Global crude oil prices fell further on Monday, reigniting hopes for a reduction in Premium Motor Spirit, PMS, pump prices in Nigeria. A market survey by journalist on Monday showed that Brent…
Tag: crude oil
Crude Oil Surges to $115, 2022 Peak Level
Brent crude has surged to $115 per barrel, while West Texas Intermediate increased to $103 per barrel on Wednesday. Global oil prices showed that both Brent and WTI crude prices rose by…
PENGASSAN stops gas, oil supply to Dangote Refinery
News Update THE Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has ordered its members across key oil and gas companies to halt supply of crude oil and gas to…
Jubilation as Nigeria Refinery Commences Crude Oil Processing
News Update THE Port Harcourt Refining Company (PHRC) Ltd in Rivers State has commenced crude oil processing. This is according to the Chief Corporate Communications Officer of the Nigerian National Petroluem Company…
Tinubu approves sale of crude oil to Dangote, others in Naira
VOICE AIR MEDIA, News Update THE Federal Executive Council, FEC has mandated the Nigerian National Petroleum Corporation, NNPC to immediately begin the sale of crude oil to local refineries, including the Dangote…
NNPC declares war on crude oil production in Nigeria
Voice Air Media, News Update THE Nigerian National Petroleum Company (NNPC) Limited has declared a state of emergency regarding crude oil production in Nigeria. The Group Chief Executive Officer of the NNPCL,…
Inside Ondo: 15,775 litres of stolen crude oil destroyed
VOICE AIR MEDIA News Update Men of the Nigerian Navy Forward Operating Base (FOB) in Igbokoda, Ondo State, over the weekend, intercepted and destroyed 15,775 litres of stolen crude oil in the…
Uncertainty Looms Over Fuel Price As Crude Oil Surges to $93.50
VAM News Update Concerns are growing over the potential hike in petrol prices in Nigeria as crude oil prices continue to rise in the international market. On Monday, the price of crude…
Boats carrying illegal crude oil intercepted in Delta Creeks— Report
Operatives of a private pipeline surveillance contractor to the NPDC/Splat Joint Venture, Abicity Security, in collaboration with personnel of the Nigerian Army stationed at Ubagboro community along the Amokpe Escravos Pipeline in…
Buhari to oversees Northern Crude Oil Drilling
President Muhammadu Buhari is expected to officially kick off drilling for crude oil in the north for the first time. This is coming exactly two years after the mineral resource was discovered…