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Oil and Gas
OML 11 : Group Vows To Resist FG Negotiations With Sahara Group
By Roland Ekama, Lagos
A Non Governmental Organization under the auspices of the Ogoni Liberation Initiative has vowed to resist any form of agreement between the government and Sahara Energy, saying that people of Ogoni land cannot be…
Dangote Refinery To Encourage Investors Participation In Nigeria Economy– FG
Minister of Finance, Budget & National Planning, Zainab Ahmed said Dangote Petroleum Refinery will encourage other businessmen to appreciate investment in the nation's economy.
The Minister who spoke on Sunday in Lagos during a…
Reps Directs NNPC,WRPC To Maintain Status Quo Over Staff Conversion
By Mattex Omonext, Delta
The Federal House of Representatives Committee on Public Petitions has directed the managements of the Nigerian National Petroleum corporation (NNPC) and Warri Refining and Petrochemical Company (WRPC) Limited…
NUPENG To Spend N5.5bn On New Secretariat
The Nigeria Union of Petroleum and Natural Gas Workers has unveiled plans to build a new secretariat.
The new secretariat to be named NUPENG Tower will be built at the cost of N5.5bn, according to the union.
At the ground laying…
OIL THEFT: IGP Taskforce Nabs Two With 30,000 Litres Of Diesel In Delta Community
By Mattex Omonext , Delta
The Inspector-General of Police,IGP Special Task Force on Pipeline Vandalization have two suspected illegal refinery dealers with thirty thousand litres of refined diesel in Unenurhie Community in…
FG Laments Rising Cost Of Crude Production
The federal government on Tuesday, argued that high cost of crude production had eroded net revenue from crude sales and depleted resources earmarked for development.
Speaking during the 9th Annual Practical Nigerian Content Forum (PNCF)…
LONDON TRIP: Buhari Signs Deep Offshore Bill Into Law
President Muhammadu Buhari on Monday in London, assented to the bill amending the Deep Offshore and Inland Basin Production Sharing Contract .
This was announced through his official Twitter handle saying “This afternoon I assented to the…
SPDC Invests N1.2b On 84 Projects In Bayelsa Communities
The Shell Petroleum Development Company of Nigeria (SPDC) said it spent over N1.2bn on 84 projects at its clusters in Tarakiri and Oporoma in Sagbama and Southern Ijaw local government areas of Bayelsa State.
The General…
Lull In Petroleum Demand Affects Revenue Base Of Nigeria…..Sylva
The Minister of States (Petroleum Resources) Chief Timipre Sylva on Monday said as oil is depleting, the demand for it has experienced massive drop.
Sylva, said "As oil is depleting oil, the demand is also depleting. America no…
FAAC: 2009 Excess Crude Account Was $20billion Now Only $323.7m Left
The Federation Account Allocation Committee (FAAC) has disclosed that the current balance in Nigeria’s Excess Crude Account (ECA) stands at $323.692 million as of Thursday, October 17, 2019.
The ECA, which was created by former President…