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Oil & Gas

EFCC Recovers N13bn Illegal Fuel Subsidy Payment

The Economic and Financial Crimes Commission (EFCC) says it recovered approximately N13bn as proceeds from illegal payments made under the subsidy regime between 2017 and 2021. This was made known in a document recently posted on the Nigeria Financial Intelligence…

We’ll End Oil-Theft, Boost National Revenue In No Time If Elected – SDP Presidential Candidate Adebayo

Prince Adewole Adebayo, the Social Democratic Party (SDP) Presidential candidate for the 2023 February polls has said that within a week, his administration will implement measures to reduce crude oil theft and boost national revenue if elected. When asked what…

South Africa: Fuel Tanker Explosion Kills At Least Nine Near Hospital

A truck carrying liquified petroleum gas exploded in the South African town of Boksburg, east of Johannesburg, on Saturday killing at least nine people and injuring 50 others, officials said. The top of the truck scraped a low-lying bridge, sparking…

NOGASA Blames Increasing Cost Of Diesel, Bad Roads for High Operational Costs for Oil and Gas Suppliers

… Confirms DSS Intervention Helped Ease Fuel Queues Mr. Bennett Korie, the national president of the Natural Oil and Gas Suppliers Association (NOGASA) has blamed the cost of diesel and the dilapidated nature of bad roads across the country for…

Okowa Advocates PIA Enforcement to Check Oil Theft

Vice-Presidential Candidate of Peoples Democratic Party (PDP) and Governor of Delta, Sen (Dr) Ifeanyi Okowa, has called for proper enforcement of the Petroleum Industry Act (PIA) to effectively check oil theft in the country. Okowa stated this on Sunday while…

Niger Delta: Ex-agitators Demand N5m Each To Commence Mechanized Cassava Farms After Training

In Niger Delta, ex-agitators and beneficiaries of the Presidential Amnesty Programme (PAP) who were trained at the Agro-Allied Farms Limited at Omoku in Rivers State have demanded a minimum of five million naira (N5 million) each from the PAP office…

Peter Obi Will Hasten Oil Exploration In Northern Nigeria, Ensure Region’s Uncommon Development — POSN

The Peter Obi Support Network (POSN) has disclosed that the Presidential candidate of Labour Party (LP), Mr. Peter Obi will accelerate oil exploration in the North if elected into office during the 2023 election. It also assured that Obi will…

Niger Group Reacts To Appointment of Acting NDDC MD, Makes Demands

A Nigeria’s South-southern group under the aegis of the Association for Non-Violence in the Niger Delta (ANND), has lauded the Minister of Niger Delta Affairs, Obong Umana Okon Umanah, over the appointment of Emmanuel Audu Ohwavborua, as the Acting Managing…

Smuggling: Again, NNPC Justifies Our Positions On Mele Kyari-led Management Team – CNPP, Civil Society Coalition Say

Conference of Nigeria Political Parties (CNPP) and allied civil society groups, under the aegis of Coalition of the National Civil Society Organisations (CNCSOs), have said that the Group Chief Executive Officer (GCEO) of the Nigerian National Petroleum Company Limited (NNPC…

My Life Under Threat, NNPC Not To Be Blamed for Smuggling of Petroleum Products — Mele Kyari, NNPC GCEO

The Group Chief Executive Officer (GCEO) of the Nigerian National Petroleum Company Limited (NNPC Limited), Mele Kyari, has said that the company cannot be blamed for smuggling of petroleum products across the Nigeria’s borders, disclosing that his life is already…

President Buhari Commissions Pinnacle’s Petroleum Offtake Facility, Says Energy Security Cardinal To His Administration

President Muhammadu Buhari on Saturday commissioned the Pinnacle Oil and Gas FZE Terminal in Lekki, Lagos, saying the operations of the facility have eased congestion in the Apapa area, reduced cost and delivery of petroleum product distribution to many parts…