June 23rd -27th
Nigerian Navy operations facilitated increase in crude oil production: Official.
The Nigerian Navy says its operations have restored near normalcy in the nation’s crude oil production. The outgoing flag officer commanding (FOC) of the Eastern Naval Command, Rear Adm. Saheed Akinwande, stated this during a farewell parade in his honour in Calabar on Friday.
He said the command, which covers operations in 13 states, had significantly reduced crude oil theft, pipeline vandalism, and other forms of criminality in its area of coverage.
“Aside from being the FOC eastern naval command, I was privileged to be assigned as the commander of Task Group Operation Delta Sanity 2 by the Chief of Naval Staff.
“The operation was flagged off on 30th December 2024 with a strategic objective to curtail the menace……
FG Explores Interventions to Stabilise Gas Supply, Power Tariffs.
The federal government is actively exploring strategic financial and policy interventions to tackle power tariff challenges and delayed payments that are threatening the operational sustainability of major NNPC-led gas-fired thermal power plants.
This development emerged during a high-level meeting at NNPC Towers in Abuja between Minister of State for Petroleum Resources (Gas), Rt. Hon. Ekperikpe Ekpo; Minister of Finance and Coordinating Minister of the Economy, Wale Edun; and NNPC Ltd leadership led by Dr. Salihu Jamari, representing the EVP Gas, Power and New Energy.
The meeting focused on urgent financial and policy interventions to resolve tariff-related issues impacting the Maiduguri Emergency Power Plant, Okpai Independent Power Plant (IPP) Phase 2, and Kano IPP Phase 1…….
NNPCL Opens More CNG Stations In Abuja, Ibadan, Abeokuta.
The state national oil company, the Nigerian National Petroleum Company Limited (NNPCL), said it is expanding clean energy access nationwide with additional Compressed Natural Gas (CNG) stations in Abuja, Ibadan, and Abeokuta.
“We are expanding clean energy access, one city at a time. We are now live in Abeokuta, Abuja, and Ibadan. With every new site, we bring Nigerians closer to cleaner, more affordable energy for everyday mobility,” the firm said in an alert post shared on its X platform.
NNPCL is actively expanding its CNG fueling station network in Nigeria, with a focus on both Lagos and Abuja.
The stations are part of a broader initiative to promote the adoption of CNG as a cleaner and more affordable alternative to traditional fuels like petrol. NNPC had established CNG stations in locations such as ………
June 16th-20th
NNPC Ltd. Partners Baker Hughes to Drive Growth in Nigeria’s Oil and Gas Sector.
The Nigerian National Petroleum Company Ltd (NNPC Ltd.) is exploring a strategic partnership with Baker Hughes to enhance crude oil and gas production within Nigeria’s energy sector. Mr. Bayo Ojulari, Group Chief Executive Officer of NNPC Ltd., announced this initiative on Tuesday during a meeting with a Baker Hughes delegation at the NNPC Towers in Abuja.
The delegation was led by Mr. Tayo Akinokun, Senior Vice President, Global Geozones, Oilfield Services & Equipment at Baker Hughes. The meeting focused on exploring strategic alliances to boost technical capabilities, fast-track oil and gas production, and strengthen existing partnerships on critical assets that align with NNPC Ltd.’s growth objectives.
As a renowned energy technology company, Baker Hughes has a longstanding relationship with NNPC Ltd., having jointly worked on numerous upstream and midstream initiatives across the Nigerian oil and gas landscape.
Navy intercept six crude-laden boats, arrest 3 suspected pipeline vandals in Delta.
Personnel of the Forward Operating Base (FOB) Escravos Anti-Crude Oil Theft Team under the Nigerian Navy Ship (NNS) Delta, have intercepted six crude-laden boats and arrested three suspected pipeline vandals in the Chevron Nigeria Ltd., Malu Jacket 19 Offshore, Escravos, in Delta State. The three suspects were arrested at the crime scene just as six others escaped in speedboats, each powered by 200HP engines and carrying nine drums of crude oil, DAILY POST can report.
The arrest of the three suspects was made possible following credible intelligence. The Commander, Nigerian Navy Ship,NNS-Delta, Commodore Abdulazeez Zubairu, while parading the three arrested suspects and two out of the six recovered boats on Wednesday in Warri, noted that” ……
CNG-fueled tankers to reduce operational costs by 40% – says MEMAN.
The adoption of Compressed Natural Gas (CNG) as a fuel alternative for petroleum tanker trucks could reduce operational costs by as much as 40 percent, according to the Major Energies Marketers Association of Nigeria (MEMAN). The statement was made during MEMAN’s second quarter 2025 Quarterly Press Webinar and Engagement, where stakeholders from across the energy value chain gathered to discuss the future of fair and healthy competition in Nigeria’s downstream petroleum market.
