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Tag: oil industry

Nigeria’s Production Quota Hits 1.8m bpd As OPEC Ups July Crude Allocation

Organisation of the Petroleum Exporting Countries (OPEC)
Total country’s drilling deficit crosses 400,000bpd With 26% share of Nigeria’s gas export, Kyari says Spain remains major market DHQ: Troops destroyed 40 illegal refineries in Niger Delta For theRead More

FG Admits Security Personnel In N’Delta Conniving With Criminals To Steal Oil

Minister of State for Petroleum Resources, Chief Timipre Sylva
Says Elumelu wasn’t speaking for the oil industry about 95% losses Ramps of monitoring of agents deployed in fight against menace The federal government yesterday admitted that some security personnelRead More

Dutch Court Orders Shell To Pay Damages For Oil Spill In N’Delta

Shell
Compensation to be determined soon Spillage caused by sabotage, oil firm insists Judgement came in favour of four Nigerian farmers yesterday when an appeal court in the Netherlands ruled thatRead More

Senate Queries $120m Revenue Loss To Petroleum Products’ Shipment

Nigerian Senate
Urges NNPC to patronise indigenous firms The Senate yesterday expressed displeasure at reports that the nation loses over $120 million annually to the patronage of foreign shipping firms in theRead More

Kyari: Era Of Waste In Nigeria’s Oil Industry Over

The Group Managing Director, Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari
The Group Managing Director, Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari, has said the era of waste and lack of transparency in the oil industry is over. He saidRead More

Nigeria Oil Industry Wobbles As Price Drop Slams Economy

Crude oil
The collapse in oil prices linked to the coronavirus crisis has seen Nigeria’s revenues from crude dry up and left Africa’s largest economy more threatened than ever by its dependenceRead More