By ARMSTRONG ALLAHMAGANI, Bauchi – The Minister of State for Petroleum Resources (Oil), Sen. Heineken Lokpobiri, has disclosed that the Federal Government has renewed the licence for the crude oil exploration in the Kolmani area of Bauchi and Gombe States. He made the disclosure at the official groundbreaking ceremony...
Crude oil
Oando Plc, the indigenous firm that acquired Nigeria Agip Oil Company, says it has recorded four operational oil spills from October 2024 to date. The oil firm disclosed this in a statement made available to the News Agency of Nigeria (NAN) by Oando’s Spokesperson Mrs Alero Balogun, General Manager,...
By EZEKIEL OBI, Abuja- The Coalition of Civil Society Organisations in Nigeria (COCSON) and the Bloggers and Vloggers, Content Creators Association (BAVCCA) have jointly condemned what they describe as a “targeted and malicious” media campaign aimed at tarnishing the reputation of Malam Mele Kyari, the former Group Chief Executive...
The Tinubu Media Support Group (TMSG) says the federal government’s decision to make the naira-for-crude policy permanent is a sustainable solution to the cost of living crisis in the country. Chairman of the advocacy group, Mr Emeka Nwankpa, said this in a statement on Tuesday in Abuja. Nwankpa said...
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) on Friday said that the nation’s crude oil reserves stood at 37.28 billion barrels (bb) as at Jan. 1, 2025. The commission also said that Nigeria’s gas reserves hit 210.54 trillion Cubic Feet (tcf). Mr Gbenga Komolafe, Commission Chief Executive, NUPRC, who...
The Tantita Security Services Nigeria Limited (TSSNL) has expressed its commitment to the realisation of the 2.06 million barrels per day (bpd) vision of President Bola Tinubu in 2025. The Managing Director of TSSNL, Chief Kestin Pondi disclosed this on Friday at the inauguration of the newly built Ugborikoko...
The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has said the recent drop in global crude oil prices has sparked hopes of a corresponding reduction in petrol prices in Nigeria National President, PETROAN, Dr Billy Gillis-Harry, while reacting to recent development in the oil and gas sector...
The Federal Government has said its naira-for-crude initiative with local refineries is not a temporary measure but a “key policy directive designed to support sustainable local refining”. The government also said the initiative is still in effect and will continue immediately, overruling the decision of the NNPCL under its...
The Nigerian Navy has apprehended some vessels carrying illicit arms and stolen crude oil and destroyed several illegal refining sites through its Operation Delta Sanity II in the month of March. The Director of Naval Information, Commodore Aiwuyor Adams-Aliu, made this known in a statement on Saturday in Abuja....
The Nigeria Economic Summit Group (NESG) has advised the Federal Government to sustain the crude oil production level of 2.2 million barrels per day (bpd) to ensure the feasibility of the 2025 budget. The Chief Executive Officer of NESG, Dr Tayo Aduloju, gave the advice at the group’s media...
ActionAid has raised concerns over the ongoing crisis in the petroleum sector, sparked by Dangote Petroleum Refinery’s suspension of petroleum product sales in naira. Country Director of ActionAid Nigeria (AAN), Mr Andrew Mamedu, expresssd this concern in a statement on Tuesday in Abuja. Mamedu criticised the suspension, stating that...
The Federal High Court (FHC) in Abuja on Tuesday, dismissed the Nigeria National Petroleum Company Limited (NNPCL)’s objection against a suit filed by the Dangote Petroleum Refinery and Petrochemicals FZE over oil import licence dispute. Justice Inyang Ekwo in a ruling, dismissed the objection on the grounds that the...
By BARBARA KALU, Port-Harcourt– A mysterious explosion rocked Bodo Community in Gokana Local Government Area of Rivers State on Tuesday, sparking concerns of sabotage. The blast occurred near the starting point of the Bodo-Bonny road, targeting an onshore pipeline, according to eyewitnesses. A local resident, who witnessed the incident,...
By BARBARA KALU, Port-Harcourt – Rivers State Police Command has launched investigation on the explosion that occurred at the Trans-Niger Pipeline in Bodo, Gokana Local Government Area of the state. The Police Public Relations Officer in the state, SP Grace Iringe-Koko, said in a statement on Tuesday in Port-Harcourt,...
The Ogoni Dialogue Committee on the Resumption of Oil Extraction in Ogoniland has concluded its consultations and will soon submit its findings to the Federal Government. The committee’s Chairman, Prof. Don Baridam, disclosed this on Sunday during a final town hall meeting with stakeholders in Bori, Khana Local Government...
By JOY ADARA, Abuja- The Nigerian National Petroleum Company Limited (NNPC Limited) has issued a statement to clarify recent reports regarding the alleged termination of its crude oil sales agreement with Dangote Refinery. Chief Corporate Communications Officer, NNPC Ltd., Olufemi Soneye, said in a statement on Monday that the...
The Rivers Restoration Movement (RRM) has demanded the arrest of prominent Ijaw leaders over alleged threats to disrupt oil production if the State Governor, Siminalayi Fubara, is impeached. RRM, an interest group based in Port Harcourt, accused former militant leader, Alhaji Asari Dokubo, and the President of the Ijaw...
The Obololi community in Southern Ijaw Local Government Area of Bayelsa has reported that no relief has reached them following the Feb. 16 oil leak, which discharged crude and polluted the River Nun. The National Oil Spills Detection and Response Agency (NOSDRA) traced the spill to a 16-inch Nun...
A coalition of 17 Ogoni women groups in Rivers has strongly opposed the Federal Government’s proposed resumption of crude oil extraction in Ogoniland. The coalition, which made its opposition known in a news conference in Port Harcourt on Wednesday, comprised of thousands of Ogoni women. It insisted that the...