News Oil & Gas

Nigeria earns N26trillion from crude oil sales in 2022 as exports increased by 46%

Nigeria earns N26trillion from crude oil sales in 2022 as exports increased by 46% Nigeria’s crude oil sales rose by 46.41 per cent to push Nigeria’s total export to N26.79tn in 2022. This is as total trade rose by 31.79 per cent from N39.75tn in 2021 to N52.39tn in 2022. In 2022, crude oil sales

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News Oil & Gas

Shell workers raise alarm over underground plot to unjustly terminate their jobs, finger a supervisor

Shell workers raise alarm over underground plot to unjustly terminate their jobs, finger a supervisor 15 FEBRUARY 2023, WARRI – Contract workers with Shell Petroleum Development Company (SPDC) Nigeria, have raised the alarm over what they described as intimidation, humiliation and unholy plot by a particular Shell supervisor to have their contract terminated by March

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Oil & Gas Video

[WATCH] Undeclared crude oil that left Nigeria within 3 years to 41 countries (Report)

UNDECLARED CRUDE OIL THAT LEFT NIGERIA WITHIN 3 YEARS TO 41 COUNTRIES  Watch video below… https://youtu.be/m8wsrALPtmk

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News Oil & Gas

Nigeria makes progress in oil revenue, earns additional N363b in three months

Nigeria makes progress in oil revenue, earns additional N363b in three months …Improved security in Niger Delta responsible for increase – Timipre Sylva Latest figures from the Federal Ministry of Petroleum Resources sighted by GbaramatuVoice Newspaper on Monday, January 16, 2023, has shown that Nigeria is making progress in oil earnings following improvements in security

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News Oil & Gas

Nigeria records highest oil production in December 2022, after 8months of low production

Nigeria records highest oil production in December 2022, after 8months of low production The latest survey result by S&P Global Commodity Insights has revealed that the Federal Government in December 2022 recorded her highest oil production since April 2022. The country’s oil production has been faced with oil theft that has hampered exports and resulted

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News Oil & Gas

Nigeria’s crude oil production to hit 2.2million barrels per day soon – Mele Kyari

Nigeria’s crude oil production to hit 2.2million barrels per day soon – Mele Kyari Nigeria’s oil production could hit 2.2 million barrels per day in 2023, the Nigerian National Petroleum Company (NNPC) Limited has said. The company’s chief executive officer, Mele Kyari, disclosed this while speaking at the 13th global UAE virtual energy forum on

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News Oil & Gas

NIGER DELTA: Another illegal crude oil tapping point operated for 7 years uncovered in Rivers state

NIGER DELTA: Another illegal crude oil tapping point operated for 7 years uncovered in Rivers state An illegal tapping point on the Trans Niger Pipeline (TNP) has been uncovered in the Nonwa Uedume community of Tai local government area, Rivers state. Mbakpone Okpe, executive chairman of Tai LGA, Rivers, led the discovery team to the

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News Oil & Gas

Chevron dismisses rumours of planned exit from Nigeria

Chevron dismisses rumours of planned exit from Nigeria Chevron Nigeria Limited (CNL) has dismissed rumours of its planned exit from the country. In a statement issued on Thursday by its General Manager, Policy, Government and Public Affairs, Esimaje Brikinn, the oil firm restated its commitment to the country. The statement read: “Please note that the

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News Oil & Gas

DELTA: Implement PIA or face our wrath, Polobubo community tells Conoil

DELTA: Implement PIA or face our wrath, Polobubo community tells Conoil By Chairman Ojumiri The people of oil-rich Tsekelewu (Polobubo) community in Warri North Local Government Area of Delta state, has handed down fourteen (14) days ultimatum to Conoil Producing Limited, to come up with visible plan to implement Chapter 3 of 2021 Petroleum Industry

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News Oil & Gas

Nigeria’s crude oil production hits 1.18mbpd, highest in seven months

Nigeria’s crude oil production hits 1.18mbpd, highest in seven months Nigeria’s crude oil production rose to 1.185 million barrels per day in November 2022, representing the highest output by the country in the past seven months. Latest oil production figures obtained from the Nigerian Upstream Petroleum Regulatory Commission on Sunday showed that the country’s output

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News Oil & Gas

Nigerian Senate reveals how the country lost $2billion to oil theft within eight months

Nigerian Senate reveals how the country lost $2billion to oil theft within eight months The Nigerian Senate, on Tuesday November 23, 2022, disclosed that the country had lost $2 billion to oil theft within eight months. The red chamber’s ad-hoc committee revealed this following its investigations on oil theft covering January to August this year.

