crude oil

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...

November 08, (THEWILL) - The Nigerian National Petroleum Company (NNPC) Ltd has announced the introduction of Nembe Crude Oil Grade, a new crude oil grade, into the international crude oil market. A statement signed by the Chief Corporate Communications Officer,...

October 14, (THEWILL) - Nigeria’s crude oil production including condensate, has increased to 1.7 million barrels per day on Friday, October 13th. Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, disclosed this to Energy Correspondents in Abuja,...

October 04, (THEWILL) - The Organisation of Oil Petroleum Exporting Countrie (OPEC), has reviewed the crude oil production data of member states and allies. This was reviewed at the just-concluded 50th meeting of the Joint Ministerial Monitoring Committee (JMMC). The Cartel,...

October 02, (THEWILL) - The indigenes of Iko Town in the Eastern Obolo local government area of Akwa Ibom State, have protested the refusal of oil companies operating on their land to meet their demands, even as they have...

October 01, (THEWILL) - With the goal of quickly ramping up Nigeria’s flagging crude oil production, ensuring compliance with the provisions of the Nigerian Content Act, and timely approvals of documents, the Nigerian Content Development and Monitoring Board (NCDMB)...

September 19, (THEWILL) - Oando Plc has announced a profit after tax (PAT) of N32.9 billon in its full-year-ended 2021 financials. This year, 2023, has seen the Company record positive highlights, including the recent announcement of its intent to...