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Oil thieves turn off vessel identification system to avoid detection, says NPA MD

    Oil thieves turn off vessel identification system to avoid detection, says NPA MD

The Nigerian Ports Authority (NPA) says oil thieves usually turn off the automatic identification system (AIS) of vessels to avoid detection.  The AIS is an automatic tracking system that uses

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NMDPRA assures Nigerians of adequate stock as petrol scarcity hits Lagos

    NMDPRA assures Nigerians of adequate stock as petrol scarcity hits Lagos

The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has appealed to Nigerians to avoid panic buying of petrol as queues mount at filling stations in Lagos. On Tuesday, TheCable

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1.2m barrels of oil NOT produced due to theft, says NUPRC

    1.2m barrels of oil NOT produced due to theft, says NUPRC

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says about 1.2 million barrels of oil are shut-in consistently due to crude oil theft in the country. Gbenga Komolafe, chief executive officer,

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Buhari inaugurates Pinnacle FZE terminal in Lagos

    Buhari inaugurates Pinnacle FZE terminal in Lagos

President Muhammadu Buhari, on Saturday, inaugurated the Pinnacle Oil and Gas FZE terminal at the Lagos Free Trade Zone in Lekki.  In a video address at the inauguration of the

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Siemens power project: FG to install 20 transformers, mobile substations by May 2023 

    Siemens power project: FG to install 20 transformers, mobile substations by May 2023 

The federal government says 20 power transformers and mobile stations will be delivered from Germany and installed in the country

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‘None of our assets are impacted by flood’ — NLNG denies shutting down operations

    ‘None of our assets are impacted by flood’ — NLNG denies shutting down operations

The Nigerian Liquefied Natural Gas (NLNG) says it has not shut down operations due to the current widespread flooding. NLNG

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More earnings for Nigeria as Shell resumes oil export at Forcados terminal

    More earnings for Nigeria as Shell resumes oil export at Forcados terminal

Shell Petroleum Development Company (SPDC) says export operations have commenced at the Forcados oil terminal. Abimbola Essien-Nelson, SPDC’s media relations

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Layi Fatona brokers peace between Austin Avuru and ABC Orjiako, Seplat founders

    Layi Fatona brokers peace between Austin Avuru and ABC Orjiako, Seplat founders

Austin Avuru, pioneer chief executive officer of Seplat Energy, and Bryant (ABC) Orjiako, pioneer chairman of the oil firm, have returned

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Breach of warranty: UK court orders Ardova to pay $19.2m to Zenon

    Breach of warranty: UK court orders Ardova to pay $19.2m to Zenon

Zenon Petroleum and Gas Limited has won a suit instituted by Ignite Investment Limited in the London court of international

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FG to spend N3.36trn on petrol subsidy in first half of 2023

    FG to spend N3.36trn on petrol subsidy in first half of 2023

The federal government says N3.36 trillion has been allocated for fuel subsidy in the first half of 2023.   Zainab Ahmed,

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