Crude Oil – Page 3 of 4 – Prime Business Africa

Nigeria Records 164 Crude Oil Theft Incidents In One Week

Five Reasons NNPC Lost $1.06 billion Oil Revenue In One Month

The Nigerian National Petroleum Company (NNPC) Limited lost $1.068 billion oil revenue in one month as the corporation struggles to curb crude oil loss, preventing the firm from remitting into the federal

Fakoyejo Olalekan

2 years ago

Business·Oil & Gas

UN Criticises Oil Companies For Making Over $100 billion In Three Months

The secretary-general of the United Nations, António Guterres, has condemned oil and gas companies for taking advantage of the rising price of crude oil to increase their earnings in the first quarter

Fakoyejo Olalekan

2 years ago

Business·Oil & Gas

Seplat Energy To Operate New Export Route After Revenue Loss To Vandalism

Seplat Energy has commenced transportation of crude through the new Amukpe-Escravos pipeline in Niger Delta, as the oil and gas company looks to reduce it dependence on Trans Forcados System. The firm

Fakoyejo Olalekan

2 years ago

Business·Oil & Gas

Nigeria Loses Largest African Oil Producer Status To Angola, As OPEC Reveals Country’s Problem

Nigeria has yet again lost its position as the largest oil producer in Africa, after producing less crude compared to Angola in June. This is the second months the country will fall

Fakoyejo Olalekan

2 years ago

Business·Oil & Gas

Oando Boss, Wale Tinubu, Says Business Suffering From Oil Theft, Reveal Losses

The Group Chief Executive Officer of Oando Plc, Wale Tinubu, said Nigeria’s Gross Domestic Product (GDP) is at risk of losing millions due to the crude oil barrels pumped by oil companies

Fakoyejo Olalekan

2 years ago

Business·Oil & Gas

Russia-Ukraine War: Buhari’s Gov’t Spends N947.51 billion On Fuel Subsidy In 4 Months

Nigeria spent N947.51 billion on petrol subsidy within the first four months of this year, as rising crude oil price eats into the revenue generation of the country, surging by 55.7%, to

Fakoyejo Olalekan

2 years ago

Business·Oil & Gas

Oil Price Falls, Put Nigeria’s Fuel Cost Above N300 Per Litre

Crude oil price opened trading on Monday at a loss, falling -0.72%, but it level is still a problem to the Nigerian government, which has been unable to profit from the 52%

Fakoyejo Olalekan

2 years ago

Business·Latest News

Oil Price Rises, As OPEC Raises Nigeria’s Oil Quota After Russian Oil Ban

Crude oil price rose to $119.7 per barrel on Friday as the Organisation of Petroleum Exporting Countries (OPEC) raised Nigeria’s oil production quota, two years after the April 2020 increase, during the

Fakoyejo Olalekan

2 years ago

Insights·Oil & Gas

Russia Oil Ban Hands Nigeria, Oil Thieves Opportunity To Increase Revenue

Ban on Russian oil from Europe has created an opening for oil thieves in Nigeria, Nigerian government and members of Organization of the Petroleum Exporting Countries (OPEC) and allies, OPEC+, to raise

Fakoyejo Olalekan

2 years ago

Oil & Gas·Top Stories

ENI Terminal Blast Forces Down Oil Production By 25,000 Barrels Per Day

Parent company of Nigerian Agip Oil Company (NAOC), Eni, on Monday declared a Force Majeure – a legal clause in contracts which absolves firms from legal liabilities due to circumstances beyond their

Uduegbunam Chukwujama

2 years ago

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Crude Oil - Page 3

Five Reasons NNPC Lost $1.06 billion Oil Revenue In One Month

UN Criticises Oil Companies For Making Over $100 billion In Three Months

Seplat Energy To Operate New Export Route After Revenue Loss To Vandalism

Nigeria Loses Largest African Oil Producer Status To Angola, As OPEC Reveals Country’s Problem

Oando Boss, Wale Tinubu, Says Business Suffering From Oil Theft, Reveal Losses

Russia-Ukraine War: Buhari’s Gov’t Spends N947.51 billion On Fuel Subsidy In 4 Months

Oil Price Falls, Put Nigeria’s Fuel Cost Above N300 Per Litre

Oil Price Rises, As OPEC Raises Nigeria’s Oil Quota After Russian Oil Ban

Russia Oil Ban Hands Nigeria, Oil Thieves Opportunity To Increase Revenue

ENI Terminal Blast Forces Down Oil Production By 25,000 Barrels Per Day

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