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22/03/2024

Security Measures in Niger Delta Increase Oil Output By 200,000 Barrels - Adviser

By Baba Martins

Petroleumnewsngr.com

The Special Adviser to the President on Energy, Mrs Olu Verheijen, yesterday said the administration of President Bola Tinubu opted for fiscal incentives in the oil and gas sector to attract investments, adding that the enhanced security measures in the Niger Delta has led

Security Measures in Niger Delta Increase Oil Output By 200,000 Barrels - Adviser By Baba Martins Petroleumnewsngr.com The Special Adviser to the

20/11/2023

By Mary Izuaka

"We also appeal for consistency and uniformity in the use of the company's brand name which is NNPC Ltd, and not NNPCL or any other variant," Mr Soneye said.
The Nigerian National Petroleum Company Limited (NNPC Ltd), on Monday, said its company's brand name is NNPC Ltd and not NNPCL.
Olufemi

By Mary Izuaka "We also appeal for consistency and uniformity in the use of the company's brand name which is NNPC Ltd, and not NNPCL or any other variant,

15/10/2023

NNPC Jettisons Oil Swap Deals, Pays Cash for Fuel Imports

By Ejiofor Alike in Lagos and Emmanuel Addeh in Abuja

The Nigerian National Petroleum Company Limited (NNPC) has begun buying petrol via cash tenders, rather than oil swaps, for the first time in nearly a decade, four sources familiar with the matter told Reuters.
This

NNPC Jettisons Oil Swap Deals, Pays Cash for Fuel Imports By Ejiofor Alike in Lagos and Emmanuel Addeh in Abuja The Nigerian National Petroleum

11/10/2023

Illegal Oil Refinery Explosion Kills 37 In Rivers

By Mary Izuaka

The explosion incident occurred at an illegal refinery site in the early hours of Monday.
At least 37 people, including two pregnant women, were burned to death after a blast in an illegal oil refinery in a community in River State, South-south Nigeria, a report has said.
The

Illegal Oil Refinery Explosion Kills 37 In Rivers By Mary Izuaka The explosion incident occurred at an illegal refinery site in the early hours of Monday.

11/10/2023

Militants threaten to resume attacks on oil facilities

By Emma Amaize, Regional Editor, South-South

A dreaded militant group, Reformed Niger Delta Avengers, RNDA, yesterday, threatened to resume attacks on oil pipelines, accusing the Nigerian National Petroleum Corporation, NNPC Limited, of sidetracking indigenous Niger Delta contractors.

Militants threaten to resume attacks on oil facilities By Emma Amaize, Regional Editor, South-South A dreaded militant group, Reform

31/07/2023

Police/Army Clamp Down On Illegal Oil Refining Site in Delta

Troops of the Nigerian Army, operatives of the Nigerian Security and Civil Defence Corps (NSCDC) and those of a private security firm have jointly uncovered a major illegal refining site in Delta.
Director, Army Public Relations, Brig.-Gen.

Police/Army Clamp Down On Illegal Oil Refining Site in Delta Troops of the Nigerian Army, operatives of the Nigerian Security and Civil Defence Corps (NSCD

27/07/2023

Sub-Saharan Africa Oil Drilling, Nigeria Caught Up With Angola

Nigeria has equaled Angola as the largest oil drilling market in sub-Saharan this year, according to a report by Hawilti and the Caverton Offshore Support Group.

