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Sylva counters NUPRC, says theft is major cause of crude oil losses

    Sylva counters NUPRC, says theft is major cause of crude oil losses

Timipre Sylva, minister of state for petroleum resources, says the major sources of crude oil losses are theft, pipeline vandalism, and decayed infrastructure. Sylva, in a statement on Monday, said

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‘We have 1.8bn litres in stock’ — NNPC assures Nigerians of availability of petrol

    ‘We have 1.8bn litres in stock’ — NNPC assures Nigerians of availability of petrol

The Nigerian National Petroleum Company (NNPC) Limited says it has 1.805 billion litres of petrol in stock.  Garba Deen Muhammad, NNPC spokesperson, made this known in a statement on Monday.

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NBS: Imo, Rivers residents paid above N300 per litre for petrol in January

    NBS: Imo, Rivers residents paid above N300 per litre for petrol in January

The National Bureau of Statistics (NBS) says residents of Imo, Rivers and Akwa Ibom states paid the highest amount for premium motor spirit (PMS), better known as petrol, in January

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NUPRC: 40% crude oil losses due to inaccurate measurement — NOT theft

    NUPRC: 40% crude oil losses due to inaccurate measurement — NOT theft

The Nigerian Upstream Petroleum Regulatory Commission  (NUPRC) says about 40 percent of the volumes of crude oil losses in Nigeria are due to measurement inaccuracies and not theft. Gbenga Komolafe,

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Kyari: Energy demand to increase by 35% in 2043 | Africa must collaborate to aid transition

    Kyari: Energy demand to increase by 35% in 2043 | Africa must collaborate to aid transition

Mele Kyari, group chief executive officer (GCEO), Nigerian National Petroleum Company (NNPC) Limited, says African nations must cooperate and exchange

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Shell: Bonga floating production storage hits 1bn barrels of oil export mark

    Shell: Bonga floating production storage hits 1bn barrels of oil export mark

Bonga, Nigeria’s first deepwater exploration and production vessel, has hit a one-billion-barrel oil export mark. Abimbola Essien-Nelson, media relations manager

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NMDPRA to set up database on crude oil, natural gas distribution

    NMDPRA to set up database on crude oil, natural gas distribution

The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) says it plans to set up a reliable database for determining

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Shell reports fresh oil spill in Ogoniland

    Shell reports fresh oil spill in Ogoniland

The Shell Petroleum Development Company (SPDC) has confirmed an oil spill incident in Ebubu, Eleme LGA of Rivers state.  SPDC

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Scarcity: Kwara task force visits filling stations, seizes ‘jerrycans containing hoarded petrol’

    Scarcity: Kwara task force visits filling stations, seizes ‘jerrycans containing hoarded petrol’

A task force set up by the Kwara government has embarked on monitoring and supervision of filling stations over the

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NURPC: Nigeria’s crude oil production hit one-year high in January

    NURPC: Nigeria’s crude oil production hit one-year high in January

Crude oil production in Nigeria increased to 1,258,150 barrels per day (bpd) in January 2023. The production figure is two

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