Reps to investigate crude oil allocation under DSDP
This followed the adoption of a motion of urgent national importance by Abubakar Yallema (APC-Sokoto) at Wednesday’s plenary.
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Tag: crude oil
DPR writes Shell, insists on refund of 2m barrels of crude oil
Crude oil theft either through deliberate false metering by some oil majors or illegal bunkering by cartels is rife in ...
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NNPC posts $108m for crude oil, gas export sales in November – Report
The Corporation disclosed this in its Monthly Financial and Operation Report for the month of November 2020, released in Abuja ...
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Oil falls below $40 per barrel as OPEC forecasts slower demand recovery
Brent, against which Nigeria’s crude oil is priced, fell by $0.36 to $39.47 per barrel.
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NIMASA key in stopping Nigeria’s oil dependence — Gov. Diri
Diri stated this on Monday in Lagos when he paid a courtesy visit to the headquarters of NIMASA.
Read moreNNPC posts crude oil, gas export receipts of $378.42m in June
The NNPC in a release by its Group General Manager, Group Public Affairs Division, Dr. Kennie Obateru, stated that petroleum ...
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‘Missing’ 48m barrels of crude: Nigerian lawyer, foreign collaborators in trouble
The lawyer is being assisted in the scheme by collaborators said to be from Mexico and the United States of ...
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Reps move to block $30b annual revenue leakage
The investigative hearing, which began on Monday in Abuja, was organised by the joint House Committees on Finance, Banking and ...
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Tracking Baru’s footprints of oil, by Bisi Daniels
A God-fearing person, he had gone for a programme in Arabic Studies in Egypt upon retirement to know Allah more ...
Read moreBrent oil rises to $40 amid hopes for output cuts, recovery
Brent crude futures for August rose 43 cents, or 1.1 per cent, at $40 a barrel, by 0252 GMT.
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FG amending oil benchmark for 2020 Budget
Nigeria’s economy, which emerged from a recession in 2017, was already contending with low growth of around 2 per cent ...
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Nigeria posts $434.85m crude oil export sales in January
Nigeria recorded crude oil and gas export sale of $434.85 million in January 2020, an increase of 94.30 per cent ...
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OPEC+ countries agree on output reduction
Ministers of the OPEC+ countries agreed in a video conference on Sunday to boost oil prices by cutting production by ...
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Crude oil: FG to achieve national target of 3m bpd before 2023 — Kyari
Mele Kyari, Group Managing Director, Nigerian National Petroleum Corporation, said this while addressing the House of Representatives Committee on Petroleum ...
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Nigeria lost $1.35b worth of crude oil in six months — NEC
The National Economic Council on Thursday urged the Nigerian National Petroleum Corporation to engage the National Intelligence Agency to identify ...
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Serial lies about Amnesty programme, by Murphy Ganagana
It is a sad commentary that the Niger Delta people face the paradox of having an amazing wealth in crude ...
Read moreNigeria loses 22mb of crude oil in six months — Gov. Obaseki
The Edo State Governor, Godwin Obaseki, said the nation lost about 22 million barrels of its crude oil production to ...
Read moreNNPC targets China to boost Crude oil reserves
The Nigerian National Petroleum Corporation says strategic partnership and new investments in the Upstream Petroleum Sector are essential to actualise ...
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Crude oil thieves are in for hard time – IGP’s task force
Jibrin, an Assistant Commissioner of Police, gave the warning on Tuesday during his maiden visit to the Warri unit of the ...
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Court adjourns FG’s $406.7m debt recovery suit against Shell
A Federal High Court Lagos on Thursday adjourned until June 19, hearing in a debt recovery suit filed by the ...
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