Oil & Gas

By Doris Esa Abuja, April 16, 2019 (NAN) The Nigerian Navy (NN) has declared four persons wanted for alleged complicity in theft of petroleum products in Nigeria’s maritime environment.

The Nembe communities on Sunday said that the host communities to the OML 29 oilfields in Bayelsa have commenced discussions to resolve the conflict with Aiteo, the new operator.

From Mike Tayese, Yenagoa Niger Delta Youth Coalition for Peace and Progress (NDYCPP) on Sunday applauded Minister of State for Petroleum Resources, Dr. Ibe Kachukwu for transforming the Nigerian oil sector.

The Independent Petroleum Marketers Association of Nigeria (IPMAN), and National Union of Petroleum and Natural Gas Workers (NUPENG), have urged Nigerians to stop panicking over fuel scarcity as there is sufficient product.

By John Onah, Abuja The Nigerian Labour Congress (NLC) has cautioned the Federal Government against implementing the recommendation of the International Monetary Fund (IMF) on the removal of subsidy on petroleum products in the country.

No fewer than 800 companies have bidded for management of 176 gas flare sites in the country, the Minister of State for Petroleum Resources, Dr Ibe Kachikwu, has said.

Nigerian National Petroleum Corporation (NNPC) has assured the public of adequate supply of petroleum products during the Easter celebration. The Group Managing Director of the corporation, Mr Maikanti Baru gave the assurance on Thursday in Enugu at the ongoing 30th Enugu International Trade Fair. Baru said that the NNPC would …

A Lagos-based engineer, Mr Abiodun Awe, has called for robust competition in the nation’s power distribution network to ensure adequate electricity supply in the country.

By Martin Paul, Abuja A senior Nigerian lawyer, Femi Falana, has threatened to go to court if the Muhammadu Buhari administration goes ahead to allocate oil blocks to private individuals and corporate bodies.

The Nigerian National Petroleum Corporation, NNPC, remitted $1.413 billion, an equivalent of N432.378 billion, to the Federation Account in 2018, an improvement by 50 per cent when compared to $942.244 million, an equivalent of N288.327 billion, remitted in 2017.<