Thursday 14th December 2017,
Hope for Nigeria

Browsing the "Oil & Gas" Category

Fuel scarcity: NNPC threatens to shut stations hoarding fuel

Fuel scarcity: The Group Managing Director (GMD), Nigeria National Petroleum Corporation (NNPC), Dr. Maikanti Baru, Tuesday said the Federal Government would adopt what he termed “aggressive measure” to tackle the ongoing artificial scarcity of petroleum products across the country. According [...]

December 13, 2017 Oil & Gas

Fuel consumers flay NNPC as queues persist in Abuja

While fuel scarcity seems to have eased in some cities across the country, fuel consumers in Abuja have decried the persistent long queues in the Federal Capital Territory, accusing the Nigerian National Petroleum Corporation (NNPC) of irrational distribution of products. [...]

December 13, 2017 Oil & Gas

Oil prices jump above $65

Brent crude oil prices jumped above $65 per barrel after the shutdown of the Forties North Sea pipeline knocked out significant supplies from a market that was already tightening due to OPEC-led production cuts. Brent crude futures on Tuesday, the [...]

December 12, 2017 Oil & Gas

Black marketers make fortunes in Cross River as fuel sells between N250, N300 per litre

Black marketers make fortunes in Cross River : Scarcity of petroleum product has taken a more dangerous dimension in Cross River State. Many filling stations on Sunday, showed that there was no fuel in the State.   However, one filling [...]

December 10, 2017 Oil & Gas

NUPENG reveals those behind fuel scarcity

The Nigeria Union of Petroleum and Natural Gas Workers (NUPENG), has attributed the ongoing scarcity of fuel across the country on a cabal in the downstream sector. The group said that tanker drivers were not on strike. NUPENG, in a [...]

December 7, 2017 Oil & Gas

Stop panic buying, NNPC tells Nigerians as queues persist

The Nigerian National Petroleum Corporation (NNPC) has urged fuel consumers across the country to desist from panic buying, assuring that it has enough stock to meet the needs of consumers. Group General Manager, Group Public Affairs Division, NNPC, Ndu Ughamadu, [...]

December 6, 2017 Oil & Gas

We will not increase petrol price this December – NNPC

The Nigerian National Petroleum Corporation (NNPC) Monday said that it has no plan to increase the prices of petroleum products both at the ex-depot level and pump price ahead of the forthcoming yuletide. The NNPC in a press release by [...]

December 5, 2017 Oil & Gas

Fuel scarcity throws Nigerians into panic

Fuel scarcity: Nigerians have been thrown into panic following the re-emergence of long queues at fuel stations in parts of the country. The situation, amid rumour of hike in pump price of petrol, sparked fear that the festive season could [...]

December 5, 2017 Oil & Gas

Extension of oil production cuts threatens Nigeria’s budget

Global oil production analysts expect a strong United States output in early 2018 and this triggered more concessions by the Organisation of Petroleum Exporting Countries (OPEC) to protect oil markets from a new dip. The world’s biggest oil producers yesterday [...]

December 1, 2017 Oil & Gas
Fuel scarcity looms in Lagos as oil marketers threaten shutdown

Fuel scarcity looms in Lagos as oil marketers threaten shutdown

Independent petroleum marketers in Lagos have threatened to withdraw their services from December 11, over the alleged breach of agreement by the Nigerian National Petroleum Corporation (NNPC). The marketers in the state, claim the NNPC has defaulted in a bulk [...]

November 30, 2017 Oil & Gas
NNPC to select core investor for Benue bio-fuel project — Baru

NNPC to select core investor for Benue bio-fuel project — Baru

The Nigerian National Petroleum Corporation (NNPC) says it has almost concluded discussion on the choice of a core investor for the proposed bio-fuel plant in Benue. The Group Managing Director of the corporation, Dr Maikanti Baru, said this in a [...]

November 27, 2017 Oil & Gas
Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN)

PENGASSAN warns FG against selling oil and gas assets to fund 2018 budget

Oil workers, under the aegis of Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), have warned the Federal Government against selling profitable oil and gas assets as scrap to fund the 2018 budget. The trade union expressed its [...]

November 9, 2017 Oil & Gas
Muhammadu Buhari

Another $4.2 Billion missing in NNPC under Buhari. US Governance Institute Report.

A new report on Thursday said despite President Muhammadu Buhari’s attempt at ensuring transparency in the oil sector, the Nigerian National Petroleum Corporation, NNPC, still withholds billions in oil revenues from the government account. The report by the Natural Resource [...]

October 12, 2017 Oil & Gas
Femi Fani Kayode

$26 Billion Contract: Funds for Buhari 2019 campaign – Femi Fani-Kayode

ABUJA-Former Minister of Aviation and a chieftain of the Peoples Democratic Party (PDP), Chief Femi Fani-Kayode has stated that the $26 billion contract allegedly awarded by Dr. Maikanti Baru, Group Managing Director of the Nigerian National Petroleum Corporation (NNPC) is [...]

October 5, 2017 Oil & Gas
Ohanaeze faults Buhari on NNPC appointment

Ohanaeze faults Buhari on NNPC appointment

THE apex socio political Organization of Ndigbo, the Ohanaeze has taken a swipe at President Muhammadu Buhari following the announcement last week by the Nigerian National Petroleum Corporation, NNPC of major restructuring in its operations with the appointment and redeployment [...]

September 4, 2017 Oil & Gas
Dr. Ibe Kachikwu

Nigeria to sell crude oil to African market, says Kachikwu

The Minister of State for Petroleum, Dr. Ibe Kachikwu has announced that Nigeria would explore the possibility of selling crude oil to African markets. He spoke in Abuja yesterday at the 2017 edition of the Sustainability in the Extractive Industries [...]

