The Executive Officer, Nigerian Navy Ship Pathfinder, Capt. Victor Choji has said that a vessel with…
Tag: crude oil
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…
Libyan port strike spikes crude oil price
Crude oil prices rose on Tuesday after Libya said loadings of crude at a key…
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…
Absence of key witnesses stalls Omokore’s trial for $1.6 billion crude oil fraud
The absence of prosecution witnesses has stalled the trial of a businessman, Jide Omokore, and…
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…
NNPC blames marketers for fuel scarcity, says it can account for crude oil
The Nigerian National Petroleum Corporation (NNPC) has blamed the current petroleum scarcity in the country…
FG to commence crude oil tracking by 2019
The Federal Government on Monday stated that from 2019, the country would begin tracking its…
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…
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…
Navy committed to fight against crude oil theft, other maritime crimes
The Chief of Naval Staff (CNS), Vice Adm. Ibok Ete-Ibas says the Nigerian Navy (NN) would…