Tag: oil
EFCC probes 11 oil thieves in Lagos
The Economic and Financial Crimes Commission (EFCC) says it has commenced an investigation of 11 suspected oil thieves and one vessel, MT SAISNIL II,...
NNPCL, partner begin oil production at Madu Field, target 20,000bpd
The Nigerian National Petroleum Company Limited (NNPCL) and its Joint Venture partner in OML 85, First Exploration and Petroleum Development Company Limited (First E&P),...
Libya’s oil minister suspended over fraud
Libya's oil and gas minister in the Government of National Unity (GNU), Mohamed Aoun, has been temporarily suspended from work over alleged fraud.
The Administrative...
NNPCL to EFCC: Help us in fight against oil theft
The Nigerian National Petroleum Company Limited (NNPCL) has appealed to the Economic and Financial Crimes Commission (EFCC) to help tackle the menace of crude...
EFCC quizzes 11 oil thieves in Rivers
The operatives of the Port Harcourt Zonal Command of the Economic and Financial Crimes Commission (EFCC) have commenced an investigation of 11 suspected oil...
Tinubu signs executive orders on oil, gas reforms
President Bola Tinubu has issued policy directives to improve the investment climate and position Nigeria as the preferred investment destination for the oil and...
Oil prices increase after OPEC+ extends output cuts
Oil prices increased slightly on Monday, March 4, 2024, after OPEC+ members, on Sunday, announced an extension to oil production cuts first announced in...
Fuel queues: FG appeals as oil marketers down tools
The Federal Government has promised to address the concerns of oil transporters and distributors to ensure smooth distribution following the high cost of operations...
Tinubu orders AGF, EFCC, others to clear cases on $1.3bn oil...
President Bola Tinubu has ordered the Attorney-General of the Federation (AGF), Lateef Fagbemi, to clear court cases on the $1.3 billion deepwater OML 245...
Troops recover 5m litres stolen crude oil from thieves
The troops of the Nigerian Army have seized about 5 million litres of stolen crude oil worth billions of naira from oil thieves in...
