Author: Daniel Terungwa

Army Discovers Nine Reservoirs Holding Five Million Liters of Illegal Oil in Rivers State On Wednesday, the Nigerian Army’s 6 Division in Port Harcourt made another significant discovery, uncovering nine reservoirs containing over five million liters of stolen crude oil in Rivers State. These reservoirs were found in a dense forest at Obaoma and Uzuoma…

NSCDC Apprehends Six Suspected Illegal Petroleum Products Dealers The Nigeria Security and Civil Defence Corps (NSCDC), Akwa Ibom Command, has apprehended six individuals suspected of engaging in illegal dealings in petroleum products and impersonation. Mr. Eluyemi Eluwade, the commandant of the NSCDC, Akwa Ibom Command, announced the arrests during a news conference held in Uyo…

Tinubu Directs AGF, EFCC, and Others to Resolve $1.3 Billion Malabu Oil Deal Saga President Bola Tinubu has instructed the Attorney-General of the Federation, Lateef Fagbemi, to expedite the resolution of court cases related to the $1.3 billion deepwater OML 245 oil block in the Niger Delta region. Other key figures tasked with carrying out…

Gas Shortage Raises Concerns Over Viability of $25 Billion Nigeria-Morocco Pipeline The federal government’s efforts to provide continuous gas supply for the Nigeria-Morocco gas pipeline, a $25 billion project designed to transport Nigerian gas to Europe through Morocco, are reportedly facing challenges due to ongoing issues with gas supply in the country. The proposed pipeline,…

Oil Major Exodus Poses Threat to Nigeria’s Oil Industry Expansion Big Oil’s Exodus from Nigeria’s Onshore: Local Firms Step In for Onshore Resurgence Nigeria faces a significant shift in its oil and gas landscape as international oil companies continue to divest from the onshore Niger Delta due to security concerns and illegal activities. The exit…

Report Alleges Deliberate Move by NNPC to Transfer Revenue Accounts to CBN, Cites Reasons Following reports that the federal government directed the Nigerian National Petroleum Company Limited (NNPCL) to move its accounts to the Central Bank of Nigeria (CBN), new information suggests a different perspective to the story. Initially reported that the NNPCL would no…

Bauchi State Honored with Award of Excellence as Best Emerging Player in the Oil and Gas Sector In collaboration with the Federal Ministry of Petroleum Resources, Rana Continental Synergy Limited has bestowed the “2024 Best Emerging State in the Oil and Gas Sector” award upon Bauchi State. Governor Senator Bala Mohammed Abdulkadir received the recognition…

Minister Commends Nigerian Firm for Constructing Ultramodern LPG Carrier, Advocates for Local Content Law Nigerian firm Temile Development Company has successfully constructed an impressive Liquefied Petroleum Gas (LPG) carrier, the Alfred Temile 10, with a capacity of 23,000 cubic meters. The vessel was commissioned at a South Korean shipyard, showcasing the nation’s capabilities in the…