ExxonMobil has put in place some measures to sustain oil and gas production as personnel embarked on strike to back their demand for reinstatement of sack employees of the company and other demands. Investigations showed that adequate personnel have been mobilised to offshore production platforms and loading terminal in […]

ExxonMobil moves to sustain oil production, export as workers embark ...

  Crude oil production in Nigeria rose by 274,000 barrels per day in April, the Organisation of Petroleum Exporting Countries, OPEC, said on Thursday. The increase, OPEC said, represents the biggest increase among countries within the oil producers’ group. According to OPEC’s latest Monthly Oil Market Report for May released […]

Nigeria’s oil production rose by 274,000 barrels per day in ...

      Nigeria’s Bonny Light and other crude oil grades have risen from $49 per barrel to over $50 per barrel in the global market following a significant drop in the inventories of United States yesterday. A survey of the oil markets showed that the price of Brent, usually […]

Oil prices hit over $50 per barrel

Former NNPC supremo Andrew Yakubu Justice Z.B Abubakar of the Federal High Court, Kano, Wednesday dismissed an application brought by a former Group Managing Director of Nigerian National Petroleum Corporation, NNPC, Andrew Yakubu, seeking to set aside the interim forfeiture order of February 13, 2017 by the same court in […]

Ex-NNPC chief Yakubu loses bid to upturn forfeiture of $9.8m

  The Economic and Financial Crimes Commission, EFCC, yesterday, narrated before the Federal High Court in Abuja, how an iron-bender in Kaduna State helped it to gain access into the house where former Group Managing Director of the Nigerian National Petroleum Corporation, NNPC, Mr. Andrew Yakubu, allegedly stashed about N3billion […]

N3bn loot: How we broke into Ex-NNPC chief Yakubu’s house ...

  “Vice President Yemi Osinbajo recently toured the Niger Delta region and conceded that past administrations were unfair and unjust to the people. The Niger Delta Youth Coalition (NDYC), a socio-cultural group, on Sunday advised the Niger Delta militant groups against resumption of attacks on oil and gas installations in […]

Group advises militants not to resume attacks on oil, gas ...

  Royal Dutch Shell, has said its total production in Nigeria increased to 141,000 barrels of oil equivalent per day in the first quarter of 2017 from 132,000 boepd in the same quarter of last year, The Punch reports. The company’s production in Nigeria fell to as low as 105,000 […]

Shell’s oil production in Nigeria increases by 7% in Q1 ...

  Troops of the Operation Delta Safe have destroyed 80 illegal refineries in Bayelsa, Delta and Rivers States. A statement issued in Abuja on Monday by the Co-ordinator, Joint Media Campaign Centre, Operation Delta Safe, Maj. Abubakar Abdullahi, said seven illegal refineries were destroyed in Bayelsa. Abdullahi said the refineries […]

Troops destroy 80 illegal refineries in Niger Delta

Dr. Maikanti Kacalla Baru The 2019 target set by the Nigerian National Petroleum Corporation to exit importation of Premium Motor Spirit (PMS) is still achievable, Group Managing Director, Dr. Maikanti Kacalla Baru, has said. Dr. Baru made this known while fielding questions from journalists on the sidelines of the ongoing […]

2019 Target of Exiting PMS Importation Achievable, Says NNPC

  As NNPC Cuts Losses by 16.19% The combined installed capacity utilization of the Nigerian National Petroleum Corporation’s refineries located in Port Harcourt, Warri and Kaduna increased by about 29 percentage points in January 2017 compared with their performance in December 2016. In the latest of the Corporation’s Monthly Financial […]

Nigeria Refining Capacity Increases by 29%