Sub-Saharan Africa Oil Drilling, Nigeria Caught Up With Angola Nigeria has equaled Angola as the largest oil drilling market in sub-Saharan this year, ac

12/06/2023

ExxonMobil President Visits Tinubu

Stephen.U.C

www.petroleumnewsngr.com
Abuja — President Bola Tinubu yesterday pledged to ensure competition in the oil and gas industry in the country, following a visit by officials of ExxonMobil Nigeria, to the State House in Abuja.
None

ExxonMobil President Visits Tinubu Stephen.U.C www.petroleumnewsngr.com Abuja — President Bola Tinubu yesterday pledged to ensure competition in the oi

29/05/2023

NUPENG Counsels Tinubu Against Removal of Fuel Subsidy

Stephen U.C

www.petroleumnewsngr.com
Nigeria Union of Petroleum and Natural Gas Workers, NUPENG, has counseled Asiwaju Bola Tinubu, as he takes over the presidency of the country, not to rush in removing subsidy in Premium Motor Spirit, PMS, commonly known as petrol because of its socio-economic implications.
NUPENG

NUPENG Counsels Tinubu Against Removal of Fuel Subsidy Stephen U.C www.petroleumnewsngr.com Nigeria Union of Petroleum and Natural Gas Workers, NUPENG, h

21/05/2023

Govt seeks $12bn to Clean Oil Pollution in Bayelsa State

Stephen U.C

www.petroleumnewsngr.com
Restoration of and clean up of decades-long oil pollution in crude producing states will cost at least $12 billion, investigators said yesterday.
Bayelsa

Govt seeks $12bn to Clean Oil Pollution in Bayelsa State Stephen U.C www.petroleumnewsngr.com Restoration of and clean up of decades-long oil polluti

16/05/2023

Otedola Receives $19 Million in Arbitration Award From Ardova Over Forte Oil Sale.
www.petroleumnewsngr.com

By Ronald Adamolekun

The settlement followed a ruling last October by the London Court of International Arbitration.
Energy tycoon Femi Otedola has received $19 million in arbitration award over the share purchase agreement (SPA)

Otedola Receives $19 Million in Arbitration Award From Ardova Over Forte Oil Sale. www.petroleumnewsngr.com By Ronald Adamolekun The settlement followed

22/02/2023

Those Managing Nigeria’s Oil Must Account for Crude Oil Theft

Says addressing crude oil theft, sabotage major concern of govt

Deji Elumoye in Abuja

Vice President Yemi Osinbajo has declared thattackling crude oil theft and sabotage remains a major concern of the Federal Government saying those in charge must be accountable because, besides economic consequences, institutional and personal

Those Managing Nigeria’s Oil Must Account for Crude Oil Theft Says addressing crude oil theft, sabotage major concern of govt Deji Elumoye in

22/02/2023

Shell Pledges Support as Federal Govt's moves to Preserve Oloibiri Heritage.

Oloibiri is where Shell first struck oil in commercial quantity in 1958.
The Shell Petroleum Development Company of Nigeria Limited (SPDC) has restated its commitment to support the federal government's efforts to preserve the heritage of Oloibiri in Bayelsa State.Oloibiri

Shell Pledges Support as Federal Govt's moves to Preserve Oloibiri Heritage. Oloibiri is where Shell first struck oil in commercial quantity in 1958. T

22/02/2023

Peter Obi promises to move Nigeria beyond oil, end petrol subsidy and scarcity

Peter Obi, the most popular and likely winner of the 25th February presidential election, says the country must look for ways to run beyond oil.

Peter Obi promises to move Nigeria beyond oil, end petrol subsidy and scarcity Peter Obi, the most popular and likely winner of the 25th February president

31/01/2023

Salami - to Boost Revenue, Govt Should Explore IJVs in Upstream Oil Subsector

31 JANUARY 2023

This Day (Lagos)

By Peter Uzoho

Partner and Head, Energy and Natural Resources, KPMG Professional Services, Mr.

Salami - to Boost Revenue, Govt Should Explore IJVs in Upstream Oil Subsector 31 JANUARY 2023 This Day (Lagos) By Peter Uzoho Partner and Head, En

31/01/2023

Uganda's Oil Drilling a Major Environmental Blow

petroleumnewsngr.com

Uganda has launched its first oil drilling programme after it discovered crude reserves estimated at 6.5 billion barrels, with 1.4 billion recoverable nearly two decades ago in the western region in the Lake Albertine basin, Kingfisher and Tilenga oilfields.

