonnes of dates to Nigeria
June 6, 2023 The Kingdom of Saudi Arabia on Tuesday, presented a donation of 50 tonnes of high quality dates to Nigeria, in a bid to deepen bilateral relations between…
NNPC winding down crude oil swap contracts – KyariÂ
June 5, 2023 Nigeria’s state oil firm NNPC Ltd is winding down crude swap contracts with traders and will pay cash for gasoline imports, its chief executive told Reuters, adding…
Solar power due to overtake oil production investment for first time -IEA
May 25, 2023 Investment in clean energy will extend its lead over spending on fossil fuels in 2023, the International Energy Agency said on Thursday, with solar projects expected to…