News Oil & Gas

Akwa-Ibom: Exxon-Mobil ex-workers petition Tompolo, Clark over N11.4bn terminal benefits

A total of 1,444 disengaged workers of ExxonMobil in Eket, Akwa Ibom State, have called on relevant stakeholders to prevail on the oil multinational for the payment of their terminal benefits of N11.4billion, else they will take the laws into their hands. The aggrieved ex-workers particularly called on ex-militants leaders, Government Ekpemupolo, Asari Dokubo and

Read More
News Oil & Gas

Fresh oil spill reported from Agip facility in Bayelsa

By Ebi Perekeme A fresh devastating oil spill has been reported at a facility operated by the Nigerian Agip Oil Company (NAOC) around Ogboinbiri in the Southern Ijaw Local Government Area of Bayelsa State. The oil leakage, which occurred on October 17 at the NAOC Wellhead 9, was reportedly caused by equipment failure. A field

Read More
News Oil & Gas

NNPC spends N32.56bn on pipeline security, maintenance in six months

By Ebi Perekeme  The Nigerian National Petroleum Corporation has said it spent a total of N32.56bn on pipeline security and maintenance from February to July this year. The NNPC spent N5.81bn on pipeline security and management in February; N5.32bn in March; N2.64bn in April; N5.26bn in May; N6.17bn in June, and N7.35bn in July. A

Read More
National Oil & Gas

PIA: FG scraps DPR, PPPRA, PEF as Sylva inaugurates new boards

The Department of Petroleum Resources, the Petroleum Products Pricing Regulatory Agency and the Petroleum Equalisation Fund are all officially scrapped and do not exist anymore, the Federal Government said on Monday. It also said while workers of the three agencies would be protected, their chief executives had been relieved of their various appointments. The Minister

Read More
News Oil & Gas

[MUST READ] What NNPC GMD told Niger Delta traditional rulers in Gbaramatu

The Chief Executive Officer/Group Managing Director of the Nigerian National Petroluem Corporation, Mele Kyari on Thursday led a delegation from the oil and gas industry to the Niger Delta to seek support for the protection of oil and gas installations in the country, GbaramatuVoice reports.  Kyari who was accompanied by top officials of the NNPC

Read More
National News Oil & Gas

Oil will still be in high demand till 2045 – Minister

The Minister of State for Petroleum Resources, Chief Timipre Sylva, said Nigeria is focused on developing its gas resources, though oil will be in high demand till 2045. He said the nation will thus not support any concept that promotes a single pathway to energy transition. Sylva said this at a one-day Seplat Energy Summit

Read More
News Oil & Gas

Oil Spillage: Demand accountability from oil companies, ERA/FoEN tells N’Delta communities

The Environmental Rights Action/Friends of the Earth Nigeria (ERA/FoEN), has called on communities in the Niger Delta, whose environments have been negatively impacted by oil exploration and exploitation activities, to demand full accountability from oil companies. ERA/FoEN executive director, Dr. Godwin Uyi Ojo, in a statement made available to LEADERSHIP in Port Harcourt, said it

Read More
National News Oil & Gas

PIA: DPR scrapped as Senate confirms board members of Nigerian Upstream Regulatory Commission

Department of Petroleum Resources (DPR) has been scraped following confirmation of the appointment of board members of the Nigerian Upstream Regulatory Commission. The confirmation of the nominees followed the consideration of a report by the Senate Committee on Petroleum Resources. The nominees confirmed include Isa  Modibbo – Chairman; Gbenga Komolafe – Chief Executive; Hassan Gambo

Read More
National News Oil & Gas

FG to fight crude oil theft in Niger Delta with Army, Navy, Civil Defence officers

To effectively fight against crude oil theft in the Niger Delta region, the Federal Government has disclosed that it will deploy operatives of the Nigerian Army, Navy and Nigeria Security and Civil Defence Corps (NSCDC) and other security agencies. Consequently, it has set up an Inter-Ministerial Committee on the recovery of crude oil and illegally

Read More
National News Oil & Gas

Buhari appoints Ararume as board chairman of new NNPC Limited [SEE FULL LIST]

President Muhammadu Buhari has named Senator Ifeanyi Ararume as NNPC Limited Board Chairman with Mele Kolo Kyari and Umar I. Ajiya as Chief Executive Officer, and Chief Financial Officer, respectively. The president ordered the incorporation of NNPC Limited in line with the provision of the Petroleum Industry Act (PIA). A statement by Special Adviser to

Read More
News Oil & Gas

Kogi, Anambra join league of oil-producing states …await 13% derivation fund

Anambra and Kogi States may have finally joined the league of Oil Producing States in Nigeria as their oil wells have been recognised by the Revenue Mobilisation Allocation And Fiscal Commission. The development was sequel to a letter from RMAFC to a request by Alhaji Yahaya Bello for due share of revenue accruing to the

Read More
National Oil & Gas

President Buhari announces ₦287b NNPC Profit After Tax for 2020

By Enaibo Asiayei  The Nigerian National Petroleum Corporation (NNPC) made of N287billion after paying tax in 2020, President Muhammadu Buhari has claimed. Buhari made this disclosure in a statement by his Special Adviser on Media and Publicity Femi Adesina on Wednesday. He said the President’s announcement was in fulfillment of an earlier pledge by his

Read More
News Oil & Gas

PIB: Oil companies will leave Nigeria if we increase 3% Host Communities Fund – Sylva

The Minister of State for Petroleum, Timipre Sylva, has said that increasing the three per cent host communities fund will affect the profit of oil companies and in turn force them to exit the country. Sylva said this during a press briefing organised after the signing of the Petroleum Industry Act by President Muhammadu Buhari.