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News Oil & Gas

President Buhari to flag-off crude oil drilling in Bauchi, Gombe states Tuesday

President Buhari to flag-off crude oil drilling in Bauchi, Gombe states Tuesday President Muhammadu Buhari will on Tuesday, November 22, officially flag off the ground-breaking ceremony of the Kolmani OPLs 809 and 810 at the Kolmani field site in Bauchi and Gombe States. The groundbreaking ceremony is coming three years after the Nigerian National Petroleum

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News Oil & Gas

CRUDE OIL THEFT: My life under threat as a result of reforms in NNPCL – Mele Kyari 

CRUDE OIL THEFT: My life under threat as a result of reforms in NNPCL – Mele Kyari  Group Chief Executive Officer (GCEO) of the Nigeria National Petroleum Company (NNPC Ltd), Mr Mele Kyari, has said that he is receiving death threats as a result of the ongoing reformation in the NNPC. Kyari made this know

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News Oil & Gas

OIL THEFT: Pipeline surveillance contracts yielding result – NLNG

OIL THEFT: Pipeline surveillance contracts yielding result – NLNG …confirms improvement in key crude oil transportation  The effort of the Nigerian National Petroleum Company to combat crude oil theft is yielding results as the Nigeria Liquefied Natural Gas (NLNG) Limited has confirmed improvement in key crude oil transportation. The NLNG spokesperson, Andy Odeh confirmed that

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News Oil & Gas

NNPCL appoints five Executive Vice Presidents

NNPCL appoints five Executive Vice Presidents …Adokiye named Executive Vice President, Upstream As part of its resolve to position itself for greater growth and profitability, the Nigerian National Petroleum Company Ltd has appointed five Executive Vice Presidents. According to a report by The Whistler, the appointment is part of the progress being made in the

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News Oil & Gas

Nigeria’s crude oil production to increase next week – Kyari, NNPC Boss

Nigeria’s crude oil production to increase next week – Kyari, NNPC boss The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited, NNPCL, Mele Kyari , has given indication that NNPCL will resume pumping of crude oil through its pipelines assets within the next one week. The Group Chief Executive Officer of the

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News Oil & Gas

Shell sets to resume crude oil exports at Forcados Terminal

Shell sets to resume crude oil exports at Forcados Terminal The Shell Petroleum Development Company of Nigeria Limited (SPDC) said, the Forcados Oil Terminal will resume export operations by the end of October 2022 when ongoing essential repairs would have been completed. “In addition to the repairs, we are working to remove and clamp theft

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National News Oil & Gas Video

[VIDEO] The massive vessel intercepted by Tompolo and his men loaded with illegal crude oil in Delta

The massive vessel intercepted by Tompolo and his men loaded with illegal crude oil in Delta state Watch video below:  

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National News Oil & Gas

How Tantita discovered 16 illegal tapped points in Trans-Escravos pipeline

How Tantita discovered 16 illegal tapped points in Trans-Escravos pipeline …Chief of Defense Staff expresses shock, sends warning notice ...Anyone involved will be dealt with – Kyari  The pipeline surveillance contract recently awarded to Tantita Security Services Limited by the Nigerian National Petroleum Company Limited (NNPCL) to assist curb oil theft and pipeline vandalism in

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National News Oil & Gas

[PHOTOS] Mele Kyari, Chief of Defence Staff visit site of discovered illegal oil pipeline in Delta

[PHOTOS] Mele Kyari, Chief of Defence Staff visit site of discovered illegal oil pipeline in Delta The Group Chief Executive Officer of the Nigeria National Petroleum Company Limited (NNPCL), Mallam Mele Kyari, and the Chief of Defence Staff, General Lucky Irabor on Friday, October 8, 2022 visited the scene of the newly discovered illegal pipeline

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News Oil & Gas

NNPCL discovers 4km illegal pipeline operated for 9 years undetected in Niger Delta

NNPCL discovers 4km illegal pipeline operated for 9 years undetected in Niger Delta …Brass, Forcados, Bonny terminals operating zero production – Kyari …Says 395 illegal refineries deactivated The Nigerian National Petroleum Company Limited (NNPCL) says it has uncovered an illegal 4-kilometre (km) pipeline from Forcados terminal to the sea, and a loading port that had

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News Oil & Gas

NNPCL declares N674b profit after tax …says major crude oil trunk lines shut down in Niger Delta

NNPCL declares N674b profit after tax …says major crude oil trunk lines shut down in Niger Delta  The Group Chief Executive Officer, Nigerian National Petroleum Company Limited, Mele Kyari, on Tuesday, announced that the NNPC as a corporation grew its profit after tax and assets from N287bn and N15.86tn in 2020, to N674bn and N16.3tn

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News Oil & Gas

Federal Government to re-open 180,000bpd Trans Niger Pipeline after 6 months of closure 

Federal Government to re-open 180,000bpd Trans Niger Pipeline after 6 months of closure  Six months after the Trans Niger Pipeline (TNP) was shut down due to vandalism and oil theft, the Federal Government is set to re-open the pipeline which has a production capacity of 180,000 barrels of crude oil per day. GbaramatuVoice learnt that

