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The Akwa Ibom State Government, oil communities in the State as well as a Civil Society Organisation – Policy Alert, has pointed out some anomalies that marred the petroleum Industry Bill and called for an amendment before it’s passed into law by…
Abia state governor, Dr. Okezie Ikpeazu has expressed regret that despite peaceful atmosphere the state as one of the oil-producing states has offered oil companies, it has not benefitted meaningfully. According to the Governor, Abia has the record of being the most…
The House of Representatives has resolved to investigate the alleged missing 5.2 million barrels of crude oil. The alleged missing oil is under the Direct Sales Direct Purchase (DSDP) policy of the Nigerian National Petroleum Corporation, (NNPC). The DSDP is a policy…
Nigeria is currently losing an average of 200,000 barrels of crude oil daily, the Nigerian National Petroleum Corporation stated on Wednesday. Brent, the oil against which Nigeria’s crude is priced, was $66.75 per barrel on Wednesday, while the official exchange rate of…
The Independent Petroleum Marketers Association of Nigeria (IPMAN) says the current increase in the pump price of petrol in the Southeastern part of Nigeria is because of a shortage in the supply of the product. Chairman of IPMAN, Enugu Depot in…
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has urged the Nigerian Government to allow investors to run the three refineries. National Secretary of the association, Alhaji Danladi Pasali stated this in an interview with the NAN in Abuja on Wednesday….
The usual outcry by Nigerians on fuel hike, resurfaced on Tuesday when the Minister of State for Petroleum Resources, Chief Timipre Sylva alerted the public to get ready for another increment. Sylva, who spoke at the launch of the Nigerian Upstream Cost…
Major petroleum marketers in Calabar, Cross River State capital have increased the pump prices of petrol and kerosene in the state. ND REPORTERS, who monitored the development on Wednesday, observed that the pump price of petrol was adjusted from N162-N163 to…
Marketers have said with the current realities in the global crude oil markets, the price of Premium Motor Spirit (petrol) in Nigeria should be between N185 and N200 per litre, unless the government wants to subsidise the product, ’FEMI ASU reports The…
Environmentalists, paramount ruler, chiefs, youth leader and women of Koluama 1&2 communities in Southern Ijaw Local Government Area of Bayelsa state, have faulted claims by Chevron and Conoil that the January 16 oil spill near Funima field offshore was not from…
Vice President, Yemi Osinbajo, SAN, has urged stakeholders in the oil industry to find and agree on cheaper means of producing oil in the country. Osinbajo also said that there is need for stakeholders in the sector to agree on how to…
The sustained increase in global crude oil prices has pushed up the landing cost of imported petrol closer to the current pump prices of the product in Nigeria, and appears to have triggered a return to petrol subsidy era, ’ FEMI ASU…
There are indications that the Federal Government may be on course to meet and perhaps, surpass the projected oil revenue target in the 2021 budget if the recent rise in the prices of crude oil is sustained into the new year. Investment…
President Muhammadu Buhari commissioned the largest Onshore LPG plant in Nigeria today. The plant which is situated in Oredo, Edo State has the capacity of supplying about 20% of Nigeria’s LPG demand. The president tweeted this earlier today and we quote; “Today…
A supervisor in ExxonMobil Producing Nigeria, operator of the Nigerian National Petroleum Corporation NNPC/MPN Joint Venture, has died in a gas flaring accident which occurred on Tuesday at the processing unit of the Qua Iboe Terminal In Ibeno local government area of…
The Independent Petroleum Marketers Association of Nigeria (IPMAN), Kano State branch, on Monday, instructed its members to sell petrol at N162.44 per litre as directed by the Federal government. The IPMAN Chairman in Kano, Alhaji Bashir Dan-Malam gave the directive during a…
Over 1,650 ExxonMobil contract staff on Wednesday staged a protest, barricading the company’s housing estate in Eket Local Government Area, Akwa Ibom State demanding their unpaid entitlements. The spokesperson of the group, Mr. Christian Assam, told our correspondent that ExxonMobil through National…
The Nigerian government has ordered the reduction of pump price of petrol from N168 per litre to N162.44 per litre. Minister of Labour and Employment, Chris Ngige said the reduction would take effect from December 14, 2020. Ngige disclosed this while speaking…
The Human Rights Writers Association of Nigeria, HURIWA, has called on the management of the Nigerian National Petroleum Corporation, NNPC to demonstrate more openness, accountability and probity in the administration of the petroleum sub-sector of Nigeria’s economy. HURIWA, an advocacy group, made…
The Group Managing Director of Nigerian National Petroleum Corporation (NNPC), Mr Mele Kyari, on Thursday, said the corporation deliberately shut down the nation’s refineries because they no longer make sense to be operated. The GMD disclosed this when he appeared before the…
President Muhammadu Buhari on Tuesday expressed confidence that the establishment of modular refineries in Nigeria will make petroleum products available and eliminate importation. He spoke at the virtual inauguration of the 5,000 barrels per day Waltersmith modular refinery in Ibigwe, Imo State….
