Browsing Category
Oil and Gas
N1.4bn Oil Subsidy Fraud: Court To Rule On Admissibility Of Evidence Against Nadabo Energy Feb 23
Justice C.A. Balogun of a Lagos State High Court sitting in Ikeja, has adjourned till February 23, 2021 to rule on the admissibility or otherwise of a set of two documents, which the Economic and Financial Crimes Commission, EFCC seeks to…
DPR Threatens To Penalize Depot Owners Over Hoarding Of Petroleum Products
The Department of Petroleum Resources (DPR), has issued a warning to depot owners against hoarding of petroleum products in their facilities.
Mr Sarki Auwalu, Director, DPR issued the warning in a statement on Wednesday in…
LASG Tasks Tank Farm Operators To Respect Ultimatum, Confiscates 5 Off Dock Terminals
The Lagos State Government ,has called on tank farm operators to comply with the ultimatum issued by the government on legalising their operations before it lapses at the end of February 2021.
The state government advised the…
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…