Oil & Energy
Troops Recover N637m Worth Stolen Crude, Arrest 36 Suspects

In its efforts to fight crude oil theft, the Nigerian troops say its operations in the South-South region have led to the recovery of N637 million worth of stolen crude oil and arrest of 36 suspect.
The Director, Defence Media Operations, Maj. Gen. Edward Buba, disclosed this in a statement, Weekend.
Buba noted that the Troops recovered 672,350 litres of stolen crude oil and 90,530 litres of illegally refined Automotive Gas Oil (AGO) otherwise known as Diesel in the Niger Delta region.
According to him, troops in the Niger Delta area discovered and destroyed 51 dugout pits, 24 boats, 21 storage tanks and four vehicles in its operations in the region in recent times.
He said “the SS, troops only denied the oil theft of the estimated sum of N637,710,310.00. Troops also arrested 36 perpetrators of oil theft.
“Troops in the Niger Delta area discovered and destroyed 51 dugout pits, 24 boats, 21 storage tanks and four vehicles. Other items recovered included 28 cooking ovens and 21 illegal refining sites.
“They also recovered 672,350 litres of stolen crude oil and 90,530 litres of illegally refined AGO”.
By: Lady Godknows Ogbulu
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Digital Technology Key To Nigeria’s Oil, Gas Future

Experts in the oil and gas industry have said that the adoption of digital technologies would tackle inefficiencies and drive sustainable growth in the energy sector.
With the theme of the symposium as ‘Transforming Energy: The Digital Evolution of Oil and Gas’, he gathering drew top industry players, media leaders, traditional rulers, students, and security officials for a wide-ranging dialogue on the future of Nigeria’s most vital industry.
Chairman of the Petroleum Technology Association of Nigeria (PETAN), Wole Ogunsanya, highlighted the role of digital solutions across exploration, drilling, production, and other oil services.
Represented by the Vice Chairman, Obi Uzu, Ogunsanya noted that Nigeria’s oil production had risen to about 1.7 million barrels per day and was expected to reach two million barrels soon.
Ogunsanya emphasised that increased production would strengthen the naira and fund key infrastructure projects, such as railway networks connecting Lagos to northern, eastern, and southern Nigeria, without excessive borrowing.
He stressed the importance of using oil revenue to sustain national development rather than relying heavily on loans, which undermine financial independence.
Comparing Nigeria to Norway, Ogunsanya explained how the Nordic country had prudently saved and invested oil earnings into education, infrastructure, and long-term development, in contrast to the nation’s monthly revenue distribution system.
Chief Executive Officer (CEO) and Executive Secretary of the Major Energies Marketers Association of Nigeria (MEMAN), Clement Using, represented by the Secretary of the Association, Ms Ogechi Nkwoji, highlighted the urgent need for stakeholders and regulators in the sector to embrace digital technologies.
According to him, digital evolution can boost operational efficiency, reduce costs, enhance safety, and align with sustainability goals.
Isong pointed out that the downstream energy sector forms the backbone of Nigeria’s economy saying “When the downstream system functions well, commerce thrives, hospitals operate, and markets stay open. When it fails, chaos and hardship follow immediately,” he said.
He identified challenges such as price volatility, equipment failures, fuel losses, fraud, and environmental risks, linking them to aging infrastructure, poor record-keeping, and skill gaps.
According to Isong, the solution lies in integrated digital tools such as sensors, automation, analytics, and secure transaction systems to monitor refining, storage, distribution, and retail activities.
He highlighted key technologies including IoT forecourt automation for real-time pump activity and sales tracking, remote pricing and reconciliation systems at retail fuel stations, AI-powered pipeline leak detection, terminal automation for depot operations, digital tank gauging, and predictive maintenance.
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