Friday, September 12, 2025
22.1 C
Abuja

Tag: Oil

Africa Holds 35% Of The World’s Newly Found Oil, According To A Report

In a significant shift in the global oil landscape, a new report by S&P Global reveals that African countries...

Shell Faces UK Trial Over Oil Spills

Leaders from Nigeria's Ogale community have initiated legal proceedings against Shell in London's High Court, seeking accountability for extensive...

Oil Theft Causes Most Crude Spills – NOSDRA

Over the past few years, despite the government putting a lot of money and resources into stopping oil theft,...

Nigeria’s 2MBPD Oil Plan May Clash With OPEC – Report

The Federal Government of Nigeria is currently working on a plan to boost its crude oil production to 2.062...

Seplat Expands to Fill Gap Left by Foreign Oil Companies

Nigerian energy company Seplat is stepping up to fill the vacuum left by foreign oil companies exiting Nigeria’s onshore...

Intensified Crackdown on Oil Theft

Nigeria has ramped up its efforts to tackle oil theft in the Niger Delta region, aiming to curb the...

OPEC’s Influence on Global Oil Prices Weakens

The Organization of the Petroleum Exporting Countries (OPEC) is experiencing a noticeable decline in its ability to influence global...

TotalEnergies, MRS, And Others Win 2024 Oil Licensing Bid

Winners have been announced in the current 2024 oil licensing bid round in Nigeria, which is an important event...

Oando Increases Oil Production By 50%.

Oando Plc, a major player in the oil industry, has announced that it has significantly boosted its crude oil...

Oil Imports Fell By 35% In Q2 – CBN

In the second quarter of 2024, Nigeria saw a significant decrease in its oil imports, dropping by 35 percent....

Oil Production Hit 1.35 Million Barrels Per Day in August – OPEC.

Oil Production Hit 1.35 Million Barrels Per Day in August - OPEC. Nigeria's crude oil production rose from 1.307 million...

Oil Production Dropped in Q2 – NBS.

Oil Production Dropped in Q2 - NBS. Nigeria's daily oil production saw a reduction of 160,000 barrels per day in...