Nigeria’s crude oil production faces disruption after Aiteo Eastern Exploration and Production Company, operator of the Nembe oil field in Bayelsa State, halted operations due to an oil spill.  The company revealed in a release that the leak was discovered on June 17 while conducting routine operations in the Nembe area of Bayelsa State.  This […]Read More

A fire ignited by a drone attack on an oil depot in the southern Russian region of Rostov has gone into its second day with local emergency services still trying to put it out. According to a Reuters report, the drone attack had been carried out by the Security Service of Ukraine. Ukrainian attacks on […]Read More

Mele Kyari, the Chief Executive Officer of the Nigerian National Petroleum Corporation Limited, has called for the support of the judiciary in tackling the twin challenges of crude oil theft and pipeline vandalism. He said for the oil and gas industry to achieve its full potential, the judiciary must get the support it deserves as […]Read More

Nigeria’s oil production, a critical pillar of its economy, faces a significant threat as a dispute between the indigenous Nembe community and the oil firm Aiteo Eastern E&P Company Ltd. escalates. The conflict, centred in the Nembe Creek area, jeopardizes the daily production of approximately 150,000 barrels of crude oil, exacerbating concerns in a market […]Read More

The Nigerian National Petroleum Company (NNPC) Limited has refuted claims that it inflated subsidy by N3.3 trillion for Premium Motor Spirit, popularly known as petrol. On Monday, media reports surfaced about a forensic audit conducted by KPMG, a global accounting firm, which uncovered a significant discrepancy in the fuel subsidy claims made by the NNPC.   According to reports, the […]Read More