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The Secretary of Rivers State petroleum taskforce, Ihunwo Obi Wali has advised the Nigerian Navy and other security agencies against burning of vessels loaded with illegal petroleum products. Mr Ihunwo made the observations while…
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REN-operated Sines LNG import terminal in Portugal is set to receive a cargo of liquified natural gas from Nigeria later this week. The Sines LNG terminal will receive gas from the Nigeria LNG Bonny Island liquefaction plant via the LNG…
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Nigeria has overtaken Egypt as the largest rice producer in Africa, Director-General,Africa Rice Center, Benin Republic, Dr Harold Roy-Macauley has said . Roy-Macauley, told The Nation that Nigeria is now the largest rice producer…
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The revenue loss by the Federal Government and international oil companies (IOCs) to crude theft has exceeded N5 billion daily, New Telegraph has learnt. A document of the Ministry of Petroleum Resources shared with the office of Vice…
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Data from the Nigerian National Petroleum Commission, NNPC, suggest that Nigeria is losing billions of naira on a monthly basis, due to the inability of the country’s refineries to function optimally. According to the NNPC, its…
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The US regulatory investigation into Glencore’s activities in Nigeria and Venezuela is focused on agreements to secure oil supplies for its trading arm, according to the company’s annual report. The Swiss-based group was ordered in…
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The pace of drilling growth around the world is set to step up, after the recovery in global oil and gas drilling seen in 2018. World Oil forecast noted that the United States which was undisputed leader in drilling activity last…
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For a period spanning over ten years, 2008 to 2017, Nigeria lost as much as $28 billion from crude oil due to outdated Production Sharing Contracts (PSCs) it signed with international oil companies (IOCs) operating in the country, the…
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Nigerian Nembe Creek Trunk Line, a key oil pipeline to the Bonny terminal, has been shut down for four days now, its operator said Monday. Domestic producer Aiteo Eastern Exploration and Production, the operator of NCTL did not give…
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A local official says all of the more than 50 people reported missing after an explosion in southern Nigeria early Friday have now been accounted for. The Nembe Chiefs Council spokesman, Chief Nengi James-Eriworio, tells The…
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