CrudeOil

In a move towards increasing Nigeria’s crude oil production and growing its reserves, NNPC Ltd has declared a state of emergency on production in Nigeria’s oil and gas industry. According…

Operatives of the Nigerian Navy Ship (NNS) Beecroft has arrested a vessel, Motor Tanker SAISNIL II. over alleged crude oil theft. According to a statement over the weekend, Base…

In its  ongoing fight against crude oil theft in the country, the Nigerian National Petroleum Company Limited (NNPCL and its partners, Tantita Security Services over the weekend arrested six…

The Minister of Information and Culture, Alhaji Lai Mohammed, has said the Federal Government is determined to end crude oil theft through the deployment of technology and additional…

Nigeria lost $3.2 billion in crude oil theft between January 2021 and February 2022, according to the Federal Government. The official N416.25 to dollar exchange rate converts the money…

The Federal Government has warned that it would no longer condone any form of criminality on the nation’s oil and gas facilities and installations, saying that crude oil thieves, pipeline…

Brent oil prices Monday shot past $60 a barrel for the first time in more than a year Monday with investors growing increasingly optimistic about demand as the global economy recovers from…

Justice Mojisola Dada of the Special Offences Court, sitting in Ikeja, Lagos has convicted and sentenced a fake crude oil merchant, Adesanya Olufemi, to twenty-one year imprisonment, for…

The Nigerian Maritime Administration and Safety Agency (NIMASA) has revived efforts to change the Terms of Trade for the affreightment of Nigerian crude oil from Free on Board (FOB) to Cost…

The federal government on Tuesday, argued that high cost of crude production had eroded net revenue from crude sales and depleted resources earmarked for development. Speaking during the…