6 h. ago Navy destroys illegal refineries, seizes stolen crude oil in Delta

Tribune Online Navy destroys illegal refineries, seizes stolen crude oil in Delta The Nigerian Navy has dismantled four illegal refining sites in Delta State, seizing thousands of litres of stolen crude oil and illegally refined diesel. Navy destroys illegal refineries, seizes stolen crude oil in Delta Tribune Online

Politics

14 h. ago NNPC Shipping, Caverton Launch Partnership To Drive Energy Transport Industry

NNPC Shipping, Stena Bulk, and Caverton Marine Limited have announced a groundbreaking partnership to revolutionise Nigeria’s maritime transportation sector. This strategic collaboration, formalised and signed in London last week, aims to establish a robust tanker operation catering to the region’s crude oil, refined products, and LNG shipping requirements, bolstering Nigeria and West Africa’s energy supply […]

Politics

29 h. ago Naira crude sales boost local refineries, cut FX risks – Tinubu

The Federal Government said the introduction of the sale of crude oil in Naira was a strategic move to enhance the operational efficiency of local refineries by reducing foreign exchange risks and transaction costs. President Bola Tinubu made this known on Tuesday, while officially declaring the eighth edition of the Nigeria International Energy Summit open Read More

Politics

33 h. ago NNPC Shipping, partners unveil joint venture to boost crude transport

The Nigerian National Petroleum Company Shipping, Stena Bulk, and Caverton Marine Limited have announced the signing of a new joint venture that will transform Nigerian maritime transportation. The partnership will focus on developing and operating tankers to efficiently transport crude oil across Nigeria and West Africa, reducing reliance on foreign vessels. A statement by the Read More

Politics

3 d. ago Army destroys 18 illegal refineries, arrests 17 in Niger Delta

The 6 Division, Nigerian Army has said its operatives have destroyed 18 illegal refining sites, ten boats used for the illicit activity, and arrested 17 suspects in the Niger Delta region. The Army further said no fewer than 25,000 litres of stolen products were recovered during a raid of selected spots in Rivers, Bayelsa and Read More

Events

5 d. ago Brent hits $76 as Trump vows quick refill of US oil reserves

Crude oil prices edged higher today, with Brent Crude and West Texas Intermediate (WTI) rising nearly 0.5 percent to $76.45 read more Brent hits $76 as Trump vows quick refill of US oil reserves

Politics

5 d. ago Nigeria’s 2.06m bpd crude oil target in 2025 achievable – Lokpobiri

Nigeria’s target of 2.06million bpd crude oil production target in 2025, is achievable, the Minister of State for Petroleum, Heineken Lokpobori has said. Lokpobori said this on Thursday in Abuja at the Nigeria Petroleum Industry Leadership Discourse, with the theme: “Nigeria’s Oil Production Growth Roadmap Acceleration Imperatives’’ organised by Heirs Energies Limited. ”The 2025 budget Read More

Politics

6 d. ago Collaboration needed to fight crude oil theft — NSCDC commandant

The Commandant-General of the Nigeria Security and Civil Defence Corps, Dr. Ahmed Audi, on Thursday, paid an operational visit to the facilities of Tantita Security Services Nigeria Limited, a private security outfit contracted by the Federal Government. During the visit, he emphasised that no single security agency holds a monopoly on strategies for combating crude Read More

Politics