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Jide Omokore

Absence of key witnesses stalls Omokore’s trial for $1.6 billion crude oil fraud

By Patience Danjuma  The absence of prosecution witnesses has stalled the trial of a businessman, Jide Omokore, and others for alleged diversion of $1.6 billion...

crude-oil

Nigeria lost $1.45bn worth of crude oil in 2015

Nigeria lost 27.1 million barrels of crude oil produced in 2015 despite huge expenses on industry security, the Nigeria Extractive Industries Transparency Initiative...

Petrol scarcity

NNPC blames marketers for fuel scarcity, says it can account for crude oil 

By Patience Danjuma  The Nigerian National Petroleum Corporation (NNPC) has blamed the current petroleum scarcity in the country on marketers of the product. The Group...

Emmanuel Ibe Kachikwu

FG to commence crude oil tracking by 2019

By Patience Danjuma  The Federal Government on Monday stated that from 2019, the country would begin tracking its crude oil and would be able to account for every drop...

Two-missing-after-explosion-on-crude-oil-barge-off-Texas

Two missing after explosion on crude oil barge off Texas

By Jite Eriabie  The U.S. Coast Guard is searching for two missing crew members following an explosion and fire onboard a barge loaded with crude oil off Port Aransas,...

crude-oil

Nigeria’s crude oil revenue hits N118trn in 53 years

The National Bureau of Statistics (NBS) says Nigeria realised more than N118 trillion from crude production and refining from 1961. The NBS report, which had inputs from...

Chief of Naval Staff (CNS), Vice Adm. Ibok Ete-Ibas

Navy committed to fight against crude oil theft, other maritime crimes 

By Patience Danjuma  The Chief of Naval Staff (CNS), Vice Adm. Ibok Ete-Ibas says the Nigerian Navy (NN) would continue to protect the nation’s maritime domain...

Libya’s crude oil output crashes

Libya’s crude oil output crashes by 360,000 bpd 

Libya’s crude production has fallen by 360,000 barrels per day after armed brigades blockaded pipelines and closed three oilfields, state-run National Oil Corporation...

NNPC MD Maikanti Baru

NNPC warns against crude oil transactions in ‘hotel rooms’ 

The Nigerian National Petroleum Corporation (NNPC) has warned unsuspecting buyers that it does not sell crude oil from hotel rooms. In a statement on Sunday, NNPC...

Minister of Science and Technology, Dr. Ogbonnaya Onu-

Nigeria now in post-crude oil era, says Onu 

Science and Technology Minister, Dr. Ogbonnaya Onu says the Federal Government has begun preparing for a post-crude oil era as the country is now looking beyond black...

crude-oil

The alternative to crude oil

By Lakin’ Goodluck  As the crude oil economy continues to lose its hegemony, there is no better time to vivaciously redirect our economic attention as a nation, in...

NNPC_MD_Dr_Maikanti_Kacalla_Baru

Crude oil production stands at 2.35m bpd – NNPC

The Nigerian National Petroleum Corporation (NNPC) said on Monday the nation’s current crude oil production has risen to 2.35 million barrels per day (bpd). Its Group...