Tag: crude oil
Crude: Angola to load more cargoes, Nigeria down
Nigerian crude oil differentials remained under downward pressure on Friday, while early indications pointed to a larger number of Angolan…
Crude oil transportation contracts cut costs— Experts
The Federal Government’s decision to award marine transportation contracts for crude oil movements from terminals to the refineries is not…
Venezuela buys cargoes of Nigerian crude
Reuters – Venezuela’s state-run oil company PDVSA has bought three new cargoes of Angolan and Nigerian crudes for delivery at…
NIWA in talks with NNPC on delivery of crude oil to refineries
The National Inland Waterways Authority (NIWA) has initiated discussion with the Nigeria National Petroleum Corporation (NNPC) on how to deliver…
Diezani cheated Nigeria over $15b oil sale to India
The Indian High Commissioner to Nigeria, Ajjampur R. Ghanashyam, has revealed the dubious practice by former Minister of Petroleum Resources,…
Chief of Naval Staff vows to halt oil theft
The Chief of Naval Staff, Vice-Admiral Ibok-Ette Ibas, said on Sunday that oil thieves will no longer have the capacity…
Ugbo, only Yoruba town with huge crude oil deposits
The Olugbo of Ugbo Kingdom, Oba Fredrick Akinruntan, says his community remains the only Yoruba town blessed with huge deposits…
I’ll recover stolen oil money and prosecute culprits, says Buhari
President Muhammadu Buhari Tuesday in the United States vowed that his administration would trace the accounts of individuals who stashed…
Buhari blacklists 113 vessels from lifting Nigeria’s crude
President Muhammadu Buhari has authorised the Nigerian National Petroleum Corporation (NNPC) to blacklist 113 vessels from lifting crude oil from…
Halliburton Bribery: The Timeline of a Scandal
By Remi Oyeyemi “A mediocre with adequate information is at a better advantage compared to a genius without information.” –…
Spain buys €6.5bn oil from Nigeria
The Spanish Government on Tuesday said it bought oil and gas worth 6.5 billion Euros from Nigeria in 2014. The…
Shell lifts force majeure on Nigeria’s Forcados crude oil stream
LONDON, (Reuters) – Shell has lifted a force majeure on exports of Nigeria’s Forcados crude oil stream that had been…
Agip Fire Halts 20k bpd Production –ENI
A fire at two crude oil storage tanks at Agip’s Ebocha plant in Nigeria’s Rivers State has shut down production…
Nigeria crude differential hits 10-year low as glut takes toll
LONDON (Reuters) – Official prices for Nigerian crude have hit their lowest in at least a decade as a nagging…
EFCC arraigns businessman over stolen crude oil
The Economic and Financial Crimes Commission, on Wednesday arraigned one Elder Christopher Andrew Isibor before Justice Ibrahim Buba of the…