NEWS

……….NSCDC disbands anti vandal team, suspends team leader By Chibisi Ohakah, Abuja  Barely 24 hours after the outburst of the Governor of River state, Nyesom Wike, over links between illegal refineries in the region and Nigeria’s…

Barkindo, throughout his tenure with OPEC, has fought the good fight, finished his race, and kept the faithMany will agree that OPEC Secretary General H.E. Mohammed Barkindo walks in the same shoes as late world leaders Kofi Annan, who…

…….13 shiploads of crude intercepted …….567 suspects arrested …………1,423 illegal refineries shut, 4,929 storage facilities seized By Chibisi Ohakah, Abuja The Joint Task Force (JTF), also called Operation Delta Safe, has…

By Chibisi Ohakah, Abuja TotalEnergies and Plastic Energy have announced a new agreement to promote the development of advanced plastic recycling. TotalEnergies is a global multi-energy company that produces and markets energies: oil…

By Chibisi Ohakah, Abuja Centre for the Promotion of Private Enterprise (CPPE), an economic advocacy group, has identified Dangote Petroleum Refinery in Nigeria as one that would impact positively on the downstream sector, and as well…

By Chibisi Ohakah, Abuja The Nigerian Army has denied reports that two soldiers and 7 illegal miners lost their lives during a bloody clash at a mining site in the Magama village in Jibia local government area of Katsina state last…

By Chibisi Ohakah, Abuja The Nigerian government has not implemented the Value Added Tax (VAT) on imported Liquefied Petroleum Gas (LPG) as planned. The government had in 2019 gazetted the removal of VAT on LPG (better known as cooking)…

By Chibisi Ohakah, Abuja President of Enugwu Akwu Town Union, Mr. Christian Iloma, has extolled the kind virtues of a staff of Chevron Nigeria Ltd, Mr. Victor Anyaegbudike, and his personal contributions in the development of the Enugu…

Nigeria lost not less than $3.5 billion revenue to crude oil theft in 2021 alone, representing about 10 per cent of the country’s foreign reserves according to agency reports. Recall that earlier report indicated that Nigeria lost…

By Chibisi Ohakah, Abuja Union of Nigerian local government administrations of two states in Nigeria’s north east, Bauchi and Gombe, have called on the Nigerian federal administration to commence without further delay, oil and gas…

The president has repeated the same misleading claims in his interviews despite being fact-checked as false. President Muhammadu Buhari has again quoted wrong figures of Nigeria’s average crude oil revenue between 1999 and 2014 while…

By Sunday Elom The Nigerian Navy has handed over 20 suspected thieves arrested for illegal possession of crude oil and MTT4 vessel recovered from them to the officials of Nigeria's anti-graft agency, the Economic and Financial Crimes…

By Sunday Elom A civil rights advocacy group under the aegis of Human Rights Writers Association of Nigeria (HURIWA), has charged President Muhammadu Buhari to reverse the market price of cooking gas to its price before he assumed…

By Chibisi Ohakah, Abuja International energy observers believe Nigeria has finally kick-started the implementation of its new oil reform legislation, the Petroleum Industry Act (PIA), expected to open up the oil and gas sector, which…

By Chibisi Ohakah, Abuja President Muhammadu Buhari has named a new board for the Nigerian National PetroleumCompany (NNPC) Ltd, Senator Magret Chuba Okadigbo, with wife of the former Senate President, Rt. Hon. Chuba Okadigbo, as…

*Cost of borrowing in global commodity industry to surge in 2022*Despite headwinds, Wood Mackenzie predicts over $400bn global spending Nigeria’s desire to continue reaping the benefits of its oil and gas resources before the world…

By Chibisi Ohakah, Abuja A number of oil companies, mostly indigenous, are beginning to show interest in onshore and shallow water assets up for divestment by international oil companies (IOCs) in Nigeria. Top on the list of IOCs…

Nigerian National Petroleum Company (NNPC) Limited has identified the Petroleum Industry Act (PIA), as a major achievement in 2021 that would stimulate investment in 2022 and beyond. In its report sighted by Vanguard, the Company, which…

By Chibisi Ohakah Abuja Kuwait’s Haitham Al-Ghais, yesterday emerged the incoming secretary general of the Organisation of Petroleum Exporting Countries (OPEC). Orient Energy Review (OER) predicted as much yesterday that Al-Ghais…

By Chibisi Ohakah, Abuja  The Standards Organization of Nigeria (SON) has said that it would be focusing on the Nigeria’s oil and gas sector with the aim of enhancing products and services quality attainment from 2022. Established in…