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Oil and Gas
Nigerians To Buy Petrol At N190 Per Litre Soon
It has been revealed that Nigerians may be forced to pay as high as N190/per litre of petrol soon.
This is as a result of the non-implementation of the full deregulation of the downstream petroleum sector.
…
Court Jails Oil Dealer Two Years In Port Harcourt
Justice E. A Obile of the Federal High Court sitting in Port Harcourt, Rivers State has convicted and sentenced Sa’adu Isa to two years imprisonment for illegal dealing in petroleum products without a requisite license.
He was…
Delta Presents Position On PIB, Wants Role Of Host Communities Prioritised
The Delta State Government has presented its position on the Petroleum Industry Bill (PIB) before the National Assembly where it sorts for legislations that will give more participation to host communities in the nation’s oil and gas…
Ogun Bans Tankers From Plying Flyover Bridges
The Ogun State Governor Dapo Abiodun on Tuesday banned fuel tankers and other articulated vehicles from plying flyover bridges in the state.
Mr. Abiodun announced this decision during his assessment visit to the scene of the…
Fishermen Raise Alarm Over Fresh Oil Spill at Chevron’s Oilfield In Bayelsa
There are strong indications that crude oil spill has reportedly occurred at Funiwa oilfield operated by Chevron Nigeria Limited (CNL) in Koluama, Southern Ijaw Local Government Area of Bayelsa State.
Fishermen…
Iraq Oil Minister Expects Oil Prices To Reach $60 A Barrel In Second Quarter
Iraqi Oil Minister Ihsan Abdul Jabbar expects oil prices to reach around $60 in the second quarter of 2021, he said in an interview with Iraq’s Sharqiya TV.
The minister added that in past meetings he had asked OPEC members to…
AFTER MEETING WITH NNPC GMD: Rivers Reopens Shell’s Kidney Island Asset
THE Rivers state government has reopened Shell Petroleum Development Company (SPDC) operational base, Kidney Island, after it was taken over on December 23, 2020.
This was disclosed in a statement…
Shell Dismisses Claims By Rivers State Govt Over Possession Of OML 11, Insists Matter Still In Court
Shell Petroleum Development Company, (SPDC), has dismissed the claim by the Rivers state government that it has taken over the facility and interest of the oil giant in OML11, adding that the matter was still in court.
Recall…
BREAKING: Rivers Govt Takes Possession Of OML 11, Kidney Island
The Rivers State Government has secured the enforcement of her interest in the acquisition of 45 percent equity stake in Oil Mining Lease (OML) 11 and Kidney Island in Port Harcourt.
Accordingly, Kidney Island, which was once…
Crude Oil Price Crushes Amid 2nd Wave Of Coronavirus
Crude oil prices on Tuesday crushed , extending sharp losses overnight, as the rapid spread of a new strain of the novel coronavirus in the United Kingdom prompted several countries to close their borders to British travellers and freight.…