Nigeria owes up to $3 billion to supermajors and trading giants for the fuel-for-crude swaps via which Africa’s biggest oil producer has been importing fuel to meet domestic demand, Oilprice.com reports, quoting Reuters on Friday which cited executives and...
June 04, (THEWILL) - Nigeria alongside other OPEC and Non-OPEC members at the just concluded 35th Joint Ministerial Monitoring Committee (JMMC) meeting in Vienna, Austria, have agreed to a cut production volumes in order to ensure global oil...
May 26, (THEWILL) - Former Niger Delta militant commander and Ibe Ebidouwei of Ijaw Nation, High Chief Government Oweizide Ekpemupolo, also known as Tompolo, has lauded President Muhammadu Buhari over his commendable battle against crude oil theft and illegal...
Oil prices rebounded on Friday from losses of more than 1% the previous day as investors turned cautiously optimistic over the fading risk of a U.S. debt default. Brent futures rose 59 cents, or 0.8%, to $76.45 a barrel...
May 18, (THEWILL) - Rising demand in China and the United States sent global oil demand surging by 3 million barrels per day (bpd) in March compared to February and hitting the highest level on record, data from the...
May 17, (THEWILL) – The Nigerian Navy Ship, NNS DELTA, has impounded a sewage disposal truck and a barge, MV Amangwu at Okpaka Community in Udu Local Government Area of Delta State.
The Commander of NNS DELTA, Chindo Yahaya,...
May 16, (THEWILL) - Oil pollution in Bayelsa State was in the international focus on Tuesday, as the report of the state’s Oil and Environmental Commission (BSOEC), was launched at the House of Lords in London.
The 211-page report...
May 09, (THEWILL) – Crude oil prices began Tuesday trade with a dip as traders brace up for the April inflation data, to be released on Wednesday, according to report by Oil Price.com
The online oil business platform said...
April 19, (THEWILL) - The House of Representatives Ad Hoc Committee has threatened to summon the Attorney General of the Federation (AGF), Abubakar Malami, and other top government officials, over the alleged loss of $2.4 billion from the illegal...
April 05, (THEWILL) - The Senate has indicted the Nigerian National Petroleum Company Limited (NNPCL), for lack of transparency in crude oil lifted from its Escravos terminal to Warri Refinery and Petrochemical Company (WRPC), as well as the Kaduna...
An Akwa Ibom State High Court sitting in Uyo has dismissed a petition seeking the dissolution of a marriage that has lasted over 43 years, ruling that lack of love and mutual respect between spouses does not, on its own, constitute sufficient legal grounds for divorce.
