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Lawyers write senate over ‘illegal lifting of crude oil’ in Ugo Ocha export terminal

    Lawyers write senate over ‘illegal lifting of crude oil’ in Ugo Ocha export terminal

A group of lawyers in Abuja have petitioned the senate over alleged oil theft at OML 42 in the Ugo Ocha export terminal. In the petition dated September 21 and

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NNPC: Six IOCs to remit N380bn for domestic crude oil sales in October

    NNPC: Six IOCs to remit N380bn for domestic crude oil sales in October

The Nigerian National Petroleum Company (NNPC) Limited says six international oil companies (IOCs) will remit N380.04 billion next month as proceeds from the sale of domestic crude oil in July

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Oil theft: We’ve arrested 210 suspects, says FG

    Oil theft: We’ve arrested 210 suspects, says FG

Lai Mohammed, minister of information and culture, says the federal government is determined to end crude oil theft through the deployment of technology as well as additional security measures. Mohammed

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EXCLUSIVE: NNPC declares zero FAAC remittance for eighth time as subsidy gulps N2.6trn

    EXCLUSIVE: NNPC declares zero FAAC remittance for eighth time as subsidy gulps N2.6trn

The Nigerian National Petroleum Company (NNPC) Limited says it deducted N525.71 billion as a shortfall for the importation of petrol (subsidy) in August 2022. Subsidy or under-recovery is the underpriced

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Oil price falls to $87 a barrel — first time in 9 months

    Oil price falls to $87 a barrel — first time in 9 months

Oil prices fell on Friday amid demand fears fuelled by rising interest rates and a stronger dollar.  Brent crude, global

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Mele Kyari asks international community to treat stolen Nigerian oil as blood diamonds

    Mele Kyari asks international community to treat stolen Nigerian oil as blood diamonds

Mele Kyari, the group managing director of the Nigerian National Petroleum Corporation Limited, has called on the international community to

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PIA: Oil and gas investors to get 10-year tax vacation, says Sylva

    PIA: Oil and gas investors to get 10-year tax vacation, says Sylva

Timipre Sylva, minister of state for petroleum, says oil and gas investors will get a 10-year tax vacation at the

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Eni confirms gas leak on its pipeline in Bayelsa, decries production losses

    Eni confirms gas leak on its pipeline in Bayelsa, decries production losses

Eni, the parent company of Nigerian Agip Oil Company (NAOC), has confirmed that the gas leak on its facility in

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PIA: NUPRC to gazette upstream petroleum decommissioning regulations in October

    PIA: NUPRC to gazette upstream petroleum decommissioning regulations in October

The Nigerian Upstream Petroleum Regulations Commission (NUPRC) says it is in the final stage of gazetting and setting up funds

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Energy Transition: Nigeria will benefit from multi-billion-dollar gas projects, says NNPC

    Energy Transition: Nigeria will benefit from multi-billion-dollar gas projects, says NNPC

Adokiye Tombomieye, group executive director, Upstream, Nigerian National Petroleum Company Limited, says Nigeria’s energy transition plan will boost investment in

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