Shell asks shippers exporting Nigerian oil to sign guarantee letter
Royal Dutch Shell has asked ship owners exporting its Nigerian oil to sign a “letter of comfort” (LoC) to guarantee…
Sahara Energy denies report of arrest of directors over $50b oil fraud
Sahara Energy on Friday denied a report that linked its management to the trial of Nigeria’s former Petroleum Minister, Diezani…
NSCDC destroys 10 illegal refineries, seizes 42 oil tankers
The Nigeria Security and Civil Defence Corps (NSCDC) said it destroyed 10 illegal refineries in three states and seized 42…
China’s crude oil importation from Nigeria steady – Envoy
China’s Ambassador Gu Kiaojie says his country’s crude oil importation from Nigeria has been steady in the last five years.…
14 suspected oil thieves face trial
14 suspected pipeline vandals arrested by the Nigeria Security and Civil Defence Corps (NSCDC), Abia Command, are currently facing prosecution,…
Shell ready for Ogoni environment clean-up
The management of Shell Petroleum Development Company of Nigeria (SPDC) has declares its commitment to undertake the contentious clean-up of…
Group faults NNPC’s fresh crude oil swap deal
The interim crude swap contract entered into with four companies by the Nigerian National Petroleum Corporation (NNPC) lacked transparency, the…
NNPC lifts embargo on 113 crude oil vessels
The Nigerian National Petroleum Corporation (NNPC) has lifted embargo placed on 113 vessels from lifting crude and gas in any…
Nigeria’s daily fuel subsidy drops to N1.07 billion
The Federal Government’s daily spending on petrol subsidy may dropped from the N2.4 billion it recorded in June to N1.07…
NNPC raises alarm over fraudulent use of GMD’s name
The Management of Nigerian National Petroleum Corporation (NNPC) has disclaimed the use of the name and office of the Group…