Oil prices rose on Tuesday as concerns over supply disruptions mounted amid escalating tensions between Russia and Ukraine, while investors also weighed the impact of […]
Tag: Oil
NSCDC Arrests Two Oil Thieves in Abia for Pipeline Vandalism
The Nigeria Security and Civil Defence Corps (NSCDC) has arrested two individuals for oil theft, sabotage, and illegal dealings in petroleum products in Ukwa West […]
2024 Oil Licensing Bid Round: Winners Announced
The 2024 oil licensing bid round, held at Eko Hotel, Lagos, has concluded with winners emerging across various Petroleum Prospecting Licenses (PPLs). The competitive bidding […]
Nigeria’s Oil Marketers Persist with Fuel Imports Despite Domestic Refinery Operations
Despite the commencement of fuel production by the Dangote Petroleum Refinery and the Port Harcourt Refining Company (PHRC) in recent months, Nigerian oil marketers continue […]
IMF Urges Nigeria to Prioritize Social Safety Nets Amid Downstream Oil Crisis
As Nigeria grapples with rising fuel prices and supply challenges in the downstream oil sector, the International Monetary Fund (IMF) has called on the Federal […]
25 Suspected Oil Thieves Arrested in Niger Delta Crackdown
Security operatives have arrested 25 individuals suspected of crude oil theft within a week in the Niger Delta, according to a recent documentary by the […]
Nigeria Leads African Oil Production with 1.61mbpd Output, NUPRC Reports
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced that Nigeria remains the dominant crude oil producer in Africa, with a daily output of 1.61 […]
ANRPM Seeks NSA’s Support to Combat Oil Theft in Niger Delta
The Association of Nigeria Refinery and Petroleum Marketers (ANRPM) has called for collaboration with National Security Adviser Nuhu Ribadu to eliminate oil theft in the […]
Nigerian Army Intensifies Crackdown on Illegal Oil Bunkering in Abia State
In an ongoing operation to combat illegal oil bunkering, the Nigerian Army conducted a raid on illegal mining sites at Obeaku in Ukwa West Local […]
NUPRC Extends 2024 Oil Block Licensing Bid Round
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has extended the 2024 oil block licensing bid round registration by 10 days, according to a statement by […]