crude oil

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...

December 18, (THEWILL)- The newly appointed Board and Management team for the Nigerian National Petroleum Company Ltd (NNPCL), on Monday, pledged to produce two million barrels of crude oil daily from 2024. Chief Pius Akinyelure, Non-Executive Board Chairman of NNPCL,...

November 14, (THEWILL) - The Executive Secretary Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Kesiye Wabote has warned that Nigeria might resort to importing crude oil for its upcoming and existing refineries if concerted efforts are...

November 12, (THEWILL) - Stakeholders and industry experts have commended the recent NNPC/Aiteo Joint Venture Nembe Crude Oil Grade describing it as a huge milestone in Nigeria’s oil and gas sector. Engr. Okwudili Akobundu who runs a private oil and...

November 12, (THEWILL) - The Nigerian Extractive Industries Transparency Initiative (NEITI) on Thursday said the federal government revenue-generating agencies remitted a total of about N14.38 trillion as revenue from the extractive sector to the Federation Account (FA) between 1...