crude oil

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...

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...