The Minister of State for Petroleum Resources, Timipre Sylva, has said that Nigerians should be proud of the decision by the Federal government to import refined petrol from Niger Republic. The Federal government through the Ministry of Petroleum Resources signed a memorandum…
A ghastly fire outbreak in an illegal crude oil refining camp popularly known as Kpo-fire in Bayelsa State has claimed the lives of three teenagers, leaving one severely injured. The incident occurred between Ibelebiri and Otuegue 2 communities in Ogbia Local…
Timipre Sylva, the Minister of State for Petroleum Resources, on Monday, explained the recent increment in the pump price of petrol from between N158 and N162 per litre to N168 and N170. Sylva also said that kerosene and diesel were even more…
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has warned motorists against panic buying, assuring that there is enough fuel on ground. NAN reports that IPMAN National Public Relations Officer, Alhaji Suleiman Yakubu, who made this known to newsmen on Monday in…
Opu-Nembe community in Nembe-Bassambiri, Nembe Local Government Area of Bayelsa and host to Aiteo Eastern Exploration and Production Limited have issued a quit notice to the company. They made the call at a press conference on Saturday after a protest march. Traditional…
The Nigerian National Petroleum Corporation, NNPC, has reacted to the increment in the pump price of petrol. NNPC said the “slight increase” was due to prevailing market forces of demand and supply. Recall that the Petroleum Products Marketing Company (PPMC) had increased…
The Peoples Democratic Party, PDP, has condemned the increment in the pump price of petrol. PDP’s National Publicity Secretary, Kola Ologbondiyan described the reported increment as wicked and unbearable. Ologbondiyan said the President Muhammadu Buhari-led administration should stop such inhuman act against…
The Independent Petroleum Marketers Association of Nigeria, Kano branch has directed its members across the state to sell Premium Motor Spirit (petrol) from N168 to N170 per litre. The Pipeline and Product Marketing Company (PPMC) had on Thursday, November 12, 2020 released…
The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) on Wednesday said a meeting it held with the Federal Government was inconclusive. The President, Felix Osifo, gave the update in a statement. He said the government was yet to address…
The Nigerian National Petroleum Corporation (NNPC) on Tuesday allayed fears of petrol scarcity. Nigerians are stocking up amid the nationwide strike by the Petroleum and Natural Gas Senior Staff Association (PENGASSAN). The oil workers and the federal government are at loggerheads over…
Scarcity of Premium Motor Spirit (PMS), aka petrol may hit Nigeria soon. On Monday, oil workers commenced a nationwide strike. The order was given by the Petroleum and Natural Gas Senior Staff Association of Nigeria, PENGASSAN. The letter to the effect dated…
Minister of State for Petroleum Resources, Timipre Sylva, says the Nigerian National Petroleum Corporation (NNPC) is set to resume oil exploration in the Lake Chad Basin. He spoke to newsmen after a meeting on Chad Basin with the Chief of Army Staff…
The Nigerian Union of Petroleum and Natural Gas Workers, NUPENG, has declared its support for Nigerian youths in the ongoing nationwide protests. NUPENG said none of its organs ordered the shutting down of fuel stations or oil installations due to the protests….
