Tag Archives: oil

Defence chief defends burning of vessel used for oil theft, says no investigation is needed

Defence chief defends burning of vessel used for oil theft, says no investigation is needed

Chief of Defence Staff, General Lucky Irabor has said that burning of oil bunkering vessel by security operatives is in line with the rules of engagement.   Commenting on the destruction of the vessel after a security meeting, Irabor said the vessel was caught in the act and no investigation is needed to set …

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FG to collect landing and take-off charges from helicopters operating on all oil platforms in the country

FG to collect landing and take-off charges from helicopters operating on all oil platforms in the country

A new team which would collect landing and take-off fees from helicopters operating on all oil platforms across the country, has been inaugurated by the federal government, through its consultant, Naebi Dynamic Concepts Limited.   The implementation committee for Rivers state which includes representatives of police, Department of State Services (DSS), Rivers …

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Democrats Pushing ‘NOPEC’ Bill To Punish Saudi Arabia… Instead Of Just Producing Our Own Oil

Democrats Pushing 'NOPEC' Bill To Punish Saudi Arabia... Instead Of Just Producing Our Own Oil

After the recent snubbing of President Joe Biden by Saudi Arabia and other OPEC nations following his request that they increase oil production, Congressional Democrats are rushing to the President’s aid. Rather than increasing American energy production, Democrats are threatening retaliatory measures against the House of Saud. Senate Majority Leader …

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NSCDC uncovers fenced dump site used to store crude oil and illegally refined petroleum products

NSCDC uncovers fenced dump site used to store crude oil and illegally refined petroleum products

The Nigeria Security and Civil Defense Corps (NSCDC), Rivers State Command, has uncovered a ten plots fenced dump site used in storing stolen crude oil and illegally refined petroleum products in Agbada Community, Ikwerre local Government Area of Rivers State.   Four persons including the gate-keeper and supervisor were arrested at the …

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Oil theft: 265 illegal refineries in SPDC corridor alone – Minister

Oil theft: 265 illegal refineries in SPDC corridor alone – Minister

The minister, represented by Mr Kamaru Busari, Acting Permanent Secretary, Ministry of Petroleum Resources, said vandalism and oil theft had resulted in Nigeria producing less than one million barrels of crude oil per day. Sylva said the country’s inability to meet its Organisation of the Petroleum Exporting Countries (OPEC) quota …

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Why the current oil boom for Arab states may be their last | CNN Business

Why the current oil boom for Arab states may be their last | CNN Business

Editor’s Note: A version of this story first appeared in CNN’s Meanwhile in the Middle East newsletter, a three-times-a-week look inside the region’s biggest stories. Sign up here. Abu Dhabi CNN  —  The oil boom brought about by the Ukraine war has made energy-rich Middle Eastern countries extraordinarily wealthy once …

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Kidnapped Kogi oil mogul, Mohammed Jamiu regains freedom after two months in captivity

Kidnapped Kogi oil mogul, Mohammed Jamiu regains freedom after two months in captivity

The owner of Always Petroleum and Energy Service Limited, Alhaji Mohammed Jamiu, has regained freedom after spending two months in kidnappers’ den.   Jamiu was kidnapped on July 9, 2022 at his residence located at Idare quarters in Okene Local Government Area of Kogi State.   The kidnappers, numbering four, …

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