July 20, 2017 Oil & Gas
Petrol Cars Will Vanish In 8 Years

Petrol Cars Will Vanish In 8 Years, Nigeria In More Trouble

No more petrol or diesel cars, buses, or trucks will be sold anywhere in the world within eight years. The entire market for land transport will switch to electrification, leading to a collapse of oil prices and the demise of [...]

July 4, 2017 Oil & Gas

BREAKING: DSS Releases Ifeanyi Ubah Unconditionally.

The illegally detained chief executive of Capital Oil and Gas Limited, Dr Ifeanyi Ubah was unconditionally released by the Directorate of Security Service (DSS), as prosecution collapses. After weeks of investigation by the Nigerian Secret Police, they concluded that there [...]

June 20, 2017 Featured Post, General, Government and politics, Oil & Gas
NEITI: Crude Oil Worth $15.9bn Lost in Four Years

NEITI: Crude Oil Worth $15.9bn Lost in Four Years

The Executive Secretary, Nigerian Extractive Industry Transparency Initiative (NEITI), Mr. Waziri Adio, wednesday disclosed that a whopping $15.9 billion in crude oil was either lost or not accounted for between 2011 and 2014. According to him, the sum of $4.3 [...]

June 8, 2017 Oil & Gas
Governor Ayodele Fayose

Fayose Buys Fuel From Black Market Sellers Because Of Ekiti Fuel Scarcity

While the strike embarked on by petrol marketers in Ekiti State was going on, Governor Ayodele Fayose also patronized Okada riders who took to hawking of petrol on the streets of Ado Ekiti to alleviate the sufferings of the people.This [...]

June 5, 2017 Oil & Gas
Motorists, Commuters Kick As Senate Proposes N5 Petrol Charge

Motorists, Commuters Kick As Senate Proposes N5 Petrol Charge

N5 Petrol Charge – Motorists and commuters yesterday kicked against the proposal by the Senate to effect a N5 levy, chargeable per litre, on every petrol and diesel products imported into the country and on other non-locally refined petroleum products. [...]

June 2, 2017 Oil & Gas

Witness: Madueke Used 3 Companies, 2 Persons To Launder $115million

An Operative of the Economic and Financial Crimes Commission (EFCC), Usman Zakari, on Thursday gave graphic details of how the former Petroleum Minister, Mrs Diezani Madueke, laundered $115 million USD, through three oil companies and two individuals. Zakari, the EFCC [...]

June 1, 2017 Oil & Gas

DSS Continued Incarceration Of Ifeanyi Ubah, The Man That Rescued Nigeria Against Oil Marketers Deifies Common Sense.

#FreeIfeanyiUbah!!! Today is 27 days that Ifeanyi Ubah has been in DSS detention without trial except the media war and lies orchestrated by this government agency against him. This is 168 Hours, a Federal High Court in Lagos granted Ubah unconditional [...]

June 1, 2017 General, Government and politics, Oil & Gas
withdrawal of oil prospecting licences

FG Revokes N44.6 Billion Oil Block Licences From Niger Deltans, Retains Licenses Northerner Cabals

N44.6 Billion Oil Block Licences From Niger Deltans: The final withdrawal of oil prospecting licences issued in 2001, 2002, and 2003, for the Utapate Field, 01, 03 and 05, in Delta State, believed to have been won by some indigenous [...]

May 31, 2017 Oil & Gas
Oil Prices Flip Flop After Trump Attack

Oil Prices Flip Flop After Trump Attack

Oil prices surged more than 2 percent to a one-month high on Friday after the United States launched dozens of cruise missiles at an airbase in Syria. But prices later dropped back as there seemed no immediate threat to supplies. U.S [...]

April 7, 2017 Oil & Gas

BREAKING: We Did Not Arrest Or Detain Ifeanyi Ubah – DSS.

The report that operatives of the Department of State Services (DSS) arrested and detained a Nigerian self made Billionaire and the owner of Capital Oil, Mr Ifenayi Ubah has been described by the DSS as false and an irresponsible reporting by [...]

March 30, 2017 Economy, General, Oil & Gas
Dr Budweiser: Why You Should Swallow Raw Garlic

77 Foreign Vessels Lift Nigerian Oil Without Tax Monthly – Ship Owners

The president, Nigeria Shipowners Association of Nigeria (NISA), Aminu Umar has said that Nigeria was losing a huge amount of money due to the fact that the foreign ship owners dominate the transportation of the country’s crude oil. According to [...]

March 25, 2017 Oil & Gas
Crude oil deposits have been found in Bida

Crude Oil Deposits Found In Bida

Crude oil deposits have been found in Bida basin in Niger State. Professor Nuhu Obaje, the director of the Ibrahim Badamasi Babaginda University Research Centre, Lapai, made this known  on Thursday in Lagos. He said  his centre has informed the [...]

March 17, 2017 Oil & Gas
Niger Delta

FG To Work With Illegal Oil Refiners Rather Than Destroying – Osinbajo

The much sought peace in the Niger Delta may not be far from realisation, as the Federal Government has made a u-turn by deciding to work with illegal oil refiners, instead of destroying their refineries. Speaking, Tuesday, during a visit [...]

February 15, 2017 Oil & Gas
Nigerian Liquefied Natural Gas (NLNG)

Cooking Gas Price Set To Crash As NLNG Discharges 13,000 Tonnes Of LPG

The skyrocketing price of cooking gas, which hit an all time high of N5,000 from N3,200 is to crash with the delivery of 13,000 tonnes of LPG by the Nigerian Liquefied Natural Gas (NLNG) Limited, in Lagos jetty at the [...]

January 17, 2017 Oil & Gas
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