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Oil thieves abandon vessel with crude oil at Onne

Oil thieves abandon vessel with crude oil at Onne

The Executive Officer, Nigerian Navy Ship, NNS Pathfinder, Capt. Victor Choji has said that a vessel with about 1.8 million litres of crude oil, stolen from pipelines,...

Oil thieves abandon vessel with crude oil at Onne

Oil thieves abandon vessel with crude oil at Onne

The Executive Officer, Nigerian Navy Ship Pathfinder, Capt. Victor Choji has said that a vessel with about 1.8 million litres of crude oil, stolen from pipelines, has...

Commission okays Norway's $1tr wealth fund oil stocks investments

Crude oil tops $75 on supply cuts, strong demand

Crude oil rose above $75 a barrel on Tuesday to its highest since November 2014 before paring some gains. The rise was supported by OPEC-led production cuts, strong...

Libyan port strike spikes crude oil price

Libyan port strike spikes crude oil price

  Crude oil prices rose on Tuesday after Libya said loadings of crude at a key port had been suspended. This recent spike offsets an earlier dent to crude oil...

Reps propose ban on fish importation in two years

Reps probe $21bn crude oil loss 

By Omotilewa Quadri  An ad-hoc committee of the House of Representatives on Wednesday began a probe into the alleged loss of crude oil in Nigeria worth $21 billion....

US to overtake Saudi as crude oil producer

US to overtake Saudi as crude oil producer

The United States of America is set to overtake Saudi Arabia as the world’s number two oil producer after Russia this year, as shale companies, attracted by rising...

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...