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‘Material facts suppression’ — Court faults Eurafric Energy, unfreezes Petralon accounts

    ‘Material facts suppression’ — Court faults Eurafric Energy, unfreezes Petralon accounts

A federal high court in Lagos has vacated an order freezing bank accounts belonging to Petralon 54 Limited, an oil company and Petralon Energy Limited, its parent company, following the

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Warri refinery to commence operations by December 2023, says acting MD

    Warri refinery to commence operations by December 2023, says acting MD

Desmond Inyamah, acting managing director, Warri Refining and Petrochemical Company (WRPC), says the refinery will commence full operations in December 2023. Inyamah made this known when members of the house

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Falana asks FG to sack Irabor over destruction of vessel used for oil theft

    Falana asks FG to sack Irabor over destruction of vessel used for oil theft

Femi Falana, human rights lawyer, has called for the immediate sack or resignation of Lucky Irabor, chief of defence, over the destruction of an illegal oil bunkering vessel. Last week,

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FG sets up committee to investigate crude oil theft

    FG sets up committee to investigate crude oil theft

The federal government has inaugurated a committee to investigate crude oil theft in the country. Rauf Aregbesola, minister of interior, disclosed this on Friday while briefing journalists after the national

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Oil theft: NNPC, petroleum institute to deploy anti-theft system on pipelines

    Oil theft: NNPC, petroleum institute to deploy anti-theft system on pipelines

The Petroleum Training Institute says it will collaborate with the Nigerian National Petroleum Company (NNPC) Limited to install anti-theft integrated

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‘Members acted unanimously’ — Saudi Arabia defends OPEC+ production cut after US backlash

    ‘Members acted unanimously’ — Saudi Arabia defends OPEC+ production cut after US backlash

The kingdom of Saudi Arabia says the decision by the Organisation of Petroleum Exporting Countries (OPEC) and its allies, known as

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More oil earnings for Nigeria as Forcados terminal resumes operation month end

    More oil earnings for Nigeria as Forcados terminal resumes operation month end

Shell Petroleum Development Company Limited (SPDC) says the Forcados oil terminal will resume export operations by the end of this

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Dangote refinery project 97% completed, says NMDPRA

    Dangote refinery project 97% completed, says NMDPRA

The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) says the Dangote Refinery project is now 97 percent completed. NMDPRA

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NNPC sets up new contract deal as crude volumes fall short of DSDP arrangement

    NNPC sets up new contract deal as crude volumes fall short of DSDP arrangement

Dwindling crude production has forced the Nigerian National Petroleum Company (NNPC) Limited to set up a new contract deal with

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Illegal pipeline: Edwin Clark seeks probe, says oil theft has been occurring for 50 years

    Illegal pipeline: Edwin Clark seeks probe, says oil theft has been occurring for 50 years

Edwin Clark, an Ijaw national leader, says the lingering oil theft in the Niger Delta has been occurring for about

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