A major oil spill has been confirmed at the Egina approximately 150km off the coast…
Tag: oil
Cost of shipping oil from Nigeria soars
The cost of shipping oil from Nigeria surged the most in more than a year…
Singapore court jails two workers for transferring oil to N’Korean ship
A court in Singapore has sentenced two men to various jail terms for the roles…
NEITI: Nigeria earned $741bn from oil, gas in 21 years
Nigeria earned $741.74 billion from sales proceeds and taxes on oil and gas resources in…
Oil surges as Ukraine tensions stoke supply concerns
Brent oil soared to $95 a barrel for the first time since 2014 as political…
Operator produces first oil from shallow-water project off Bayelsa
Nigerian operator First E&P has started oil production from a shallow-water project located offshore Nigeria…
Ship spills fuel oil off Mauritius
Fuel oil has started to wash ashore from the leaking bulk carrier MV Wakashio that…
Oil rises to two-month high amid demand recovery
Oil rose to levels not seen since COVID-19 lockdowns paralyzed the world’s largest economy, lifted…
Buhari: What we earn from oil does not meet our needs
President Muhammadu Buhari says although Nigeria is rich in petroleum resources, the earnings from oil…
Nigeria earned $21bn from oil, gas sector in 2017 – NEITI
The Nigeria Extractive Industries Transparency Initiatives (NEITI) says Nigeria earned 21 billion from the oil…
Two sent to prison in Rivers for illegal dealings in oil
A Federal High Court sitting in Port Harcourt, Rivers State has sentenced Michael Adamu to…
Buhari presents N8.1tr 2020 budget, pegs oil benchmark at $57
President Muhammadu Buhari has presented the 2020 appropriation bill with total expenditure of N10.73 trillion…