Oil & Gas articles

We are not Embarking on Industrial Action, PTD Chairman tells NNPC

We are not Embarking on Industrial Action, PTD Chairman tells NNPC

Petroleum Tanker Drivers Branch of the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) has assured the Nigerian National Petroleum Corporation (NNPC) that it had no plan to embark on any strike action. PTD Chairman, Otunba Oladiti Salman, who spoke with the NNPC Group General Manager, Group Public Affairs, Mr. Ndu Ugbamadu, on Friday

REVEALED: Militants not solely responsible for oil production losses

Nigeria struggled to meet its 2017 oil production target of 2.3mbpd and missed revenue projections for the year’s budget but militant attacks are not solely responsible for the cuts, TheCable Petrobarometer can report. Production averaged 2.05mbpd at the end of December 2017 because of a combination of violent attacks by militants and technical challenges. According

‘No evidence linking Adoke, Etete to charges’ — Malami writes Magu on OPL 245

Abubakar Malami, attorney-general of the federation (AGF), has advised Ibrahim Magu, acting chairman of the Economic and Financial Crimes Commission (EFCC), that nothing in the court charges links the accused to the alleged offence in the OPL 245 saga. Mohammed Adoke, former minister of justice and attorney general, and Dan Etete, a former minister of

Baru commends Civil Defence Corps on nabbing of smugglers of 469,000 litres of petrol

The Nigerian National Petroleum Corporation (NNPC) Group Managing Director, Dr. Maikanti Baru, has commended the Niger State Command of the Nigerian Security and Civil Defence Corps (NSCDC) on the eight trucks its men apprehended in Mokwa, Niger State on Tuesday. The trucks had a combined capacity of 469,000 litres and were set on cross-border diversion

We don’t need National Assembly’s permission to subsidise petrol – NNPC

The Nigeria National Petroleum Corporation, NNPC, has given reasons for paying ‘subsidy’ on petrol without appropriation from the National Assembly. The Managing Director of the Petroleum Products Marketing Company, PPMC, Umar Ajiya, said the NNPC Act is a law on its own which the corporation implements with or without the National Assembly. The PPMC is

NNPC Alerts on Fake NETCO Recruitment Advert

The Nigerian National Petroleum Corporation (NNPC) has disowned trending adverts in some social media platforms seeking for applications to fill phantom positions in the Engineering Department of the National Engineering and Technical Company, NETCO, an upstream subsidiary of the corporation. The NNPC, in a statement, said that neither the corporation nor NETCO was responsible for

Dogara to Buhari: Fuel scarcity, subsidy a ‘betrayal’

Speaker of House of Representatives, Mr Yakubu Dogara, has expressed frustration with the lingering fuel crisis, accusing the executive arm of “betrayal”. Dogara said coming after the government raised the price of petrol, with the assurance that subsidy had been removed and there will be no scarcity, the executive must give compelling reasons for Nigerians

Economists, marketers react to Kachikwu’s three suggestions to end fuel scarcity

Economists and petrol marketers have expressed diverse views on the workability of three proposals made by the Minister of State for Petroleum Resources, Ibe Kachikwu, to resolve the current fuel scarcity. While the economists say the proposals are open to corruption and will not work efficiently, the marketers see it as a good initiative to

IPMAN speak on court judgement about petroleum marketers

Members of the Independent Petroleum Marketers Association of Nigeria, IPMAN, have commended a recent Appeal Court judgment in Abuja, which declared Chinedu Okoronkwo as the national president of the association. The marketers gave the commendation in a statement issued by their National Secretary, Danladi Passali, after the National Executive Meeting, NEC, on Wednesday in Abuja.

DPR: We’ve sealed 80 petrol stations in Delta

The Department of Petroleum Resources (DPR), Warri zonal office, says it has sealed over 80 petrol stations in Delta since fuel scarcity began in December 2017. Antai Asuquo, Warri zonal operations controller, made this known to reporters shortly after a statewide monitoring of filling stations. He said most of the filling stations were sealed in

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