Speaking at the event, Clement Isong, CEO of MEMAN, emphasised the financial and environmental benefits of switching from diesel to CNG-powered vehicles in the fuel logistics sector. “CNG will reduce operational costs by 40 percent. That’s huge, and that’s brilliant,” Isong said, highlighting how cost savings……..
June 9th -13th
Nigeria Seeks $25bn Investment For Undersea Gas Pipeline To Europe.
This was disclosed during a meeting between Vice President Kashim Shettima and Vitol Group at the Presidential Villa, Abuja on Monday.
The project which is the Nigeria-Morocco Gas Pipeline aims to transport Nigerian gas to Morocco and onward to Europe through the West African coastline.
Vice President Shettima said President Bola Tinubu’s economic reforms have positioned Nigeria as a prime investment destination, especially in the energy sector.
“In the past 25 years, we have not had a leader who has the courage to take far-reaching decisions as he has taken—the removal of fuel subsidy, the unification of the multiple exchange rates, and the tax reforms,” he said.
The Vice President made a direct appeal to global investors to key into Nigeria’s energy drive, stating that the President is putting Nigeria on a new trajectory……..
Nigeria’s Oil, Gas Revenue Rises By 70% Year-On-Year.
According to the Central Bank of Nigeria (CBN) latest Economic Report for February 2025, the sector raked in 70.49 per cent higher in February than the ₦477 billion recorded same period last year.
In its analysis of oil sector activities in the month under review, the CBN disclosed that domestic crude oil production declined by 4.55 per cent to 1.47 million barrels per day, reflecting disruptions in maintenance operations on the Trans-Niger Pipeline and lower output from key terminals.
It added that global crude oil prices fell in February 2025, largely due to the possibility of a peace deal between Ukraine and Russia and increased global refinery turnarounds.
FG Flags Off First LCNG Plant in North-East.
The minister said the development is a testament to the potential of public-private collaboration in advancing the federal government’s ‘Decade of Gas’ agenda.
The minister mentioned that the country was setting a new benchmark for energy accessibility and sustainability through the project by Greenville LNG.
“The strategic location of this facility in the North-East also carries deep significance. For far too long, this region has faced infrastructural challenges that have limited its full economic potential.
“This facility in Yola marks a significant turning point. It is a beacon of hope and opportunity, not only for Adamawa State but for the entire region. It demonstrates that the benefits of Nigeria’s vast natural gas resources can and must reach every corner of our country,” he added in a statement made available to newsmen on Tuesday.
2nd – 6th June
Troops Smash Oil Cartel: 43 Arrested, 27 Illegal Refineries Busted Across Niger Delta.
In a sweeping crackdown on oil theft and illegal bunkering in the Niger Delta Region (NDR), troops of the 6 Division, Nigerian Army, operating in synergy with other security agencies, have arrested 43 suspected oil thieves and uncovered 27 illicit refining sites.
In a sweeping crackdown on oil theft and illegal bunkering in the Niger Delta Region (NDR), troops of the 6 Division, Nigerian Army, operating in synergy with other security agencies, have arrested 43 suspected oil thieves and uncovered 27 illicit refining sites. The operations, carried out between 26 May and 8 June 2025, also led to the recovery of over 161,000 litres of stolen petroleum products.
In Bayelsa State, troops uncovered a major illegal refining operation along Zarama-Joinkrama 4, where they found a concealed connection point at Wellhead 10…….
Crude price slump, low production threaten Saudi oil firm’s $5bn loan to Nigeria.
A record $5 billion loan from Aramco, the Saudi Arabian state-owned oil company, to Nigeria has been threatened by a drop in crude oil prices and declining production, a report has revealed.
Reuters, in a report on Tuesday, said the recent drop in crude prices has raised concerns among banks expected to support the deal, while a reduction is now being mutedly considered.
According to the report, slow progress in talks highlights the impact of the recent drop in oil prices, driven largely by the Organisation of Petroleum Exporting Countries and allies (OPEC+) policy shift aimed at regaining market share instead of limiting supply, which will now require more barrels to back the loan. “Brent has fallen about 20% to around $65 per barrel from above $82 in January,” the report stated……….
Nigeria produces 97% of OPEC quota.
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) said the country produced 97% of the 1.5million barrels of oil per day (mbopd) quota the Organisation of Petroleum Exporting Countries (OPEC) allocated to it in May 2025.
It was a 2% decline from the 99% output recorded in April. According to its “Crude Oil and Condensate Production May 2025,” in the period under review, Nigeria’s crude oil and condensate outputs were 1.45mbopd and 204,493bopd respectively. “The daily average production in May was 1.65mbopd, comprising both crude oil (1.45mbopd and Condensate 204,493bopd). “The average crude oil production was 97% of OPEC quota of (1.5mbopd).” The document showed a decline from the 1.48mbopd and 141,546 bopd respectively produced in the preceding month (April).
