Tags Oil and gas

Tag: Oil and gas

Heirs Oil and Gas appoints Osayande Igiehon as CEO

Prior to joining the energy firm, he served as vice-president of Royal Dutch Shell in Hague, Netherlands and also as chairman and CEO of Shell Garbon.

Oil imports gulped $1.32bn in 2020, says CBN

Nigeria, Africa’s largest oil producer, relies largely on importation for petrol and other refined products as its refineries have remained in a state of disrepair for many years.

Oil price gains for fifth consecutive month

The OPEC Reference Basket increased $3.51 or 5.7 per cent m-o-m (month-on-month) to average $64.56/barrel, the highest on monthly terms since January 2020.”

Nigeria’s daily oil production hits 1.57 million barrels

Nigeria produced 1.57 million barrels per day last month, a 30,000 bpd rise from February, and 70,000 bpd above its quota.

Delta communities threaten to shut down oil firm over massive spill

The woman leader of the federated communities, Mrs Rachael Ukuveghre said the women, “will occupy the premises, we will dance naked on their premises until they listen to us.”

Breaking: Nigeria military destroys illegal oil refinery at Ibeto creek in Rivers State

the illegal oil refinery have been going on for years not until today when a joint team of Nigerian Navy and Army stormed the area exploding everything on site

Oil thief bags three years in Port Harcourt

He was convicted on Tuesday, March 2, 2021 after pleading "guilty" to one count amended charge that borders on conspiracy and illegal dealing in petroleum products, contrary to Section 1 (1) (a) and punishable under Section 1 (17) (a) of the Miscellaneous Offences Act, CAP M17 of the Reverse Edition (Laws of the Federation of Nigeria) 2007.

President Buhari urges Nigerians to use more of gas as alternative to petrol

“The Minister of State Petroleum Resources is hereby directed to commence the process of hand over of mass transit buses to Organized Labour as part of our government's pledge to continue providing support that will ease the transportation challenges Nigerians are facing at this time.’’

Oil rises above $48 on COVID-19 vaccine hope

“The recent depreciation of the US dollar has helped temper the impact of surging oil prices for some of the world’s largest consumers of energy,” said Stephen Brennock of broker PVM.

Court jails six foreigners seven years for oil theft in Port Harcourt

The ship had no clearance from relevant Nigerian maritime agencies to navigate in Nigerian waters and all the foreign crew on board the ship had no valid documents to enter Nigeria.

Oil-producing states get N31.9bn in Oct, as FAAC distributes N604.004bn

The distribution is as follows: Federal Government got N17.642 billion, states received N58.805 billion, local governments got N41.167 billion, while Cost of Collection/Transfer and Refund got N5.059 billion and Allocation to NEDC project received N3.794 billion.

Investigation shows Oil firms spill 3,346 barrels of crude oil in eight months

On a company by company basis, the report revealed that Shell Petroleum Development Company, SPDC, recorded the highest spills, with 1,335.05 barrels of crude oil spilled in 17 incidents; followed by ND Western, with 1,280 barrels of crude oil spilled in five incidents.

Exclusive: Accugas issues new deadline to FG — after receiving N13.6bn arrears

Federal government has settled N13.6 billion of outstanding invoices Accugas Ltd for gas supply to the Calabar Generation Company Limited, TheCable...

Oil drops more than $1 after Saudi price cuts, demand optimism fades

Oil prices dropped more than $1 a barrel on Monday, hitting their lowest since July. The drop is...

Oil marketers list gains of PMS deregulation to Nigerians

The Major Oil Marketers Association of Nigeria (MOMAN) says the deregulation of the sale of Premium Motor Spirit (PMS), also known...

Most Read

Update: Baba Ijesha arraigned for alleged sexual assault, attempted rape of minor

the actor sexually assaulted the minor in 2013 when she was seven years’ old by using his private part and a key to rub the private part of the minor.

FEC approves resumption of FCT N1trn land swap initiative launched by Jonathan

some amendments were made to the original form of the initiative by establishing a legal framework to protect all parties.

You must end insurgency, banditry, others — Reps tell new Army Chief

Let me assure you that the Joint Committees on Defence and Army will be thorough, transparent and sincere in the conduct of this screening. We owe this to Nigerians as their representatives. Consequently, we seek your cooperation as we embark on this constitutional legislative process”.

Breaking: Nigeria’s inflation rate slows to 17.93% in May

The food inflation also reduced to 22.28 percent in May from 22.72 in April.