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21st Apr 2021 @ 06:05

Oil and Gas

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Using $1.5b to renovate dead Port Harcourt refinery is corruption –...

Pastor Reno Omokri
The Number one bestselling author and former aide to ex-president Goodluck Jonathan, Pastor Reno Omokri, has lampooned the president Muhammadu Buhari-led government of Nigeria for proposing to use what he described as a whopping sum of $1.5b to renovate "a loss-making Port Harcourt refinery," when Oil giant, Shell Plc sold her 175,000bpd "profit-making refinery for just $1.2b."

Oil workers suspend strike as FG agrees to resume salaries payment

Oil workers in agencies under the Ministry of Petroleum Resources, have suspended their strike after meeting with the Accountant General of the Federation.

Diri urges oil firms to locate headquarters in Bayelsa

Bayelsa State Governor, Senator Douye Diri,
Bayelsa State Governor, Senator Douye Diri, has called on oil companies benefiting from its resources to relocate their headquarters to the state.

Edo students in France endorse Obaseki, see economic boom with 6000bpd...

Students of Edo State extraction in France have endorsed candidate of the Peoples Democratic Party (PDP) and Governor of Edo State, Mr. Godwin Obaseki, for re-election ahead of the September 19 governorship election.

NDDC scam: HOSCON urges Buhari to return commission to presidency

OIL and Gas producing communities, have pleaded with President Muhammadu Buhari to save the Niger Delta Development Commission, NDDC and the dream to develop the Niger Delta region by giving life to the resolutions of the Senate, especially as they concern the return of the supervisory authority to the Presidency.

OPEC+ recorded 107% conformity to output cut in June

Organisation of the Petroleum Exporting Countries, Opec,
The Joint Ministerial Monitoring Committee (JMMC) of the Organisation of Petroleum Exporting Countries (OPEC) and its non-OPEC allies, jointly called OPEC+, yesterday, disclosed that conformity to the production cut deal by participating countries stood at 107 per cent in the month of June 2020.

Breaking: NNPC discovers crude oil, gas in Northern Nigeria

NNPC refineries
The Nigerian National Petroleum Corporation, NNPC, has, Friday, announced that it has discovered crude oil and gas in the northern part of Nigeria. This automatically make the northern part of the country to joined the league of oil-producing regions.  NNPC said it discovered crude oil, gas and condensates in the Kolmani River region at the border community between Bauchi and Gombe states.

PIGB: FG won’t sack PPPRA, DPR workers —Kachikwu

ABUJA— The Federal Government, yesterday, allayed fears over sack of workers of Department of Petroleum Resources, DPR, and  Petroleum Products Pricing Regulatory, PPPRA, stating that workers of both agencies will be assimilated into the new petroleum industry regulator to be set up by Petroleum Industry Governance Bill, PIGB.

N650bn Debt: DAPPMA calls up 14-day ultimatum

The Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN) has called off its 14-day ultimatum earlier given to the Federal Government over N650 billion debt owed its members.

NNPC’s N774m fuel subsidy to drop

THE N744 million under recovery or fuel subsidy currently incurred by Nigerian National Petroleum Corporation, NNPC, is set to drop as the landing cost has already fallen from N171 per litre to N166 per litre.