In April, the total crude oil and condensate output was 1.68 production, representing 99% of the OPEC quota………..
26th - 30th May
FG rolls out CNG buses in 20 federal varsities.
The Federal Government on Thursday flagged off the deployment of Compressed Natural Gas-powered buses to Nigerian universities.
The government began with the University of Abuja as part of efforts to cushion high transportation costs and promote cleaner energy use on campuses.
The project, tagged ‘CNG-Sprout’, is the first phase of the ‘Project CNG Special Palliative Relief for Universities Transportation’ and is expected to be replicated across 20 federal universities nationwide.
Commissioning the buses on Thursday, the Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, described the initiative as a timely response to Nigeria’s energy transition ………..
FG urges firms to boost gas production, end flaring.
The Minister of State Petroleum Resources (Gas), Ekperikpe Ekpo has charged major gas-producing companies operating in Nigeria to take concrete steps to increase daily gas production by one billion standard cubic feet per annum between 2025 and 2030 to meet the National gas production aspirations as well as bring an end to routine gas flaring.
Speaking at an engagement with upstream gas industry stakeholders held at the NNPC Towers Abuja on Monday, Ekpo stressed the need for accelerated growth in the sector to meet the Federal Government’s target of 12 billion SCF of gas per day by 2030 from the current 7.3billion SCF production capacity.
“We need to grow natural gas production by at least 1 BCF annually till 2030,” Ekpo said. “Nigeria must emerge among the top 10 natural gas-consuming nations by 2030………
OPEC+ Meets as Market Fears Output Hike.
Prices have dropped, also over worries that the US President Donald Trump’s tariff onslaught will cause an economic slump and weigh on demand.
The oil cuts production to prop up prices began in 2022, however, Saudi Arabia, Russia and six other members surprised markets recently by raising output for May and June.
Analysts say the hikes could be a punishment on OPEC members that have failed to meet their quotas. Oil prices have hovered around a relatively low $60-$65 per barrel. At a meeting in December, OPEC+ decided to wait until late 2026 to reverse collective cuts of some two million barrels per day (bpd), as well as additional cuts by some member countries of 1.65 million bpd. However, they decided to reopen the valves this year, raising output by 411,000 bpd in May……..
19th- 23rd May
Why Oil Drilling Will Resume in the North.
The Group Chief Executive Officer (GCEO) of the Nigerian National Petroleum Company Limited, Bayo Ojulari, has disclosed that the state-owned energy firm would resume oil drilling in the northern part of the country.
Ojulari stated this in a recent interview with BBC News Hausa. This comes over two years after the past administration of former President Muhammadu Buhari launched the crude oil drilling project on the border of Bauchi and Gombe states. Ojulari said that the suspended project would be resumed under his leadership. Recall that northerners has expressed joy over the plan by President Buhari to turn the region into an oil-rich zone like the Niger Delta. But the project failed to continue for undisclosed reasons. But the new GCEO of the NNPC ……….
468 illegal refineries busted, 215 suspected oil thieves arrested: Nigerian Navy.
The Nigerian Navy says it apprehended no fewer than 215 suspected oil thieves and 26 vessels in 2024.
It also said 468 illegal refinery sites were deactivated within the period under the auspices of Operation Delta Sanity.The naval chief of policy and plans, Ibrahim Dewu, said this on Monday in Abuja during a news conference on the activities lined up to commemorate the 69th anniversary celebrations of the navy.
Mr Dewu said an estimated 6.5 million litres of stolen crude oil and seven million litres of illegally refined automated gas oil were seized and appropriately handled. He added that 361 wooden boats, 1,107 dugout pits and 279 storage tanks were also deactivated. He said more than 103 illegal refinery sites have been destroyed since January this year, and 34 suspects linked to crude oil theft have been arrested………
Nigeria Remains Africa’s Largest Crude Oil Producers-OPEC.
The Organization of the Petroleum Exporting Countries (OPEC) has said that Nigeria retained its position as Africa’s largest crude oil producer in April.
In its latest monthly report last Wednesday, the oil cartel said that Nigeria’s oil output increased to 1.48 million barrels per day (bpd) in April, from 1.4 million bpd in the previous month. According to the report, Nigeria’s oil output was the largest in Africa, leading Algeria and Congo. OPEC said that its data was based on direct communication.
Holding steady from march, the group said that Nigeria surpassed Algeria, which produced 912,000 bpd, and Congo, which recorded 270,000 bpd. However, according to data sourced from secondary sources, OPEC said that Nigeria produced 1.47 million bpd in April as against 1.49 million bpd in March……