Category: Oil News
Bad weather disrupts efforts to stop oil spill offshore Mauritius
Aug 7, 2020 The carrier was en route to Brazil from China and held 3,894 tons of low-sulfur fuel oil, 207 tons of diesel and 90 tons of lubricant oil, according to the Environment Ministry. “Due to bad weather and constant...
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OPEC daily basket oil price closes at $37.18 per barrel
Vienna, Austria — The price of OPEC basket of thirteen crudes stood at $37.18 a barrel on...
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Buhari to flag off construction of $2.8bn AKK pipeline on June 30
Jun 26, 2020 Barring unforeseen circumstances, President Muhammadu Buhari will on June 30 flag off...
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Oil Prices: OPEC to hold emergency meeting with Russia, others on output cut
The Organization of Petroleum Exporting Countries hasinvited Nigeria and other members of the...
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Fuel scarcity looms as NUPENG hints sit-at-home order from Friday
The Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) has expressed concern over the...
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Nigeria Set for Highest Oil Exports to Europe
OPEC to rollover output cut deal Ejiofor Alike with agency reports Nigeria is set to export...
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LEKOIL’s Otakikpo field set to increase volume to 20,000 barrels a day
Jun 21, 2019 LEKOIL (AIM: LEK), the Africa focused oil and gas exploration and production company...
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U.S. surpasses Nigeria in oil exports, slashes imports
Jun 21, 2019 By the editor The US has significantly reduced imports of Nigerian crude oil in the...
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NNPC assures pipeline fire won’t lead to petrol scarcity
Jun 20, 2019 A serial fire outburst on major petroleum products artery operated by the Nigerian...
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Renewable Energy Unlikely to Overtake Oil in Decades – Barkindo
By Chineme Okafor Abuja — The Secretary General of the Organisation of Petroleum Exporting...
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Navy Destroys 50 Illegal Refineries in Delta Creeks
By Chiemelie Ezeobi As part of its continuous fight against crude oil theft and pipeline vandalism...
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Nigeria’s daily oil production now 2.2mb at $22 per barrel production cost
Nigeria’s daily oil production has exceeded the 2.3 million barrel per day benchmark for the 2019...
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