Tag: crude oil theft
Nigeria budgets $1billion to fight oil theft
President Goodluck Ebele Jonathan said Sunday at The Hague that the Federal Government has earmarked one billion U.S Dollars for…
Oil theft reduced to 40,000 barrels per day, says Uduaghan
Governor Emmanuel Uduaghan of Nigeria’s Delta state said on Thursday in Abuja that the volume of oil theft in the…
Tambuwal Urges EFCC To Prosecute Oil Thieves
The Speaker of Nigeria’s House of Representatives, Aminu Tambuwal, has urged the Economic and Financial Crimes Commission (EFCC) to arrest…
Nigeria’s unrest, crude theft dent Shell’s profit again
Royal Dutch Shell’s net profit slid 35 percent in the third quarter on lower refining margins and disruption to production…
Shell issues force majeure on Nigeria’s oil export
Shell warned on Friday it may not meet production targets for crude exports in Nigeria after it shut down a…
Oil theft: Navy hands over 61 suspects to police
The Central Naval Command of the Nigerian Navy in Yenagoa on Tuesday handed over 61 suspected oil thieves to the…
Crude oil theft: Shell shuts key Nigerian pipeline again
Royal Dutch Shell has closed a key Nigerian oil pipeline due to oil theft less than a week after it…
Nigeria to fight oil thieves with N15 billion
Nigeria’s Federal government has set aside the sum of N15 Billion for provision of equipment and logistics that will help…
Chatham House: Nigeria oil theft a global criminal enterprise
Oil theft in Nigeria is a huge criminal operation affecting companies and states around the world, but interest in tackling…
Nigeria loses $1.2 billion to oil thieves in a month
Nigeria lost about 1.2 billion dollars to oil thieves in a single month of the first quarter of 2013, an…
$7b racket: Nigeria moves to rein in oil thieves
Governor Godswill Akpabio of the southern Nigerian state of Akwa Ibom has been appointed as the head of the Committee…
Oil theft threat to Nigeria’s security, says Gov. Dickson
Governor Seriake Dickson of Bayelsa state has said that oil theft is a threat to Nigeria’s security and blamed it…
Breaking News: ENI suspends oil drilling in Bayelsa state
Italian energy major ENI said on Saturday it had suspended its activities in Bayelsa state in southern Nigeria due to…
Nigeria faces crisis as oil output slumps
Nigeria’s mono-cultural economy faces gloomy days ahead as flooding and large-scale theft of crude drove Nigerian oil output to the…
Leaked Ribadu report exposes rot in Nigeria’s oil sector
A total of $183m in signature bonuses paid by oil companies to the federation is missing, according to a confidential…