Monthly Archives: September 2018

Fuel supply threatened as oil workers join strike

The supply and distribution of petroleum products across the country are under threat as the Nigeria Union of Petroleum and Natural Gas Workers and the Petroleum and Natural Gas Senior Association have joined the strike ordered by the Nigeria Labour Congress.   The NLC on Wednesday directed all its members and affiliate unions to commence […]

$69 million Crude Oil Shipment: Court adjourns Nigerian govt’s suit against Chevron

A Federal High Court, Lagos on Wednesday adjourned until December 4, a $69 million suit filed by the Federal Government of Nigeria, against Chevron Petroleum Nigeria Ltd, seeking to recover oil revenue. The federal government filed the suit against Chevron Nigeria Ltd, and Chevron Petroleum Nigeria Ltd, as first and second defendants, respectively. The case, […]

Agip, NCDMB task Nigerian coys on best practices

  The Vice- Chairman/ Managing Director NAOC/NAE/AENR, Lorenzo Fiorillo, who stated in Yenagoa during the 5th Edition of the workshop on Regulatory Compliance and Procurement Best Practices for Nigerian Oil and Gas Contractors organised by NOAC Joint Venture, restated the commitment of Agip to the development of Nigerian companies as part of efforts to boost […]

Despite huge gas reserves, supply troubles hit Nigeria’s LPG industry

  For the second quarter of 2018 alone, 165.71 million litres of Liquefied Petroleum Gas (LPG) were imported into the country, according to the National Bureau of Statistics (NBS). April recorded the highest volumes of LPG (otherwise called cooking gas) imported into the country at 59.89 million litres.Also, 55.37 million litres was imported in May, […]

Oil workers may protest against alleged anti-labour practices by Chevron

  The national leadership of Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) and Petroleum and Natural Gas Senior Association (PENGASSAN), have vowed to embark on a nationwide industrial action if the management of Chevron Nigeria Limited refuses to rescind its anti-labour stance.   The unions, under the platform of NUPENGASSAN, argued that they […]

Nigerian Government moves to revoke licences of oil companies

  The Minister of State for Petroleum Resources, Dr Ibe Kachikwu, has said that the Federal Government will from 2019 commence the revocation of the licences of oil companies that fail to stop gas flaring in their operations in the country.     According to the News Agency of Nigeria, NAN, Kachikwu made this known […]

Shelve Planned Strike, NNPC Urges NUPENG, Pengassan

  The group managing director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, has urged oil workers under the auspices of the National Union of Petroleum and Natural Gas Workers (NUPENG) and the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), to halt their planned industrial action over a labour dispute […]

Strike: NNPC begs oil workers to exercise restrain

  The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, has urged oil workers under the auspices of the National Union of Petroleum and Natural Gas Workers (NUPENG) and the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), to halt their planned industrial action over a labour dispute […]

NNPC Records ₦17.16bn Trading Surplus

  The Nigerian National Petroleum Corporation (NNPC) has consolidated on its operational performance with a trading surplus of ₦17.16bn in the month of April, 2018.   NNPC Group General Manager, Group Public Affairs Division, Mr. Ndu Ughamadu, who disclosed this in a statement, said this was part of the highlight of the corporation’s Monthly Financial […]

Breaking: Police discover $470.5m belonging to NNPC’s Brass LNG hidden in banks

  The Nigerian Police Force announced today that it was able to trace $470.5 million belonging to NNPC Brass LNG squirrelled away in some accounts in some commercial banks in Nigeria.   Even more stunning, the police also said they traced another N8,807,264,834.96, belonging to the same project in the banks.   According to the […]