Gombe State Governor, Inuwa Yahaya, on Tuesday, said Nigerians would soon enjoy the gains of fuel subsidy removal . Governor Yahaya stated this in Gombe while inaugurating the phase two of the state’s palliative distribution to residents of the state. He stated that President Bola Tinubu, in...
Crude oil
Some Oil and Gas Experts have said that the coming on stream of both Port Harcourt and Dangote refineries may lead to some marginal reduction in the cost of petroleum products and not a significant price crash. The experts made this known in an interview with the News...
By JOY ADARA, Abuja – Socio-Economic Rights and Accountability Project (SERAP) has urged Mr Mele Kolo Kyari, the Group Chief Executive Officer, Nigerian National Petroleum Company (NNPC) Limited to “promptly publish details of barrels of oil Nigeria produces and exports every day and the total amounts of...
By GABRIEL OMONHIMIN – The Chairman and Chief Executive Officer of Lee Engineering & Construction Limited, Dr. Leemon Ikpea, who has been a major player in the oil and gas sector of the Nigerian economy for 46 years, has commended the good nature and behavior of some traditional rulers...
Dangote Refinery hhas received its first one million barrels of Agbami crude grade from Shell International Trading and Shipping Company Limited (STASCO) in a major step towards increasing Nigeria’s local refining capacity. In a Friday statement, the Dangote Refinery explained that the cargo sailed to the facility’s...
TotalEnergies has confirmed that the oil leak at its Egina Floating Production Storage and Offloading (FPSO) vessel operated has been contained. The News Agency of Nigeria (NAN) learnt that the leak had occurred while crude was being loaded from the Egina FPSO to a vessel on Nov 15....
The Nigerian National Petroleum Company Limited (NNPC Ltd) has provided insight into how the lingering Russia – Ukraine war impacted Nigerian crude oil inflows in the international oil market. The NNPC Ltd said this led to a dip in demand from the once-dependable Asian market at the onset...
The president of the Senate, Dr Godswill Akpabio, says with careful planning and execution, Nigeria can meet the Organisation of Petroleum Exporting Countries (OPEC) quota of 1.8 million barrels per day. Akpabio spoke at the National Assembly Capacity Building Workshop organised by the Independent Petroleum Producers Group (IPPG)...
The rise in the cost of crude oil, coupled with the depreciation of the naira against the United States dollar, might lead to a hike in the pump price of Premium Motor Spirit, popularly called petrol, oil marketers stated on Sunday. It was also gathered that the sharp...
The Movement for the Survival of Izon Ethnic Nationality in the Niger Delta (MOSIEND) has advocated inclusion Chief Ateke Tom and Alhaji Asari Dokubo in next phase of pipeline surveillance contracts. The Niger Delta group noted that involving the two ex-militant leaders in protecting oil assets would...
By MBAFAN ADE, Abuja – The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says it has delivered 3,614,936 barrels of crude to three local refineries between September 2021 and May 2023. This is contrary to insinuations from some operators in the refinery business in Nigeria that...
The Federal Government on Wednesday inaugurated and handed over 500,000 cubic metre water scheme to Ogoni communities in Rivers. Residents of Ogoniland have been grappling with decades of crude oil spillages that polluted its ground and surface water to cancerous levels. Mr Ibrahim Yusufu, the Permanent Secretary, Federal Ministry...
TThe July 7, 2023, reported arrest of a vessel, MT Tura II (IMO number: 6620462), along Escravos River in Warri South West Local Government Area of Delta State. by Tompolos Tantita Security Services Nigeria Ltd, with about 150,000 metric tonnes of stolen crude oil valued at about $86.8million, has...
TANTITA Security Services Ltd. has intercepted MT TURA 11 vessel laden with 150, 000 litres of products suspected to be stolen crude oil with 12 crew on board. Capt. Warredi Enisuoh, Executive Director, Technical and Operations, disclosed this while addressing newsman on the arrest on Monday in Oporoza, Warri...
The Defence Headquarters says troops of Operation Delta Safe (OPDS) have destroyed 41 illegal refining sites and recovered more than 1.06 million litres of crude oil in the last two weeks. The Director, Defence Media Operation, Maj.-Gen. Musa Danmadami, said this on Thursday in Abuja at the bi-weekly news...
By JOY ADARA, Abuja – Socio-Economic Rights and Accountability Project (SERAP) has urged President Muhammadu Buhari to “set up a presidential panel of enquiry to promptly probe the grim allegations that over 149 million barrels of crude oil are missing, as documented in the 2019 audited reports by the...
Gov. Muhammad Badaru of Jigawa on Friday urged electorate to vote for All Progressives Congress (APC) during the 2023 general elections for the crude oil deposit in the state to be explored. Badaru, while addressing party supporters during the APC governorship rally in Malammadori Local Government Area (LGA), said...
As Nigeria Blue Economy Stakeholders step up engagements through the Niger Delta Blue Economy Investment Forum to change the dynamics of the crude oil dependent region to a new future that is green and sustainable with practical projects, the United Nations Global Compact has drawn an attention to some...
Despite President Muhammadu Buhari’s recent signing into law, of the Petroleum Industry Act (PIA) on Monday August 16, 2021, after years of back and forth movement,- an Act which provides legal, governance, regulatory and fiscal framework for the Nigerian Petroleum Industry and development of host communities, my recent ‘sojourn’...
The Nigerian Export Promotion Council (NEPC) says the nation’s economy can thrive better without oil if the non-oil sector is prioritised. NEPC North Central Zonal Coordinator, Mr Samson Idowu stated this on Sunday in Jos in an interview with the News Agency of Nigeria (NAN). Idowu said that Nigeria...