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Tag "Oil Theft"

REVEALED: How oil thieves are raking in ‘petrodollars’ on high seas while FAAC flounders

    REVEALED: How oil thieves are raking in ‘petrodollars’ on high seas while FAAC flounders

Oil producers in Nigeria say the negative impact of illegal oil bunkering is eroding gains, calling on the federal government to tackle the menace in the Niger Delta. In a

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NUPRC: Nigeria loses over 115,000 barrels per day to oil theft, vandalism

    NUPRC: Nigeria loses over 115,000 barrels per day to oil theft, vandalism

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says the country loses more than 115,000 barrels per day to oil theft and vandalism. Gbenga Komolafe, chief executive officer of NUPRC, disclosed

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The oil thieves of Nigeria

    The oil thieves of Nigeria

The lead story in ThisDay newspaper of December 30, 2021, brought the year to a close with a reminder of one of the many ills that bedevil Nigeria, encapsulated in

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Court blocks Shell’s account in 20 banks over alleged oil theft

    Court blocks Shell’s account in 20 banks over alleged oil theft

A federal high court in Ikoyi, Lagos, has granted an interim mareva injunction directing commercial banks to block Shell Petroleum Development Company of Nigeria Limited accounts for alleged oil theft.

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Shell to review Nigerian operations, says sabotage is a headache

  Shell to review Nigerian operations, says sabotage is a headache

Royal Dutch Shell says it will take another “hard look” at its operations in Nigeria because of the challenges posed

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‘Our workers not named’ — Shell reacts to report accusing employees of pipeline vandalism

  ‘Our workers not named’ — Shell reacts to report accusing employees of pipeline vandalism

Shell Nigeria has reacted to a report accusing its employees of colluding with local youths to vandalize oil pipelines. Zembla,

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Court jails Nigerian, 6 foreigners over oil theft

  Court jails Nigerian, 6 foreigners over oil theft

A federal high court in Port Harcourt, Rivers state has sentenced a Nigerian and six foreigners to a prison term

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ANALYSIS: Oil pipeline repairs gulped N556bn in four years — twice the cost of 2nd Niger bridge

  ANALYSIS: Oil pipeline repairs gulped N556bn in four years — twice the cost of 2nd Niger bridge

Between January 2015 and June 2019, the federal government spent over N556 billion on oil pipeline repairs and maintenance across

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Falana: $12.7bn worth of crude oil stolen from Nigeria under Jonathan

  Falana: $12.7bn worth of crude oil stolen from Nigeria under Jonathan

Femi Falana, human rights lawyer, says $12.7 billion worth of crude oil was stolen from Nigeria between 2011 and 2014.

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‘100,000 barrels, not 400,000, lost to theft daily’

  ‘100,000 barrels, not 400,000, lost to theft daily’

The Nigerian Navy has declared that the country loses about 100, 000 barrels of crude oil per day to oil

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