Daily Archives: August 1, 2018

Crude Oil Production May Rise By 180,000bpd Next Year

Nigeria’s crude oil production is expected to rise further if Royal Dutch Shell and its partners, next year, decide whether to go ahead with the development of the nation’s Bonga Southwest offshore oilfield, a senior company official said on Tuesday.   The project, one of the country’s largest with an expected production of 180,000 barrels […]

Nigeria Lost N3.8tn to Oil Theft in Two Years, Says NNRC Report

  The Nigeria Natural Resource Charter (NNRC) Tuesday disclosed that its latest report on crude oil theft in Nigeria showed the country lost about N3.8 trillion within the last two years – 2016 and 2017 to the menace.   The UK-funded non-governmental organisation (NGO) also added that the estimated financial value of what Nigeria lost […]