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NSCDC destroys four illegal refineries tapping crude from OML18

*Operatives of NSCDC in Rivers State destroy an illegal refinery in Cawthorne Channel. Mkpoikana Udoma Port Harcourt — The Nigerian Security and Civil Defence Corps, NSCDC, says it has dismantled and destroyed four illegal refineries within […]

Coalition condemns Shell’s planned onshore divestment over ecological concerns

*Oil spills from Shell’s flowstation float on Diebu Creek Mkpoikana Udoma Port Harcourt — A coalition of civil society organisations has condemned Shell’s plan to sell its onshore assets in the Niger Delta, without addressing all […]

NOSDRA blames SPDC oil spill on sabotage

*1-inch valve installed at 12 O’clock position on the 12-inches Ogale-Ebubu Pipeline operated by SPDC. Mkpoikana Udoma Port Harcourt — The National Oil Spills Detection and Response Agency, NOSDRA, has blamed the recent oil spills […]

Diri tasks NCDMB on facilitating investments into Bayelsa

*Governor Douye Diri of Bayelsa State Mkpoikana Udoma Port Harcourt — Bayelsa State governor, Douye Diri, has tasked the Nigerian Content Development and Monitoring Board, NCDMB, to explore areas where the Board could facilitate investment and […]

NUPRC seeks collaboration with the Police to combat oil theft

*Gbenga Komolafe, Chief Executive Officer, CEO NUPRC Oritsegbubemi Omatseyin Lagos — In a bid to arrest the daunting challenge of oil theft in Nigeria’s petroleum sector, the Chief Executive Officer of the Nigerian Upstream Petroleum […]

NUPRC, stakeholders fine-tune strategies for the oil and gas sector

Oritsegbubemi Omatseyin Lagos — To drive and grow sustainable investments in Nigeria’s upstream for energy security and national economic development and in the process return value to all stakeholders, the Nigerian Upstream Petroleum Regulatory Commission, […]

PETROAN lauds NNPCL’s decision to outsource PH Refinery

*NNPC refinery, Port Harcourt Mkpoikana Udoma Port Harcourt — The Petroleum Product Retail Outlet Owners Association of Nigeria, PETROAN, has applauded the Nigerian National Petroleum Company Limited, over its planned outsourcing of the operations and […]

NUPRC, stakeholders meet on strategies to grow oil industry investments

*Gbenga Komolafe, Chief Executive Officer, NUPRC Oritsegbubemi Omatseyin Lagos — To drive sustainable investments in Nigeria’s upstream for energy security and national economic development, the Nigerian Upstream Petroleum Regulatory Commission, NUPRC, has met in Lagos with […]

US crude prices firm at Gulf Coast as takeaway capacity tightens

West Texas Intermediate crude at Magellan’s East Houston terminal (MEH), on average this month traded at a 45-cent premium per barrel to its price at Midland, Texas, the price point closest to the actual production […]

Where does NNPC’s revenue go?

*Observers fault reluctance in remitting to Federatio *Subsidiaries generate billions annually *NNPC world’s most opaque firm – Sanusi *NNPC Towers, Abuja Chuks Isiwu Lagos — When former governor of the Central Bank of Nigeria, CBN, Sanusi […]