Uganda's Oil Drilling a Major Environmental Blow petroleumnewsngr.com Uganda has launched its first oil drilling programme after it discovered crude

27/01/2023

Nigerian President Muhammadu Buhari opened the first oil drilling site in the country's north Tuesday, saying it will bring energy security and economic development.

The fresh source of oil comes as Nigeria's production ranking has dropped from Africa's top spot due to the theft of oil in the Niger Delta.

Nigerian President Muhammadu Buhari opened the first oil drilling site in the country's north Tuesday, saying it will bring energy security and economic develo

27/01/2023

Chevron Nigeria Limited is a subsidiary of Chevron Corporation which is an American multinational energy corporation. Chevron Corporation is proudly one of the largest oil companies in the world and is active in more than 180 countries of the world.

Chevron Nigeria Limited is a subsidiary of Chevron Corporation which is an American multinational energy corporation. Chevron Corporation is proudly o

26/01/2023

PENGASSAN urges FG to restore vandalised pipelines, prosecute oil thieves

By Gloria Nwafor

The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has called on the Federal Government to ensure it sustains the fight to the nation’s vandalised pipelines and increasing crude oil production.

PENGASSAN urges FG to restore vandalised pipelines, prosecute oil thieves By Gloria Nwafor The Petroleum and Natural Gas Senior Staff Association of Niger

07/10/2022

Petroleumnewsngr.com

By OpeOluwani Akintayo

07/10/22

Nigeria’s crude oil revenue jumped to N11tn in the first six months of 2022, according to the latest data from the National Bureau of Statistics’ Foreign Trade Statistics for the second quarter of 2022.

According to the report, this was a 83 per cent increase in crude oil earnings from N6tn recorded in the first half of 2021.

Petroleumnewsngr.com By OpeOluwani Akintayo 07/10/22 Nigeria’s crude oil revenue jumped to N11tn in the first six months of 2022, according to

07/10/2022

Petroleumnewsngr.com

07/10/22

Stephen U.C

In a shocking revelation, the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPC), Mallam Mele Kyari, has narrated how an illegal oil pipeline connecting directly to the high sea was recently discovered.
Kyari

Petroleumnewsngr.com 07/10/22 Stephen U.C In a shocking revelation, the Group Chief Executive Officer of the Nigerian National Petroleum Company Li

05/10/2022

Nigerian Navy Confiscates 40m Litres of Stolen Crude Oil, Diesel, Kerosene in Niger Delta
Petroleumnews

Oct 4, 2022

By Kingsley Nwezeh in Abuja

The Nigeria Navy said it confiscated 18 million litres of stolen crude oil, 23.5 million litres of Automotive Gas Oil (AGO) also known as diesel and 6.2 million litres of Dual Purpose Kerosene (DPK) in the Niger Delta region.

Nigerian Navy Confiscates 40m Litres of Stolen Crude Oil, Diesel, Kerosene in Niger Delta Petroleumnews Oct 4, 2022 By Kingsley Nwezeh in Abuja The Ni

04/09/2022

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26/03/2021

Private sector to import product

26th March, 2021

Stephen U.C, Petroleum news

Mele Kyari said the NNPC would soon stop being the sole importer of the product, thereby removing the burden of defraying the differentials occasioned by oil market price fluctuations.

Private sector to import product 26th March, 2021 Stephen U.C, Petroleum news Mele Kyari said the NNPC would soon stop being the sole importer of the

04/03/2021

Vietnam may turn to Nigeria for crude oil
Femi Asu with agency report

As the country’s domestic crude production continues to decline due to naturally aging fields, Vietnam’s Binh Son Refining and Petrochemical is currently testing Qua Iboe crude from Nigeria and Cabinda crude from Angola, for its Dung Quat refinery.

Vietnam may turn to Nigeria for crude oil Femi Asu with agency report As the country’s domestic crude production continues to decline due to naturall

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