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Shadow
  • Biafra: Address IPOB’s agitation – Olisa Metuh begs Igbo leaders 1
    Biafra / Uncategorized

    Biafra: Address IPOB’s agitation – Olisa Metuh begs Igbo leaders

    March 7, 2021 by Daniels Madoh
  • Court fixes March 11 to hear suit against Gov Akeredolu, others 2
    Government/Politics / Uncategorized

    Court fixes March 11 to hear suit against Gov Akeredolu, others

    March 6, 2021March 6, 2021 by Peasy
  • Court fines Daddy Freeze N5m for sleeping with another man’s wife 3
    Uncategorized

    Court fines Daddy Freeze N5m for sleeping with another man’s wife

    March 6, 2021 by Daniels Madoh
  • Insecurity: Some governors want anarchy – ACF backs Buhari 4
    Uncategorized

    Insecurity: Some governors want anarchy – ACF backs Buhari

    March 5, 2021 by Daniels Madoh
  • PFN honours Osinbajo, Ugwuanyi with ‘Defender of the Faith’ awards 5
    Uncategorized

    PFN honours Osinbajo, Ugwuanyi with ‘Defender of the Faith’ awards

    March 4, 2021 by Daniels Madoh
  • Nigeria At 60: Buhari's Independence Day Broadcast in Details
    Uncategorized

    Buhari orders security agents to shoot anyone carrying AK-47

    March 3, 2021March 3, 2021 by Daniels Madoh
  • Delta govt building classrooms rather than prisons – Gov Diri lauds Okowa 6
    Government/Politics / Uncategorized

    Delta govt building classrooms rather than prisons – Gov Diri lauds Okowa

    March 2, 2021 by Daniels Madoh
  • Uriel tackles Nigerians calling Chioma ‘baby mama’ as Davido steps out with Mya Yafai
    Entertainment / Uncategorized

    Uriel tackles Nigerians calling Chioma ‘baby mama’ as Davido steps out with Mya Yafai [VIDEO]

    March 1, 2021 by Peasy
  • Osun Assembly moves to pass local government amendment bill 7
    Government/Politics / Uncategorized

    Osun Assembly moves to pass local government amendment bill

    March 1, 2021 by Daniels Madoh
  • Ten policemen injured in Bauchi Gov’s convoy accident 8
    Street / Uncategorized

    Ten policemen injured in Bauchi Gov’s convoy accident

    March 1, 2021 by Daniels Madoh

Category: Oil & Gas

All Oil and Gas stories here.

Akwa Ibom govt, host communities, others raise concerns over PIB, seek amendment
Oil & Gas 

Akwa Ibom govt, host communities, others raise concerns over PIB, seek amendment

March 4, 2021 by Daniels Madoh

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…

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Ikpeazu: Despite Peaceful Environment, Abia Yet To Benefit From Oil Companies
Oil & Gas 

Ikpeazu: Despite Peaceful Environment, Abia Yet To Benefit From Oil Companies

March 3, 2021 by Daniels Madoh

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…

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Reps to investigate NNPC’s missing 5.2 million barrels of crude oil under DSDP policy
Oil & Gas 

Reps to investigate NNPC’s missing 5.2 million barrels of crude oil under DSDP policy

March 3, 2021 by Daniels Madoh

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…

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Nigeria Loses ₦151.78 Billion In Crude Oil Monthly – NNPC 
Oil & Gas 

Nigeria Loses ₦151.78 Billion In Crude Oil Monthly – NNPC 

by Daniels Madoh

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…

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IPMAN blames increase in petrol price in S’East on shortage of supply
Oil & Gas 

IPMAN blames increase in petrol price in S’East on shortage of supply

February 19, 2021 by Peasy

  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…

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Fuel hike: Allow investors to run Nigerian refineries – Marketers tell FG
Oil & Gas 

Fuel hike: Allow investors to run Nigerian refineries – Marketers tell FG

February 11, 2021 by Peasy

  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….

