Seplat Energy Plc has released its unaudited financial statements for Q1 2024. The company posted a pre-tax profit of $69.3 million, representing a 19.5% year-on-year decline...
Chinese energy giant PetroChina has been waiting to offload a shipment of U.S. crude oil at Dangote refinery for almost a month due to issues with...
Federal government is expected to generate $4 billion annually from trading about 50 million barrels on Nigeria’s commodities exchange. The exchange plans to offer crude oil...
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The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has said Nigeria’s crude oil reserves increased from 36.96 billion barrels (bb) on January 1, 2023, to 37.50 bb...
The federal government of Nigeria has outlined new regulations that will guide the sale of crude oil to refineries in Nigeria. The government, through the Nigeria...
Nigeria is expected to generate more revenue from crude oil due to the political tension between Russia and Ukraine, and Israel/Hamas. Naija News understands that the...
The Nigerian government says its encountered problems on the Trans Niger Pipeline and other maintenance activities are the reason for the drop in crude oil production...
According to the Organisation of Petroleum Exporting Countries (OPEC), Nigeria’s crude oil production declined for the second consecutive month in March. The country’s daily output dropped...
The Edo Refinery has officially received 15,000 barrels of crude oil from the Oza Oil Field for production. The Chief Executive Officer of Decklar Resources, Sanmi...
The Federal Government has insinuated a new way to move crude oil using virtual means. Naija News understands that the FG will use barges and trucks...
The Minister of Finance, Olawale Edun, says the country’s daily crude oil production is up to 1.65 million barrels per day, against the 1.25 million bpd...
The Joint Task Force (JTF) has reportedly confiscated more than 500,000 litres of Automotive Gas Oil (AGO), commonly known as Diesel, in Rivers State. The operation...
The 6 Division of the Nigerian Army, Port Harcourt, Rivers State, says it has uncovered illegal oil reservoir stored with about one million litres of crude...