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Oil and Gas
OIL DERIVATION: Nine Oil Producing States Receive N625.43bn In Two Years, N1.1trn Still Outstanding – Presidency
Nine oil-producing states received a total of N625.43 billion 13 percent oil derivation, subsidy and SURE-P refunds from the Federation Account in the last two years, 2021-2022, the presidency has disclosed.
According to Garba Shehu,…
KOLMANI PROJECT : My Administration Attracted $3bn Investment In Fossil Energy -President Buhari
President Muhammadu Buhari has declared that his administration attracted over $3bn investment in the Oil and Gas Sector at a time of near-zero appetite for investment in fossil energy.
Speaking Tuesday in Bauchi at the Flag-off Ceremony…
Ogun Set To Host $3b Refinery In Tongeji Island
The Governor Dapo Abiodun-led administration in Ogun State on Wednesday took a major step in making the state an oil producing one as a firm, Gasoline Integrated International, expressed its readiness to build a $3b refinery in Tongeji…
OIL THEFT: NLNG Confirms Improvement In Crude Transportation
The effort of the Nigerian National Petroleum Company to combat crude oil theft is yielding results as the Nigeria Liquefied Natural Gas (NLNG) Limited has confirmed improvement in key crude oil transportation.
The NLNG spokesperson,…
IPMAN blames private depots over hike in fuel price
By Ijezie Victor
The Independent Petroleum Marketers Association of Nigeria, IPMAN, Western Zone, has attributed the increase in the pump price of Premium Motor Spirit to the hike in private depot prices.
The Chairman, IPMAN…
Police Confirms Seizure Of 123 Oil Tankers, Briefs Senate Committee On Anti Oil Theft Drives
The Inspector-General of Police, IGP Usman Alkali Baba, has reiterated that his administration is committed to continuously developing improved capacity of its officers through practical training, and acquiring top-notch investigative and…
FG Deploys Technology To End Crude Oil Theft
The Minister of Information and Culture, Alhaji Lai Mohammed, has said the Federal Government is determined to end crude oil theft through the deployment of technology and additional security measures.
The Minister, who made the remarks…
ECONOMIC SABOTAGE: Police Bust Illegal Petroleum Refining Site, Nabs 2 Suspects
Police operatives attached to the IGP Special Task Force on Petroleum and Illegal Bunkering (IGP-STFPIB) in the late hours of September 7, 2022, successfully busted an illegal petroleum refining operation in Edo State.
This follows the…
PENGASSAN Says Oil , Gas Companies Cannot Pay Workers Salaries Over Oil Theft
The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), has lamented that International Oil Companies can no longer meet up the salary obligations of their staff due to the impact of oil theft.
President of…
Akwa Ibom Decries Federal Government’s Neglect Of Oil,Gas Sector Investments
Akwa Ibom State Governor, Mr. Udom Emmanuel has called for concerted efforts by the federal government towards adequately harnessing the nation's oil and gas endowments, while reaffirming the readiness of his government to collaborate with…