The Nigerian National Petroleum Corporation (NNPC) has released its 2019 Audited Financial Statement (AFS). It shows 99.7 percent reduction in its loss profile from ₦803bn in 2018 to ₦1.7bn in 2019. The publication comes five months after NNPC made its 2018 AFS…
The five Oro nations, comprising Oron, Mbo, Udong Uko, Urue Offong Oruko and Okobo Local Government Areas of Akwa Ibom State have instituted a case before the Federal High Court sitting in Uyo challenging the Akwa Ibom State government’s inability to gazette…
Some branches of the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), on Wednesday, commenced a three-day warning strike to protest the “shoddy” manner their members were included in the Integrated Payroll and Personnel Management System (IPPIS). The staff members…
A Senior Advocate of Nigeria (SAN), Emeka Ozoani, has lauded a court ruling which upheld the joining of Exxon Mobil Corporation in a suit challenging alleged unlawful retirement of Paul Arinze, an executive of Mobil Producing Nigeria. Ozoani, Arinze’s counsel, told the…
A major petroleum marketer in Calabar, Cross River State capital, Joseph Okon Edem has said that the increase in petroleum product (fuel) cannot come down again, rather, it will go up to N200 per litre before December. Speaking with ND REPORTERS on…
The National Executive Council of the Independent Petroleum Marketers Association of Nigeria (IPMAN), on Saturday, said its members would not partake in the proposed strike by the Nigeria Labour Congress (NLC). The National Public Relations Officer of IPMAN, Alhaji Yakubu Suleiman, made…
Group Managing Director of the Nigerian National Petroleum Corporation (NNPC) Mele Kyari, says the absence of a stable fiscal environment is inhibiting the growth of the Nigerian petroleum industry. He stated that the worst hit is the upstream sector. Kyari spoke when…
The Petroleum Products Pricing Regulatory Agency (PPPRA) has said that the Federal Government has spent a total of N8.94 trillion on oil subsidy between 2006 and 2015. PPPRA stated this in a document on subsidy payment released in Abuja on Monday, NAN…
Conference of Nigeria Political Parties (CNPP) has said that all is ready for a mass action against the President Muhammadu Buhari government. The CNPP said it has mobilised a coalition of civil society groups to join labour movements such as the Trade…
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has directed its members in the South-West States to sell Premium Motor Spirit (PMS) aka Petrol at N162 per litre. The Zonal Chairman of IPMAN, ‘Dele Tajudeen, made the announcement to journalists in Abeokuta,…
The Department of Petroleum Resources, DPR, on Monday warned motorists against using mobile phones in petrol stations. DPR warned that the usage of mobile phones while refuelling at filling stations could spark off a fire outbreak. The Osun State’s DPR Operation Manager,…
Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) has condemned “the recurring anti-labour posture” of Chevron Nigeria Limited and its service contractors. The body accused Chevron of sacking 175 contract workers in YKISH lntegrated Services, Delog Nigeria Ltd, EUROFLOW Services, and…
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has directed its members to sell the Premium Moto Spirit, PMS, also known as petrol for N150 per litre in Kano State. The Chairman of Kano State chapter of IPMAN, Bashir Danmallam, conveyed the…
Petroleum Products Marketing Company (PPMC) has fixed the ex-depot price of premium motor spirit (PMS) aka petrol at N138.62 per litre. A memo on Tuesday by the Manager, Sales, Mohammed Bello, made the announcement. The ex-depot price is the rate at which…
Petroleum products marketers in Anambra State have threatened to shut down operations in the state within 21 days if government fails to address their complaints on multiple levies and indebtedness to their members. The operators, under the aegis NNPC Enugu Depot Community,…
OML 42: Contractors shutdown Odidi flow station over unpaid salaries in Delta Kantu/Odidi Core Indigenous Contractors Forum in Delta State have shut down the Odidi flow station(OML42) operated by Neconde Energy Company Limited. The heavy downpour could not stop the contractors who…
President Buhari approves new boards for NLNG, BGT President Muhammadu Buhari has approved the newly reconstituted board of Nigeria Liquified Natural Gas(NLNG) and Bonny Gas Transport Limited ( BGT). The Minister of State for Petroleum Resources, Chief Timipre Sylva, made the disclosure…