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The Nigerian Content Development and Monitoring Board (NCDMB), in collaboration with the Independent Corrupt Practices and Other Related Offences Commission (ICPC), have inaugurated a six-man Anti-Corruption and Transparency Unit…
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Shell Petroleum Development Company Limited has said that the activities of pipeline vandals have greatly affected production output in the oil sector of the country, thereby leading to dwindling economy of Nigeria. The organisation…
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Nigeria’s crude oil output dropped by 12.5 per cent to 1.4million barrels per day (mb/d), including condensate, in the first half (January – June) of 2022, from 1.6mb/d in the corresponding period of 2021, according to the latest…
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Nigeria’s crude oil production capacity has been further impaired with a shut in of 170,000 barrels per day at the Shell operated Floating Production Storage and Offloading, Sea Eagle, due to water leakage into the facility. Recall…
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Former Inspector-General of the Nigerian Police Force, Tafa Balogun is dead. He was 74. Family sources confirmed the death of Balogun, who became IGP in March 2002, to Daily Trust on Thursday night, but did not go into details. …
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Demands establishment of Decommissioning and Abandonment Fund The Ijaw Diaspora Council on Thursday demanded for the upward review of the host community funds from 3 per cent to 10 per cent in the Petroleum Industry Act, as well as…
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Shell Companies in Nigeria (SCiN), has alleged that illegal oil bunkerers were rebuilding illegal refineries destroyed by Nigerian security forces in parts of the Niger Delta region. This is as it said about $1billion was lost…
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The Nigeria Liquefied Natural Gas (NLNG) Limited says it has lost almost $7 billion revenue so far in 2022 due to shortage of gas supply. The revenue loss can be attributed to the increasing security challenge which has hit the oil…
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The Organisation of Petroleum Exporting Countries on Wednesday raised Nigeria’s crude oil production quota for September 2022 to 1.83 million barrels per day, as Brent, the global benchmark for crude, dropped in price the same day. …
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The Federal Capital Territory's residents may soon face another round of gasoline shortages, as it has been reliably learnt that tanker drivers have chosen not to deliver goods there because of the FCT's poor road system and high…
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