NPDC, FHN Lose $29m Crude To Oil Theft
An oil block, Oil Mining Lease 26, jointly owned by the Nigerian Petroleum Development Company and First Hydrocarbon Nigeria Limited has come under attacks by oil thieves, the technical partner has said.
The Asset Management Team for OML...
Crude Oil Demand’ll Remain High Beyond 2040, Says Kyari
The Group Managing Director of the Nigerian National Petroleum Corporation, Mele Kyari, has said that fossil fuel will remain relevant in the global energy mix for decades to come.
He said contrary to assumptions in some quarters,...
Aiteo Pipeline Closure Threatens Nigeria’s Oil Exports
Exports of Nigeria’s Bonny Light crude have been under force majeure following the closure of the Nembe Creek Trunk Line, one of the major crude oil transportation channels used for export.
The NCTL, which is 100 kilometres long and...
Nigeria's Daily Oil Production Hits 1.95m Barrels
The nation’s crude oil production rose by eight per cent to 1.95 million barrels per day in July, data released on Friday by the Organisation of Petroleum Exporting Countries showed.
OPEC, in its monthly oil market report for August,...
OPEC Forecasts Lower Demand For Its Oil In 2020
The Organisation of Petroleum Exporting Countries (OPEC) Thursday predicted that the world demand for its crude oil would decline next year as rivals pump more, pointing to the return of a surplus despite an OPEC-led pact...
Nigeria’s Crude Oil Export Falls By 1.6m Barrels In May
Nigeria’s crude oil export fell by 1.6 million barrels in May, representing a 6.8 per cent decline from data for April export, according to figures obtained from the Central Bank of Nigeria (CBN).
The CBN, in...
