Tag: crude oil
Cairn Energy says locates more oil off Senegal
Cairn Energy has unearthed another oil find off the coast of Senegal, the British energy explorer announced on Monday. It…
Crude oil: 40 Nigerian cargoes await buyers
Around 40 Nigerian crude oil cargoes were still available out of 63 loading in November, traders said on Monday, according…
Boko Haram dims hopes of crude oil exploration in the north
Social and economic development has long been touted as the way to revive the fortunes of Nigeria’s impoverished north and…
Bunkering: Navy destroys 53 illegal refineries
The Nigerian Navy Ship (NNS) Delta, Warri, said on Saturday that it has destroyed 53 illegal refineries in Ashafama forest…
OPEC trims 2014 oil demand growth forecast
The OPEC oil cartel trimmed its 2014 forecast for global oil demand growth on Friday after weaker-than-expected economic growth in…
India largest importer of Nigeria’s crude oil
The Nigerian National Petroleum Corporation (NNPC) on Thursday said India had replaced the United States as the largest importer of…
Oil prices rise on eve of OPEC meeting
Oil prices rose further on Tuesday, the eve of OPEC’s meeting to decide on crude output levels, while energy market…
Let The Budget Be Signed This Month
By John Tosin Ajiboye On December last year when the 2014 Appropriation bill was sent from Executive to the National…
Shell resumes oil exports in Nigeria
Anglo-Dutch oil group Shell has resumed crude oil exports from a key terminal in southern Nigeria after repairing a sabotaged…
NNPC And The Missing $49.8bn
Last week, Nigerians were shocked to learn that $49.8bn crude oil sales proceed was missing from the federation account. The…
Bleak future for OPEC nations as oil demand falls
PARIS (AFP)The International Energy Agency has trimmed its outlook for oil demand over the next 18 months and highlighted threats…
Shell Again Shuts Major Oil Pipeline
Shell has shut a major pipeline in Nigeria for the second time in less than a month after locating another…
Track Down Crude Oil Thieves
Theft of crude oil is not a new phenomenon in the Nigerian oil industry. In fact, it has been going…
ExxonMobil issues force majeure on Nigerian export
US oil giant ExxonMobil’s Nigerian subsidiary said on Friday it may not meet contractual obligations on exports from Nigeria owing…
Crude Oil Theft: Oshiomhole Destroys 11 Oil Tankers
To send a strong warning to pipeline vandals and to discourage crude oil thefts and illegal oil bunkering in the…
Shell resumes oil export at Nigerian terminals
Anglo-Dutch oil group Shell said Friday it had resumed shipments of crude from its Nigerian export terminals Bonny and Forcados…
Civil Defence Corps Arrests 7 Oil Pipeline Vandals
Officials of the Nigeria Security and Civil Defence Corps (NSCDC) ,Abia Command, have arrested seven suspected oil vandals with 102…
2015: Anyaoku Tasks Politicians, Media
Former Secretary General of Commonwealth, Emeka Anyaoku has appealed to the media and politicians to spare the country of what…
The Dire Consequences Of Fuel Subsidy Removal
The Federal Government’s unpopular plan to fully remove fuel subsidy is a ticking time bomb that will do nobody any…
The Increasing Oil Theft In Nigeria —Gbenga Kayode
That crude oil wealth is the mainstay of Nigeria’s economy is not in doubt. The petroleum sector is said to…
‘Rogue Ship MT Madina Not Nigerian’
The Nigerian Maritime Administration and Safety Agency (NIMASA) has declared that the controversial vessel, MT Madina, is not a Nigerian ship…
Angola’s oil coy pulls out of Iran, Plans Refinery
Angola’s state oil company Sonangol announced Friday it is withdrawing from a natural gas project in Iran because of international…
Thieves cart away 7 per cent of Nigeria’s crude oil daily
Oil companies in Nigeria are battling against rising theft costing an estimated 150,000 barrels of crude a day, a top…
Shell’s Bonga Spills: Fishermen Spot Oil Near Akwa Ibom Shoreline
Fishermen in Inanga area of Akwa Ibom have reported sighting crude oil, suspected to have leaked from Shell’s Bonga Oil…
CBN, NNPC, ISAN, Others Meet Over Crude Oil Lifting
The Minister of Transport, Alhaji Yusuf Suleiman, stated recently that the inability of both the NNPC and ISAN to reach…