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‘Revenue from crude oil not economically sustainable’

Nigeria must stop relying on crude oil earnings as the revenue it generates from the commodity is not economically sustainable, a former United Nations...

US Now Exporting More Crude Oil Than Nigeria

Femi Asu After drastically reducing its imports of crude oil from Nigeria a few years ago, the United States is now exporting more crude than...

Senate summons British Firm Over $3.3bn Oil Deal

Senate Committee on Local Content has summoned a British firm, BP Oil International Limited, over a $3.3 billion pre-financing crude oil deal that may have...

Indonesia Seeks Cooperation With FG’s To Buy More Crude Oil

Uche Usim, Abuja The Indonesian government has sought the cooperation of its Nigerian counterpart to increase the quantity of crude it buys from Nigeria. The request...

NNPC, NIMASA Partner On Crude Oil Export

The Nigerian National Petroleum Corporation (NNPC) in conjunction with the Nigerian Maritime Administration and Safety Agency (NIMASA), yesterday convened a meeting of stakeholders in...

Senator Emmanuel Onwe: An Epitome, Embodiment And Ideal Definition Of Operation...

By Monica Ada Chidinma Eze, Preamble As long as poverty, injustice and gross inequality exist in our world, none of us can truly rest. There are...

Oil Prices Jump Above $65

Brent crude oil prices jumped above $65 per barrel after the shutdown of the Forties North Sea pipeline knocked out significant supplies from a...

Nigeria’s Oil Sales Suffer, US Exports Rise

Femi Asu More than two dozen Nigerian crude oil cargoes were left unsold on Monday amid a supply glut of light sweet crude in the...

FG To Begin Crude Oil Tracking Next Year

Okechukwu Nnodim, Abuja The Federal Government announced on Monday that plans were in top gear to deploy technology that would track and account for every...

Kaduna Refinery Moribund, Port Harcourt, Warri Producing Below 30% – NNPC

There seems to be no end in sight to the downward operational performance of Nigeria ’s refineries since the beginning of 2017 despite several...

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