The Nigeria Police Force raises intelligence alert over plots by subversive elements to attack and destroy oil facilities THE Nigeria Police Force has uncovered specific plots by some subversive elements masquerading as climate and environmental activists to commence massive and coordinated attacks on oil installations across the country especially in the Niger-Delta region and adjoining States. These plots,…
The Group Managing Director, Nigerian National Petroleum Corporation (NNPC), Dr Maikanti Baru, on Tuesday said the Corporation had recovered 1.6 billion dollars from some companies fleecing one of its subsidiaries. Baru disclosed this in Abuja while fielding questions from newsmen after a visit by officials of the Chartered Institute of Forensic and Investigative Professionals of…
Nigerian Afro Hip hop star, Olamide Adedeji a.k.a. Olamide, has released a new single, Oil and Gas, from the anticipated album, `Oil & Gas’ The 30-year-old Bariga, Lagos-born rapper took to his Instagram handle @baddoneh to announce the release of the song. He added a sign of fuel pump facility at an oil station. In the…
The PETAN Awards is an initiative by Nigeria’s foremost industry advocacy group, Petroleum Technology Association of Nigeria (PETAN); and it is intended to promote and heighten awareness of organizations and individuals that are catalyzing development in the country’s oil and gas industry. The nation’s future is bright when we have leaders and organizations committed to changing…
DATA made available by the Nigeria Extractives Industries Transparency Initiative (NEITI) has shown that 28 states would be unable to fund their 2019 budgets from revenue realised in 2018 and 2017. The data was made available in the NEITI Quarterly Review, signed by its spokesman, Dr. Orji Ogbonnaya Orji. The eight states that would be able…
Shell Nigeria targets the equivalent of 2,400 megawatts of electricity from new gas supply project THE ongoing Assa North/Ohaji South gas development project in Imo State, southeast Nigeria will produce 600 million standard cubic feet of gas per day. This energy is equivalent of about 2400 megawatts which is enough to provide uninterrupted electricity to about…
The United States Mission in Nigeria has indefinitely suspended the “Dropbox” process of securing visa EFFECTIVE at the close of business today, Tuesday, May 14, the United States Mission to Nigeria is indefinitely suspending interview waivers for renewals, otherwise known as the “Dropbox” process. Visa applications will no longer be accepted by DHL…
Oslo — Production at Norway’s Oseberg oil and gas field, whose crude is a part of global oil benchmark Brent, is expected to remain shut for eight days, longer than previously anticipated, the company said on Friday. Production at the field was shut on Wednesday as a precautionary measure due to problems with fire water pumps…
. London — Liquefied natural gas (LNG) prices in Asia held largely steady this week, taking a breather after recovering from a significant dip in March.LNG for delivery in northeast Asia in June is estimated at $5.60 per million British thermal units (mmBtu), the same level as last week. The July price is seen at a…
Port Harcourt — Rivers State Governor, Nyesom Ezenwo Wike has blamed multinational oil companies operating in the state for encouraging insecurity by patronizing cultists for surveillance jobs. The governor particularly blamed the Shell Petroleum Development Company of Nigeria, SPDC of diving communities and refusing to implement the memorandum of understanding signed with host communities. Governor Wike…