Nigeria earns ₦5.62trn from exportation of crude oil, LNG in Q4, 2022 – Report
Oredola Adeola Nigeria earned a total of ₦5.62 trillion as revenue in the fourth quarter of 2022 (Q4,2022) from crude...
Shipping Vessels
Shell Nigeria’s Bonga FPSO hits one billion barrel milestone, as Nigerian Govt. targets over $780million immediate revenues
Oredola Adeola Nigeria’s first deep-water exploration and production vessel, Bonga field floating production, storage and offloading (FPSO), operated by...
Nigerian Govt. introduces upstream petroleum measurement, advance cargo declaration regulations to address crude oil theft
Oredola Adeola The Nigerian Government through the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has introduced Upstream Petroleum Measurement Regulations,...
Malaysian Yinson Production confirms sales of FPSO Adoon to Addax Petroleum after 16 yrs contract
Oredola Adeola Addax Petroleum Development (Nigeria) has exercised its contractual option to purchase Yinson Production (YP) Floating Production Storage...
Crude oil theft: NSA inaugurates 11-man special investigative panel, says Nigeria may lose $23 billion in 2023
Oredola Adeola Major General Babagana Monguno, National Security Adviser, (NSA) has warned that Nigeria is likely to lose $23 billion...
Oil marketers resist non-compliance of NIMASA, NPA to FG’s directive on denomination of port charges in Naira
Oredola Adeola The Petroleum Products Marketers under the aegis Depots and Petroleum Products Marketers Association of Nigeria (DAPPMAN), have challenged...
NALPGAM says there is no cooking gas scarcity, cautions Nigerians against panic buying
Oredola Adeola The Nigerian Association of Liquefied Petroleum Gas Marketers (NALPGAM) has cautioned Nigerian cooking gas consumers against panic buying...
Crude oil theft/bunkering: Nigerian Navy arrests two more vessels, hands crew over to EFCC
Oredola Adeola Two vessels, namely MT Platform and MV Caribbean Crest, with 22 suspected crew members, have been handed over...
Nigeria’s gas supply to Europe disrupted, as NLNG declares force majeure due to flooded oil communities
Oredola Adeola The Nigeria LNG Limited(NLNG) has declared force majeure on LNG supplies after flooding disrupted the feed gas...
Oil Theft: Nigeria Navy committed arson for setting stolen crude oil vessel ablaze- Falana
Oredola Adeola Femi Falana, human rights lawyer, has indicted the Nigerian Navy of arson for setting a vessel laden with...