Read More
National News Oil & Gas

[BREAKING] Buhari signs Petroleum Industry Bill into law

President Muhammadu Buhari has signed the Petroleum Industry Bill 2021 into law. According to a statement issued by Femi Adesina, presidential spokesman, working from home in five days quarantine as required by the Presidential Steering Committee on COVID-19 after returning from London on Friday August 13, the president assented to the bill Monday in his

Read More
News Oil & Gas

Shell begins major divestment of shallow, onshore assets in Nigeria

Royal Dutch Shell has launched a major divestment of its Nigerian assets, especially those in the shallow water and onshore, several sources familiar with the matter said yesterday. Sources close to the company disclosed that the oil giant had already hired Standard Chartered Bank to sell its Shell Petroleum Development Company of Nigeria Limited (SPDC)

Read More
News Oil & Gas

Chevron invests over $100m for economic development of Niger Delta region – Report

A report steaming from a study undertaken by Georgetown University revealed that Chevron Corp has made a significant investment of over $100 million channeled towards the development across major sectors Niger Delta region of Nigeria. This report was revealed in a study which interrogated claims and established findings from Chevron and U.S. Agency for International Development, (USAID)’s

Read More
National News Oil & Gas

How Nigeria lost N53.26bn to gas flared by oil companies in two months

By Ebi Perekeme Nigeria lost an estimated N53.26bn in the first two months of this year as international oil companies and local players flared a total of 33.04 billion standard cubic feet of natural gas. The oil companies wasted 17.53 billion scf of gas in February, compared to 15.51 billion scf in February, according to

Read More
News Oil & Gas

Shell confirms another oil spillage at Opukushi Field in Bayelsa

By Ebi Perekeme  Shell Petroleum Development Company of Nigeria (SPDC) has said that there was an oil spillage at its facility in Ekeremor Local Government Area of Bayelsa State. This is as the Nigerian subsidiary of the Anglo-Dutch oil and gas giant noted that the spill clean-up is progressing while the Joint Investigation report is

Read More
National News Oil & Gas

House of Reps pass Petroleum Industry Bill, allocate 3% of profits from oil companies to host communities

By Ebi Perekeme The Petroleum Industry Bill (PIB) has passed the third reading at the House of Representatives. The bill passed the third reading on Thursday after Mohammed Monguno, chairman of the ad hoc committee on Petroleum Industry Bill (PIB), presented a report and the lawmakers voted on 319 clauses of the bill. Before the

Read More
News Oil & Gas

CNL reiterates belief in community-driven development at Dodo River Association’s AGM

Chevron Nigeria Limited (CNL) has again reiterated its belief and support for community-driven development. Esimaje Brikinn, CNL’s General Manager, Policy Government and Public Affairs, said this at the nin BMoMR th (9th) Annual General Meeting (AGM) of the Dodo River Communities Development Association (DRCDA), on Thursday, June 24, 2021 at the Dodo River Secretariat, in

Read More
Imo News Oil & Gas

Imo community, Shell disagree over source of oil spill devastation

By Our Correspondent The Obiakpu community in Imo has accused the Shell Petroleum Development Company of oil spill devastation, according to a statement made available to our correspondent on Friday by Spaces For Change. It was stated that the spillage started two years ago from leakages of crude oil pipelines owned by the Nigeria Petroleum

Read More
News Oil & Gas

Strike Notice: Chevron clears air over sacked workers

International oil major and joint venture partner of the Nigerian National Petroleum Corporation (NNPC), Chevron Nigeria Limited (CNL), has expressed concern over a seeming misrepresentation of facts in the notice given to it by the Joint Executive Committee of CNL branches of Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) and Petroleum and Natural

Read More
Oil & Gas Video

MARGINALISATION: Egbema, Gbaramatu graduates send strong warning to Chevron (Full Video)

KOMBOT, Egbema and Gbaramatu Graduate Association in Warri North/Warri South West Local Government Areas of Delta State, has issued a strong warning to Chevron Nigeria Limited. Watch video below…

Read More
News Oil & Gas

NUPENG, PENGASSAN set to shutdown Chevron operations

By Ebi Perekeme  Barring any last minute resolution of the stalemate in negotiations between Chevron Nigeria Limited (CNL) and its labour unions, the country’s oil and gas industry will experience fresh disruption as the Joint Executive Council of NUPENG and PENGASSAN unions (NUPENGASSAN) in Chevron have declared their intention to shut down oilfield operations of the