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News Oil & Gas

OML 42 workers in a showdown with management over poor working condition

OML 42 workers in a showdown with management over poor working condition …Vow to continue with protest until their requests are met In what could be described as a renewed hostility and unrelenting quest to press home their demand, the entire workforce of Oil Mining Lease (OML) 42 in Warri South West Local Government Area

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News Oil & Gas

Delta Ijaw community sues Shell over ownership of oil wells in Burutu

Delta Ijaw community sues Shell over ownership of oil wells in Burutu Okpokunou Urban Community in the Burutu Local Government Area of Delta state has sued Shell Petroleum Development Company (SPDC), which operates in the area. The suit was filed at the Federal High Court in Warri over ownership of oil wells. In the writ

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News Oil & Gas

Senate Ad hoc committee arrives Niger Delta, begins probe of oil theft

Senate Ad hoc committee arrives Niger Delta, begins probe of oil theft Worried by the dwindling oil revenue occasioned by crude oil theft and pipeline vandalism, the Senate Adhoc Committee on Oil Theft has arrived in Port Harcourt, the Rivers State capital, to unravel the true state of things at oil facilities across the Niger

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News Oil & Gas

NNPC loses $700m monthly to oil theft, vandalism

The Nigerian National Petroleum Company (NNPC) Limited says it loses $700 million every month as a result of oil theft and vandalism at terminals. Bala Wunti, group general manager, National Petroleum Investment Management Services (NAPIMS), made this known during a tour of NNPCL facilities on Sunday. ALSO READ: NNPC launches app to monitor crude oil

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News Oil & Gas

Crude oil theft is a big business in Niger Delta, all stakeholders are involved – PENGASSAN

Crude oil theft is a big business in Niger Delta, all stakeholders are involved – PENGASSAN The President, Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), Festus Osifo, has accused stakeholders in the oil and gas sector of complicity in oil theft. On Thursday, PENGASSAN embarked on a nationwide protest, threatening to shut

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News Oil & Gas

Shell to complete repairs on Forcados terminal this month – Report 

Shell to complete repairs on Forcados terminal this month – Report  Nigeria’s revenue is expected to increase over the restoration of the Forcados oil export terminal in late September, Bloomberg reports. A spokesperson for Shell Plc, which operates Forcados, told Bloomberg that repairs were ongoing at the terminal but declined to comment on the time

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News Oil & Gas

How Equatorial Guinea apprehended 3million barrel-capacity oil tanker accused of stealing crude oil in Nigeria

Equatorial Guinea has arrested a supertanker with a capacity for three million barrels of oil, about three times the one million barrels per day (bpd) currently being produced by Nigeria. GbaramatuVoice recalls that on Wednesday, the Nigerian Navy confirmed that the ship in question had been apprehended in Equatorial Guinea after the 300,000 metric tonnes

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News Oil & Gas

AGAIN! Shell confirms 5 barrels of oil spill in Ogoni community

AGAIN! Shell confirms 5 barrels of oil spill in Ogoni community The Shell Petroleum Development Company has discharged five barrels of crude oil from its Trans Niger Pipeline into Bodo community in Gokana Local Government Area of Rivers State, following an operational failure. This was contained in a report of a Joint Investigation Visit (JIV)

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News Oil & Gas

NNPC launches app to monitor crude oil theft, pipeline vandalism

NNPC launches app to monitor crude oil theft, pipeline vandalism The Nigerian National Petroleum Company Limited (NNPC Ltd.) on Friday launched ‘Crude Theft Monitoring Applications’ to curb oil theft and pipeline vandalism. The launch was held in Abuja on the sideline of the signing of renewed Production Sharing Contracts (PSCs) agreements between NNPC and its

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News Oil & Gas

Shell shuts floating crude oil storage vessel over leakage

Shell shuts floating crude oil storage vessel over leakage A Shell Floating Production Storage and Offloading (FPSO) vessel operating off the Bayelsa coastline, has been shut down due to water leakage, an official has said SPDC Spokesman, Mr Michael Adande who disclosed this in a statement on Thursday, said the vessel has been safely anchored

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News Oil & Gas

Nigeria is relying on natural gas to achieve energy transition to cleaner  – Timipre Sylva

Nigeria is relying on natural gas to achieve energy transition to cleaner  – Timipre Sylva Minister of State for Petroleum Resources, Chief Timipre Sylva, yesterday said Nigeria is relying on its natural gas to achieve energy transition to cleaner energy and reduced carbon emission. Sylva revealed this while speaking as a Special Guest of Honour

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News Oil & Gas

$8 billion is saved annually as a result of Nigerian Local Content Law – Engr. Wabote

$8 billion is saved annually as a result of Nigerian Local Content Law – Engr. Wabote The Executive Secretary, Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Wabote, has said that over $8billion is saved annually as a result of the Nigerian Local Content law. Wabote revealed this in his speech at the 5th

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