Wednesday 18th October 2017,
Hope for Nigeria

Browsing the "Oil & Gas" Category

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
Diezani Alison-Madueke

Diezani, Former Petroleum Minister Forfeits $153.3 Million To Nigeria

Former Nigerian oil minister, Diezani Alison-Madueke, temporarily forfeited $153.3 million to the Nigerian government on Friday, the News Agency of Nigeria has reported. This was sequel to an order by a Federal High Court in Lagos. The seized money, according [...]

January 7, 2017 Oil & Gas

Nigeria Discovers Huge Crude Oil In Borno

Nigeria has discovered huge crude oil concentration in Borno State, North East, raising the hope of the region joining the league of oil producers. Lagos state recently joined the league of crude oil producers. Some states in the league are [...]

December 17, 2016 Oil & Gas
Shipping Corporation of India (SCI)

India’s Biggest Shipping Company Resumes Iran Oil Transport With Insurance In Place

Shipping Corporation of India (SCI) will resume sailing to Iran this month after a four-year gap, transporting an oil cargo for a state-run refiner, the chairman of India’s biggest shipping company said on Tuesday. SCI stopped sailing to Iran in [...]

December 6, 2016 Oil & Gas
Why Investors Shun Nigeria’s Oil Industry

Why Investors Shun Nigeria’s Oil Industry

Unfavourable fiscal regime, transparency issues and stringent fund repatriation mechanism have been cited as reasons for the low investment inflow into Nigeria’s oil and gas sector. Speaking on the worrisome trend that has kept the nation’s sector at low ebb, [...]

November 29, 2016 Oil & Gas
FG to Import Crude Oil from Niger Republic

FG to Import Crude Oil from Niger Republic, Plans 1,000-km Pipeline

FG to Import Crude Oil from Niger Republic—Against the challenges in moving crude oil from South-South Nigeria to Kaduna Refinery and Petrochemical Company (KRPC), the Presidency has turned to Niger Republic for supply of the commodities to bring KRPC into [...]

November 28, 2016 Oil & Gas

MRS Oil, Gunvor, 222 Others Willing To Trade 700, 000bpd of Nigeria’s Crude

NNPC Boss: MRS Oil, Statoil, Gunvor International, Eni Trading & Shipping and 220 other foreign and indigenous companies, yesterday, indicated willingness to trade about 700,000 barrels per day of various grades of Nigeria’s crude oil for the 2017 fiscal year. [...]

November 25, 2016 Economy, Oil & Gas

NNPC: Buhari Punishes Nigerians, Makes Shocking Decision On Kerosene

The Nigerian National Petroleum Corporation, NNPC, may have put an end to the importation of Dual Purpose Kerosene, DPK, through its Direct Sales Direct Purchase, DSDP, and Offshore Processing Agreement. The DSDP, was adopted to replace the crude swap initiative, [...]

November 12, 2016 Oil & Gas
Nigeria Labour Congress

NLC Warns FG Against Another Fuel Price Increase

The Nigeria Labour Congress has warned the Federal Government against any further increase in the pump price of petroleum products, especially Premium Motor Spirit, otherwise called petrol. The warning is coming as the retail stations of the Nigerian Petroleum Corporations [...]

November 7, 2016 Oil & Gas
Nigeria discovers 21 wells

Nigeria Discovers 21 Wells Full of Oil Prospects in North Exploration [LOOK]

The quest for oil in the Lake Chad Basin area of Northern Nigeria is yielding fruitful results as Nigeria discovers 21 wells out of the 23 drilled so far have potential of full prospects of oil. The emerging facts by [...]

October 12, 2016 Oil & Gas
Ghana Begins Fuel Exports to Nigeria, Others

Ghana Begins Fuel Exports to Nigeria, Others

Ghana has started exporting fuel and gas oil to the landlocked countries of Burkina Faso, Niger and Mali from the Bolgatanga Petroleum Depot. The state-owned Bulk Oil Storage and Transportation Company (BOST) Limited, is also supplying petroleum products from the [...]

October 7, 2016 Oil & Gas

US Firm: President Muhammadu Buhari Lied, We Are Investing $150m Not $2.2B In His Oct 1, Speech.

President Muhammadu Buhari‘s deliberate misleading speech on the Nigeria's 56th Independence anniversary is still generating ripples across the world, as a US multinational company, General Electric (GE) has disassociated themselves with the claim that they are planning to invest $2.2billion in [...]

October 4, 2016 Economy, Foreign relations, Government and politics, Oil & Gas, Power

How President Muhammadu Buhari Awarded Tompolo’s Contract to Rivers APC Chairman.

President Muhammadu Buhari in attempts to position himself for the 2019 Presidential election is financially strengthening some of his loyalists across the country through the award of lucrative contracts and appointment as Managing directors and board members into juicy Agencies, Ministries [...]

October 1, 2016 Environmental issues, Government and politics, Oil & Gas