FG Plans Rehabilitation of 5,120km Crude Oil Pipelines The Federal Government, through the Nigerian National Petroleum Company Limited, has commenced a process to comprehensively rehabilitate 5,120km of pipelines transporting crude oil and other petroleum products. These pipelines, which are crucial for the transportation of crude oil...

Nigeria’s Oil Export Earnings Decline to $12.1bn   Nigeria’s crude oil export earnings slumped to $12.1 billion in Q2, 2024 as against $12.4 billion in the preceding Q1, reflecting the decline in domestic crude oil production to 1.27 million barrels per day in Q2, 2024 from...

Oando Plc, a Nigerian energy company, has recently reported a 44% decline in its half-year profit to N62.6bn from N112.45bn which was recorded as of half-year 2023. 

Experts Lament Minimal Impact of Huge Crude Earnings as Exports Hit N123tn Nigeria exported N123.3tn worth of crude oil between 2013 and 2022, a report on international shipping trade by the Nigerian Maritime Administration and Safety Agency showed. The report titled, ‘The Role of the Maritime...

Officials from the Dangote Petroleum Refinery and the Federal Government confirmed on Tuesday that the refinery received four crude oil shipments from the Nigerian National Petroleum Company Limited (NNPCL) under the naira-for-crude sale agreement. 

Crude Oil Price Falls to $73 Per Barrel Crude oil prices fell more than 4 percent on Tuesday after a report that Israel was willing to spare Iranian oil targets, easing concerns over supply disruption. Brent crude oil price fell 4.65 percent to $73.83 a barrel...