Oil Theft: NIMASA To Deploy Special Mission Aircraft

Oil Theft: NIMASA To Deploy Special Mission Aircraft

Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Bashir Jamoh, has given assurances that two special mission aircrafts in the deep blue project fleet of the agency will be deployed to fight oil theft and protect...
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Nigeria’s Crude Oil Production Averaged 1.238m bpd In June

Nigeria’s Crude Oil Production Averaged 1.238m bpd In June

Nigeria’s crude oil production increased to an average of 1.238 million barrels per day (bpd) in June 2022, the Organisation of the Petroleum Exporting Countries (OPEC) has said  OPEC made this known in its Oil Market Report for July 2022...
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Saro Oil Palm Embarks On Pre-Planting Activities In Edo

Saro Oil Palm Embarks On Pre-Planting Activities In Edo

An integrated agricultural company, Saro Oil Palm Limited has embarked on pre-planting activities in preparation for the development of a 10,000-hectare oil palm plantation in Orhionmwon Local Government Area of Edo State.  Managing Director of Saro Oil P...
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Nigeria’s Crude Oil Production Increases By 70,000bpd

Nigeria’s Crude Oil Production Increases By 70,000bpd

Nigeria’s crude oil production increased by 70,000 barrels per day in May according to a Reuters Survey released on Tuesday.  The document, which was obtained by the News Agency of Nigeria (NAN) in Lagos, showed that the country’s crude oil...
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Oilserv Targets Takeover Of Moribund NNPC Pipelines 

Oilserv Targets Takeover Of Moribund NNPC Pipelines 

An indigenous Engineering Procurement and Contract (EPC) company, Oilserv Limited has concluded plans to bid for all moribund Nigerian National Petroleum Company (NNPC) pipeline distribution systems.  Group Chairman, Oilserv, Mr Emeka Okwuosa in an interv...
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Chevron Nigeria Remains Committed In Fight Against Malaria, Says MD

Chevron Nigeria Remains Committed In Fight Against Malaria, Says MD

Chevron Nigeria Limited  (CNL) says it remains committed in the fight against malaria scourge and other communicable diseases in Nigeria.   CNL’s Chairman and Managing Director, Mr  Rick Kennedy made the disclosure in a statement on Monda...
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Japan Presses UAE To Pump More Oil 

Japan Presses UAE To Pump More Oil 

Japan on Sunday urged the United Arab Emirates to pump more oil to calm markets rocked by Russia’s invasion of Ukraine, the latest major consumer to lobby Gulf producers.The plea by Japan’s Foreign Minister Yoshimasa Hayashi came during m...
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Why Nigeria Is Unable To Meet OPEC Quota, By Sylva 

Why Nigeria Is Unable To Meet OPEC Quota, By Sylva 

Minister of State for Petroleum Resources, Chief Timipre Sylva, has attributed the inability of Nigeria to meet the Organisation of Petroleum Exporting Countries (OPEC) quota to lack of investments in oil and gas sector.  Nigeria’s OPEC quota is pegged ...
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Shell Defends Decision To Buy Russian Crude Oil

Shell Defends Decision To Buy Russian Crude Oil

Shell has defended its decision to purchase Russian crude oil despite the invasion and bombardment of Ukraine.  The oil giant said in a statement that the decision to purchase the fuel at a discounted price was “difficult”.  It confirmed ...
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Oil Hits Seven-Year High

Oil Hits Seven-Year High

Oil prices surged to seven-year highs on Friday, extending their rally into a seventh week on ongoing worries about supply disruptions fueled by frigid U.S. weather and ongoing political turmoil among major world producers.Reuters reports that Brent ...
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Oil Falls On Profit-Taking

Oil Falls On Profit-Taking

Oil prices fell on Thursday as investors cashed in profits from the 2per cent gains in the previous session after the U.S. Federal Reserve indicated an interest rate hike in March, leading to a technical correction in surging energy markets....
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OPEC Oil Output Undershoots Target

OPEC Oil Output Undershoots Target

Increase in the Organization of Petroleum Exporting Countries (OPEC) oil output in December has again undershot the rise planned under a deal with allies, a Reuters survey found on Thursday, highlighting capacity constraints that are limiting supply as gl...
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Oil Heads For Biggest Yearly Gains In 12 Years

Oil Heads For Biggest Yearly Gains In 12 Years

Prices of oil fell one per cent on Friday but were set to post their biggest annual gains in 12 years, spurred by the global economic recovery from the COVID-19 slump and producer restraint, even as infections surged to record...
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Court Blocks Shell’s Oil Exploration

Court Blocks Shell’s Oil Exploration

A South African court has halted oil giant Shell’s seismic testing for oil and gas along the country’s eastern coastline, pending a final ruling.  The decision has been hailed by environmentalists who fear that the sound blasting will harm mar...
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