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Outcry as FG plots to increase fuel price
Oil & Gas 

Outcry as FG plots to increase fuel price

February 11, 2021 by Peasy

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…

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Major marketers increase pump price to 170 per litre
Oil & Gas 

Major marketers increase pump price to 170 per litre

February 11, 2021 by Peasy

  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…

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Petrol Price May Hit ₦190 As Oil Nears $60
Oil & Gas 

Petrol Price May Hit ₦190 As Oil Nears $60

by Peasy

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…

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Stakeholders react as Chevron, Conoil deny oil spill in Bayelsa communities
Oil & Gas 

Stakeholders react as Chevron, Conoil deny oil spill in Bayelsa communities

January 24, 2021 by Peasy

  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…

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PIB: Osinbajo tasks stakeholders to produce enough oil at cheaper costs
Oil & Gas 

PIB: Osinbajo tasks stakeholders to produce enough oil at cheaper costs

January 14, 2021 by Peasy

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…

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Oil Nears $56, FG May Reintroduce Fuel Subsidy
Oil & Gas 

Oil Nears $56, FG May Reintroduce Fuel Subsidy

January 11, 2021 by Peasy

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…

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FG May Exceed ₦7.89 Trillion 2021 Revenue Target As Oil Prices Soars
Oil & Gas 

FG May Exceed ₦7.89 Trillion 2021 Revenue Target As Oil Prices Soars

by Peasy

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…

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Pres. Buhari Commissions Nigeria’s Largest Onshore LPG Plant In Edo State (Pics)
Government/Politics Oil & Gas 

Pres. Buhari Commissions Nigeria’s Largest Onshore LPG Plant In Edo State (Pics)

December 22, 2020 by Peasy

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…

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Exxon Mobil Staff dies in gas flaring accident in Akwa Ibom
Oil & Gas 

Exxon Mobil Staff dies in gas flaring accident in Akwa Ibom

December 16, 2020 by Peasy

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…

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IPMAN directs members to sell petrol at N162 per litre
Oil & Gas 

IPMAN directs members to sell petrol at N162 per litre

December 15, 2020 by Peasy

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…

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Exxon Mobil contract staff protest over unpaid entitlements in Akwa Ibom
Oil & Gas Street 

Exxon Mobil contract staff protest over unpaid entitlements in Akwa Ibom

December 9, 2020December 9, 2020 by Peasy

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…

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FG reduces pump price of petrol
Government/Politics Oil & Gas 

FG reduces pump price of petrol

December 8, 2020 by Peasy

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…

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NNPC must explain $367m spent running dead refineries – HURIWA
Government/Politics Oil & Gas 

NNPC must explain $367m spent running dead refineries – HURIWA

December 2, 2020 by Peasy

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…

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 Why we deliberately shut down Nigeria’s refineries — NNPC
Oil & Gas 

 Why we deliberately shut down Nigeria’s refineries — NNPC

November 27, 2020 by Peasy

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…

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 Buhari inaugurates Nigeria’s largest modular refinery
Oil & Gas 

 Buhari inaugurates Nigeria’s largest modular refinery

November 24, 2020 by Peasy

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….

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 Nigerians should be proud we are importing petrol from Niger Republic – Minister Sylva
Government/Politics Oil & Gas 

 Nigerians should be proud we are importing petrol from Niger Republic – Minister Sylva

November 24, 2020 by Peasy

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…

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Gas explosion kills three teenagers in Bayelsa State
Accident Oil & Gas Street 

Gas explosion kills three teenagers in Bayelsa State

November 20, 2020 by Peasy

  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…

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 Timipre Sylva explains fuel price hike after briefing Buhari
Oil & Gas 

 Timipre Sylva explains fuel price hike after briefing Buhari

November 17, 2020 by Peasy

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…

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 ‘There’s enough fuel on ground’ – IPMAN assures Nigerians
Oil & Gas 

 ‘There’s enough fuel on ground’ – IPMAN assures Nigerians

November 17, 2020 by Peasy

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…

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Bayelsa community serves Aiteo quit notice, indicts ex-minsiter
Oil & Gas Street 

Bayelsa community serves Aiteo quit notice, indicts ex-minsiter

November 15, 2020 by Peasy

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…

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 NNPC confirms ‘slight increase’ in fuel pump price
Oil & Gas 

 NNPC confirms ‘slight increase’ in fuel pump price

November 13, 2020 by Peasy

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…

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PDP reacts to N170 new petrol pump price
Oil & Gas 

PDP reacts to N170 new petrol pump price

November 13, 2020 by Peasy

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…

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 IPMAN directs members to sell petrol at N170 per liter
Oil & Gas 

 IPMAN directs members to sell petrol at N170 per liter

November 13, 2020 by Peasy

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…

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Oil workers declare meeting with FG inconclusive, continue strike
Oil & Gas 

