crude oil

August 11, (THEWILL) – The recent directive by President Bola Tinubu, sequel to a deliberation of the Federal Executive Council (FEC) that the Nigerian National Petroleum Company (NNPC) Limited should begin to sell crude oil to Dangote Refinery and...

April 12, (THEWILL) - Nigeria’s crude oil production in March 2024, dropped to 1.23 million barrels per day (bpd) from 1.32 million bpd recorded in February 2024, the Organisation of Petroleum Exporting Countries (OPEC) said on Friday, in its...

March 03, (THEWILL)-  "Speak the truth. Transparency breeds legitimacy, “ John C. Maxwell Former Vice President Atiku Abubakar, through a statement issued on January 25, 2024, asked President Bola Tinubu to account for the Nigerian National Petroleum Company Limited’s $3.3...

February 25, (THEWILL) - Ardova Plc's (AP) newly upgraded terminal in Ijora, Lagos, is set to commence operations in March 2024. Mr. AbdulWasiu Sowami, the Group Executive Chairman of Ardova Plc stated this during the pre-commissioning tour of the...

February 15, (THEWILL) - The Central Bank of Nigeria (CBN) has issued a directive to the international oil companies (IOCs), through the banks, restricting the repatriation of their export proceeds to 50 percent in the first instance. In a...

February 06, (THEWILL) - The Nigerian Navy in collaboration with Tantita Security Services Nigeria Ltd (TSSNL), has intercepted another vessel for crude oil theft in Delta State. TSSNL is a private security company owned by the erstwhile leader...

February 01, (THEWILL) - Troops of the 6-Division of the Nigerian Army, have uncovered 15 boilers and 9 reservoirs with the capacity to hold 5 million litres of crude oil from illegal refinery operators at Obuama and Uzuama communities...

January 28, (THEWILL) - The newly appointed Executive Secretary of the Nigerian Content Development and Monitoring Board, NCDMB, Felix Omatsola Ogbe has confirmed to deliver a keynote address at the opening of PETAN’s SAIPEC 2024 outlining NCDMB’s vision for...

December 21, (THEWILL) - Angola has announced its decision to quit membership of oil cartel, the Organization of the Petroleum Exporting Countries (OPEC), effective immediately. Oil Minister Diamantino Azevedo, in a televised address, declared that OPEC membership was no longer...

December 20, (THEWILL) – The Edo Refinery and Petrochemical Company (ERPC) facility in Ologbo and Duport Midstream Company Limited (DMCL) facility in Egbokor, Orhionmwon, have received a total of 75,500 barrels of crude from the Oza oil field and...