Tag: Oil
-
Delta: Most peaceful state for oil, gas business in Nigeria – Ifeajika
Delta State, under the leadership of Governor Sheriff Oborevwori, has emerged as the most peaceful and investor-friendly environment for oil and gas operations in Nigeria. The Executive Assistant to the Governor on Public Enlightenment (Projects and Policies), Mr. Olisa Ifeajika, attributed the state’s stability and security to its growing appeal among stakeholders in the energy…
-
‘WAHALA’: Trump imposes 14% tarriff on Nigeria oil, others
The United States President Donald Trump has announced sweeping global tariffs on all imports into the country, slamming 14 percent on Nigeria. According to 2023 data published by Observatory of Economic Complexity (OEC), Nigeria exported $6.29 billion to US. The main exports were crude Petroleum ($4.73 billion), Petroleum gas ($920 million), and nitrogenous fertilisers ($167…
-
Ogoniland oil resumption report to be submitted soon – Dialogue C’ttee
The Ogoni Dialogue Committee on the Resumption of Oil Extraction in Ogoniland has concluded its consultations and will soon submit its findings to the Federal Government. The committee’s Chairman, Prof. Don Baridam, disclosed this on Sunday during a
-
Iraq refutes U.S. congressmen’s allegation of smuggling oil to Iran
The Iraqi Oil Ministry has dismissed accusations from several U.S. Congress members that Iraq is smuggling and “illegally” selling oil to Iran to help it avoid U.S. sanctions. The ministry also called the claims “fabrications that have no basis.”
-
FG, Oil Producers reach agreement on crude supply to local refineries
The statement issued by the Commission, it was noted that this initiative is part of the efforts to implement key sections of the
-
NNPC Ltd declares state of emergency on oil, gas production
The Nigerian National Petroleum Company Limited (NNPC) Ltd has declared a state of emergency on production in Nigeria’s oil and gas industry. The NNPC Ltd has also called on all players in the industry to collaborate towards reducing the cost of oil production and boosting production to target levels.
-
FG moves to bridge metering error gaps in oil, gas
The Federal Government says it will purchase up-to-date equipment to bridge the gap between metering errors noticed in petroleum products and the required standard. The Permanent Secretary, Ministry of Industry, Trade and Investment, Amb. Nura Rimi, said this at a
-
Reps query oil coys over environmental degradation in Niger Delta
The House of Representatives Joint Committee on Environment, Petroleum Resources Upstream, Petroleum Resources Downstream and Climate Change has queried oil producing companies operating in the country over the environmental degradation. Rep. Pondi Gbabojor, the Chairman of the joint Committee, said this Abuja on Wednesday
-
Navy still in custody of oil alleged theft suspect vessel
…as owners lament massive loss insisting they run clean business A vessel MT Prestigious recently nabbed on suspicion of engaging in illegal oil bunkering is still under the custody of the Nigerian Navy. Reports in the Nigerian media had reported the arrest of the vessel in the Bonny area but indicated that it had been…
-
Reprieve as Dangote refinery further slashes price of diesel to N1,000/litre
Following the appeal by oil marketers Dangote Petroleum Refinery has agreed to reduce the of Automotive Gas Oil, popularly called diesel. The Dangote refinery reduced the price of diesel from its initial N1,200/litre to N1,000/litre, a development that triggered excitement among operators in the downstream oil sector.