Oil workers declare meeting with FG inconclusive, continue strike

November 11, 2020 by Peasy

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…

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NNPC reacts to fuel scarcity fears as Nigerians panic-buy
Oil & Gas Street 

NNPC reacts to fuel scarcity fears as Nigerians panic-buy

November 10, 2020 by Peasy

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…

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 BREAKING: Petrol scarcity looms as oil workers begin strike
Oil & Gas 

 BREAKING: Petrol scarcity looms as oil workers begin strike

November 9, 2020 by Peasy

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…

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There’s peace in Northeast, NNPC will resume oil search in Lake Chad – FG
Government/Politics Oil & Gas 

There’s peace in Northeast, NNPC will resume oil search in Lake Chad – FG

November 5, 2020 by Peasy

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…

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End SARS: NUPENG clears air on alleged shut down of fuel stations, oil installations 
Oil & Gas 

End SARS: NUPENG clears air on alleged shut down of fuel stations, oil installations 

October 17, 2020 by Peasy

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….

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NNPC releases 2019 audited financial statement 
Oil & Gas 

NNPC releases 2019 audited financial statement 

October 15, 2020October 15, 2020 by Peasy

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…

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Oro nation drags Akwa Ibom govt to court, demands N4trn compensation 
Government/Politics Oil & Gas 

Oro nation drags Akwa Ibom govt to court, demands N4trn compensation 

October 15, 2020 by Peasy

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…

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IPPIS: PENGASSAN begins 3-day strike
Oil & Gas 

IPPIS: PENGASSAN begins 3-day strike

October 7, 2020 by Peasy

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…

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SAN reacts as court rules Exxon Mobil can be sued in Nigeria 
Oil & Gas Opinion 

SAN reacts as court rules Exxon Mobil can be sued in Nigeria 

October 5, 2020 by Peasy

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…

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Why fuel pump price cannot be reduced again – Petroleum marketer
Oil & Gas 

Why fuel pump price cannot be reduced again – Petroleum marketer

September 28, 2020 by Peasy

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…

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Why petroleum marketers will not join planned strike – IPMAN
Oil & Gas 

Why petroleum marketers will not join planned strike – IPMAN

September 26, 2020 by Peasy

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…

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Investors losing confidence in Nigeria’s oil, gas industry – NNPC
Government/Politics Oil & Gas 

Investors losing confidence in Nigeria’s oil, gas industry – NNPC

September 22, 2020 by Peasy

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…

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FG spent N8.9trillion on subsidy – PPPRA
Oil & Gas 

FG spent N8.9trillion on subsidy – PPPRA

September 21, 2020 by Peasy

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…

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Fuel price hike: CNPP, TUC, NLC set to shut down Nigeria
Business Government/Politics Oil & Gas 

Fuel price hike: CNPP, TUC, NLC set to shut down Nigeria

September 14, 2020 by Peasy

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…

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IPMAN orders members to sell petrol at N162 per litre
Oil & Gas 

IPMAN orders members to sell petrol at N162 per litre

September 3, 2020 by Peasy

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,…

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DPR warns against use of mobile phones in petrol stations
Oil & Gas 

DPR warns against use of mobile phones in petrol stations

August 24, 2020 by Peasy

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,…

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Chevron: NUPENG threatens nationwide strike over workers’ sack
Oil & Gas 

Chevron: NUPENG threatens nationwide strike over workers’ sack

August 21, 2020 by Peasy

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…

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IPMAN orders sale of petrol at N150 per litre
Oil & Gas 

IPMAN orders sale of petrol at N150 per litre

August 5, 2020 by Peasy

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…

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PPMC fixes ex-depot price of petrol, diesel, kerosene
Oil & Gas 

PPMC fixes ex-depot price of petrol, diesel, kerosene

August 5, 2020 by Peasy

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…

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Anambra: Petroleum marketers threaten strike over multiple taxation
Oil & Gas 

Anambra: Petroleum marketers threaten strike over multiple taxation

August 5, 2020 by Peasy

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,…

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OML 42: Contractors shutdown Odidi flow station over unpaid salaries in Delta
Oil & Gas 

OML 42: Contractors shutdown Odidi flow station over unpaid salaries in Delta

July 25, 2020 by Peasy

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…

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President Buhari approves new boards for NLNG, BGT
Government/Politics Oil & Gas 

President Buhari approves new boards for NLNG, BGT

July 15, 2020 by Peasy

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…

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