•Crude oil Operators of the Oza oil field, Decklar Resources Inc., and its co-venturer, Millennium Oil and Gas Company Limited, said they have delivered 75,500 barrels of crude till date to two modular refineries in Edo State. The two refineries are the Edo Refinery and Petrochemical Company (ERPC) facility in Ologbo, Ikpoba Okha Local Governm...
•Barrels of crude oil Oil prices shot up nearly three percent today as more companies suspended shipping through the Red Sea following attacks on vessels by Yemen’s Iran-backed Huthi rebels. Meanwhile US stocks sought to continue last week’s rally on expectations that the US Federal Reserve will cut interest rates next year, although it appear...
When the Group Chief Executive Officer, GCEO, of the Nigerian National Petroleum Corporation Limited, NNPCL, Mr. Mele Kyari, tripped the alarm, last Friday, that the authorities had discovered over 4,800 illegal connections on the national crude oil pipelines, many were shocked, thinking that the media misquoted him. The bolt from the blue was...
The Nigerian National Petroleum Company Limited (NNPCL) says it discovered over 4,800 illegal connections on oil pipelines in the country in what is a grim picture of the country’s major income earner. “We have over 4,800 illegal connections on our pipelines. That means in some lines, within 100 kilometres of pipelines, you have as much [&hell...
•An oil refinery warehouse Officials of the Federal Capital Territory Administration (FCTA) and operatives of security personnel today Thursday, November 30, uncovered an illegal oil refining warehouse in Mabushi, opposite the Mobile filling station on Ahmadu Bello way in Abuja. The Director of the Department of Development Control, FCTA, Mukh...
•Aduku The Chairman, Arewa Consultative Forum, (ACF), Arch Gabriel Aduku, has said that States governors should have nothing to do with the 13 percent derivation revenue accruing from oil producing states in the country. Aduku was an elected member of the General Sani Abacha’s Constitutional Conference between 1994 to 1995 where he was the cha...
The Frontier is Nigeria’s leading online newspaper. It is published by Okims Media Links Limited headed by Sunny Okim, a veteran journalist who is widely known as The Grandmaster, fondly called so by colleagues and friends for being Nigeria’s pioneer movie journalist.
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