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 […]
Tag: Oil
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 […]
OPEC: Nigeria’s Oil Output Rises to 1.28 Million Barrels per Day in April 2024
The Organisation of Petroleum Exporting Countries (OPEC) disclosed that Nigeria’s oil output, excluding condensate, increased by 4 per cent to 1.28 million barrels per day […]
EFCC Probes 11 Suspected Oil Thieves and Vessel in Navy’s Custody
The Economic and Financial Crimes Commission (EFCC) has initiated an investigation into 11 individuals suspected of oil theft, along with the vessel MT SAISNIL II, […]
Oil Marketers Begin Lifting Diesel and Aviation Fuel from Dangote Refinery
The Chief Executive Officer/CEO of the Major Energy Marketers Association of Nigeria, MEMAN, Mr. Clement Isong, has confirmed that oil marketers have commenced the lifting […]
Oil Production Plummets: Nigeria Struggles to Meet Quotas Amidst Executive Orders for Industry Overhaul
Nigeria’s crude oil production experienced a 7.94% decline month-on-month, dropping to 1.322 million barrels per day (bpd) in February 2024 from 1.427 million bpd in […]