64 h. ago Nigeria’s crude suffers low demand, cargoes await buyers — Report

Crude oil grades from Nigeria have faced tepid demand in the April trade cycle as ample availability of lower-priced alternatives such as US WTI, Caspian CPC Blend, and other Mediterranean grades enticed European buyers. Argus Media, an independent energy and commodity price benchmarks provider, reported this on Thursday. The report stated that the trade cycle Read More

Transport

4 d. ago Navy cracks down on illegal refineries in Delta, seizes stolen crude

The Nigerian Navy has intensified its crackdown on crude oil theft and pipeline vandalism with the discovery and deactivation of three illegal refining sites in Oteghele, a community in the Warri South-West Local Government Area of Delta State. Personnel from the Forward Operating Base Escravos carried out the operation on March 24 as part of Read More

Politics

1 week ago Nigeria Oil Production Decline Looms As Explosion Rocks Biggest Crude Pipeline

An explosion has struck the Trans-Niger Pipeline, one of Nigeria’s largest oil pipelines, in the Bodo area of Rivers State. LEADERSHIP checks indicate that the incident, which occurred on Monday night, has raised concerns about potential disruptions to Nigeria’s already struggling oil production. The pipeline, with a capacity to transport over 450,000 barrels of crude […]

Politics

1 week ago Low Oil Production Decline Looms As Explosion Rocks Nigeria’s Biggest Crude Pipeline

Following the explosion on the Trans-Niger Pipeline (TNP), one of Nigeria’s largest oil pipelines, in the Bodo area of Rivers State, on Monday night, Nigeria’s oil production may decrease. LEADERSHIP checks indicated that the incident has raised concerns about potential disruptions to Nigeria’s already struggling oil production. The pipeline, with a capacity to transport over […]

Politics

2 w. ago Modular refiners await NNPC’s crude supply six months after pledge

Several modular refiners are still awaiting their first crude oil supplies despite the Nigerian National Petroleum Company Limited (NNPCL)’s pledge read more Modular refiners await NNPC’s crude supply six months after pledge

Politics

2 w. ago Examining military’s onslaught against oil theft in Niger Delta

DELE OGUNYEMI examines the military’s renewed crackdown on Niger Delta oil theft and illegal refineries to boost crude production to between 2.5 and 3 million barrels daily and strengthen the economy In a renewed push against crude oil theft, the Nigerian military forces have intensified action to ensure a crackdown on all illegal refining sites Read More

Politics

2 w. ago Vandals target NLNG pipelines for crude condensates – Report

Fresh investigations have revealed that the group of vandals targeting pipelines supplying natural gas to Nigeria LNG Limited are in pursuit of stealing crude condensate — a highly coveted hydrocarbon that commands greater local demand than crude oil – and not the gas transported. A report by Bloomberg on Tuesday stated that this high-risk act Read More

Politics

3 w. ago Petrol imports gulp N3.3trn in three months despite rising local refining

Nigeria’s petrol imports have persisted with no significant decline despite reported rising domestic refining capacity. Nigeria, Africa’s largest crude oil read more Petrol imports gulp N3.3trn in three months despite rising local refining

Politics

3 w. ago Navy cracks down on oil theft, seals refining sites in N’Delta

The Nigerian Navy’s fight against crude oil theft, pipeline vandalism, and other acts of economic sabotage yielded fresh results in the early hours of Tuesday, March 4, 2025, as personnel of the Forward Operating Base Escravos discovered and sealed three illegal refining sites at Obodo in the Omadino riverine community, Warri South West Local Government Read More

Politics