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crude oil

Crime

EFCC Detains Fenix Impex Boss For Allegedly Selling Confiscated Crude Oil

ThisDay -
The Economic and Financial Crimes Commission (EFCC) yesterday invited and detained the Chief Executive Officer of Fenix Impex Nigeria Limited, Mr. Jarret Tenebe over...
Economy

Navy Warns Oil Majors Against Economic Sabotage

PR Nigeria -
The Chief of the Naval Staff (CNS), Vice Admiral Usman Jibrin has warned oil companies to desist from committing economic sabotage against Nigeria. The naval...
Business

NNPC To Go Into Oil Bunkering In October

Wires | The Trent -
The Nigeria National Petroleum Corporation (NNPC) said it had concluded plans to go into oil bunkering business to boost its profitability in line with...
Business

Akwa Ibom Youths Shut Down ExxonMobil Over Oil Spills

Vanguard -
Youths from ExxonMobil’s host communities in Ibeno, Akwa Ibom State, have shut down the operations of the multinational oil firm over persistent oil spills...
Business

Niger Delta Fishermen Reject $50 Million From Shell As Compensation

The Nation -
Thousands of Nigerian fishermen have rejected an offer of $50 million from Royal Dutch Shell for “some of the largest oil spills in history,”...
Business

India Now Largest Importer Of Nigeria’s Crude Oil – NNPC

Goldmay Daniel | Staff Reporter -
Oil-rich Nigeria said on Thursday that India has replaced the United States as its largest crude importer, accounting for more than a quarter of...
Business

Oando’s Woes Increases With N13 Billion Loss In 6 Months

Vanguard -
Oando Energy Resources, OER’s woes continued as the company announced a loss of $39.9 million about N6.384 billion, in its first quarter 2014 financial performance...
Economy

Revoke Northerners Oil Blocs – Niger-Delta Group Urges President Jonathan

News Desk | The Trent -
As the national conference continues, the debate over the sharing of the countries oil revenue and ownership of oil blocs reaches fever pitch level,...
Economy

President Jonathan Presents N322 Billion NDDC Budget Proposal To Senate

Vanguard -
ABUJA — President Goodluck Jonathan, yesterday, presented a budget proposal of N322.6 billion for the Niger Delta Development Commission, NDDC, for the 2014 fiscal...
Business

Nigeria No Longer Has Tangible Trade In Crude Oil With US – Alison-Madueke

ThisDay -
The Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke, has stated that Nigeria no longer has any tangible trade in crude oil with the United...
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