Read More
National News Oil & Gas

Brass Petroleum Products Terminal project to generate 6,000 jobs – Kyari, NNPC MD

The N10.5 billion Brass Petroleum Products Terminal project will generate 6,000 jobs, the Managing Director of the Nigerian National Petroleum Corporation (NNPC), Malam Mele Kyari, has said. Kyari made this known at a ceremony to mark the execution of shareholders agreement between the Nigerian National Petroleum Corporation (NNPC), the Nigerian Content Development and Monitoring Board

Read More
National News Oil & Gas

FG signs Brass Petroleum Products Terminal agreement to tackle illegal refining in Niger Delta

By Ebi Perekeme  The Federal Government has signed shareholders agreement for the construction of Brass Petroleum Products Terminal Ltd  (BPPT) to curb illegal refining and stabilise products price in the Niger Delta. Chief Timipre Sylva, Minister of State for Petroleum Resources, at the signing ceremony on Friday in Abuja said the project would help to

Read More
Oil & Gas

Finally, DPR awards 57 oil fields to successful bidders in Abuja

By Ebi Perekeme The Department of Petroleum Resources (DPR) yesterday in Abuja officially awarded 57 oil fields to successful investors in the 2020 Marginal Field Bid Round programme, exactly one year after the journey began on June 1, 2020, with the launch of a processing portal. The award came a year after 2020 marginal field

Read More
News Oil & Gas

Chevron invests N17.6bn In Niger Delta in 10 years

Chevron Corporation has invested about N17.9billion in the last 10 years in agriculture, enterprises, innovations and business growth in the Niger Delta. Chevron’s Executive Director, Mr Dara Akala, stated this in the company’s scorecard titled: “Annual Report 2020” which newsmen accessed in Calabar, Cross River State yesterday. He stressed that through the Partnership Initiative in

Read More
Business News Oil & Gas

DPR to award 57 marginal fields to oil companies on Monday May 31

By Ebi Perekeme The Department of Petroleum Resources has concluded arrangements to issue award letters to successful investors in the 2020 marginal field bid round programme. The DPR said the letters would be issued at an award ceremony scheduled to hold in Abuja on May 31. Mr Paul Osu, Head, Public Affairs, DPR, made the

Read More
Business Oil & Gas

Shell to exit Niger Delta, says region’s oil no longer suitable for business

By Our Correspondent  Oil giant, Shell has said it intends to exit Nigeria, Africa’s leading crude oil producer’s onshore oil sector as continuing was no longer in tandem with its strategic investment interest. Shell’s CEO, Van Beurden, who made the decision known at the company’s annual general meeting on Tuesday, said he was in talks

Read More
Bayelsa News Oil & Gas

NDDC Board: Tension brews in Niger Delta as IYC gives oil firms 7 days to evacuate workers from platforms

By Enaibo Asiayei  The oil firms operating within the Niger Delta region has been given seven days notice to evacuate their workers from all facilities in the area, by Ijaw Youths Council (IYC) Worldwide. The notice follows the 30-day ultimatum they gave to the Federal Government to constitute a substantive board of the Niger Delta

Read More
News Oil & Gas

Niger Delta: Reps demand environmental justice, welfare of host communities over oil spills

By Ebi Perekeme The House of Representatives Committee on Host Communities wants companies and regulatory authorities to ensure that environmental justice is served to host communities that have suffered oil spills in the country. The Committee in a statement by its Chairman, Hon. Dumnamene Dekor, said the legislature would not spare any effort to ensure environmental

Read More
Oil & Gas Sponsored

[SPONSORED] Workers’ Day Celebration: Century Energy staff expresses sincere gratitude to management

As the whole world today, Saturday May 1, 2021, celebrates the Workers’ Day as recognized by the International Labour Organization (ILO), we the staff of Century Energy Services Limited (CESL), NNPC Oil Field Services (NOFS), a Leading Indigenous Service Provider in the country’s oil and gas sector, and operators of OML 42 facilities, writes to

Read More
Delta News Oil & Gas

Oil Spillage: We will go nowhere until Chevron meet our demands, says protesting Benikrukru communities

By Enaibo Asiayei Solomon Eris, chairman of the aggrieved Benikrukru communities in Gbaramatu Kingdom, Warri South Local Government Area of Delta State, has warned that there will be no end in sight to the continued occupation of Chevron Nigeria Limited (CNL) facility until the management of the company meets with the communities’ at the ceased

Read More
Delta News Oil & Gas

Danger as Okerenkoko, Makaraba, other communities join protest over oil spillage in Chevron facility

…Threaten a total shutdown of flowstations …Vow to continue until their demands are met There was palpable tension on Sunday in Gbaramatu Kingdom, Warri South West Local Government Area of Delta state as indigenes of Okerenkoko and other communities join the ongoing protests against Chevron Nigeria Limited, disrupting operations of the multinational oil company, GbaramatuVoice

Read More