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…

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…

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…

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…