Category Archives: Uncategorized

N7.3trn crude in first 6 months of 2018 – NBS

  Nigeria’s crude oil export appreciated by 17.38 per cent to N7.308 trillion in the first six months of 2018 from N6.226 trillion recorded in the last six months of 2017, according to data obtained from the National Bureau of Statistics (NBS). The NBS, in its Second Quarter 2018 Foreign Trade Statistics, stated that first […]

Total MD makes case for security of Nigeria’s existing gas pipelines

  The Managing Director of Total E&P Nigeria Ltd, Mr. Nicolas Terraz, has suggested to stakeholders to prioritise fixing the many problems weighing down the optimisation of gas resources rather than focusing on building new infrastructure. Speaking at a session on “Gas Infrastructure Development” during the just concluded Nigerian Gas Association (NGA) 11th International Conference […]

Kachikwu – Nigeria Grew Fx Reserves By $20bn From Opec’s Exemption

  The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, Wednesday disclosed that the crude oil production exemption granted to Nigeria in 2016 by member countries of the Organisation of Petroleum Exporting Countries (OPEC) and non-OPEC members led by the Russian Federation helped the country raise her foreign exchange reserves to $45 billion from […]

We didn’t issue strike notice to govt – PENGASSAN

NNPC Protest: Members of PENGASSAN and NUPENG protesting over unbundling of NNPC in Abuja, yesterday. Photo: Gbemiga Olamikan   THE leadership of the Petroleum and Natural Gas Senior Staff Association of Nigeria, PENGASSAN, has denied the report that it issued a strike notice to the federal government.   PENGASSAN in a statement signed by its […]

NNPC denies culpability in Abia oil pipeline fire

  The Nigerian National Petroleum Corporation, NNPC, yesterday, denies culpability in the pipeline fire incident that occurred last week in Umuaduru and Umuimo communities in Osisioma Ngwa Local Government Area of Abia State.       The NNPC, in a statement by its Group General Manager, Group Public Affairs Division, Mr. Ndu Ughamadu, said the […]

Baru hails oil workers for stopping planned strike

  The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, praised the leaderships of the National Union of Petroleum and Natural Gas Workers (NUPENG) and the Petroleum and Natural Gas Senior Staff Association (PENGASSAN) for their roles in the prompt resolution of the recently averted planned industrial action.   He […]

‘60m barrels of crude oil stolen from Nigeria’

  Human rights lawyer, Femi Falana (SAN) yesterday said about 60.2 million barrels of crude oil were stolen from the country between 2011 and 2014. Speaking at the 40th anniversary of the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), Falana noted that the stolen product passed through the Philadelphia Port in the […]

Kachikwu – Nigeria Grew Fx Reserves By $20bn From Opec’s Exemption

The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, Wednesday disclosed that the crude oil production exemption granted to Nigeria in 2016 by member countries of the Organisation of Petroleum Exporting Countries (OPEC) and non-OPEC members led by the Russian Federation helped the country raise her foreign exchange reserves to $45 billion from $25 […]

Nigerian oil company to be investigated over alleged $3.5bn subsidies purchase

  Energy x Abu Dhabi, UAEThursday 18 October 2018 UAE Edition International Edition  Prayer Times  Weather UAE WORLD BUSINESS OPINION ARTS&CULTURE LIFESTYLE SPORT VIDEOS SUBSCRIBE  About Us Contact Us Work With Us Privacy Policy Terms & Conditions Advertise with Us Subscribe Sitemap Nigerian oil company to be investigated over alleged $3.5bn subsidies purchase Nigerian National […]

PENGASSAN to FG, states: Resolve minimum wage issue before November or…

  Petroleum and Natural Gas Senior Staff Association of Nigeria, PENGASSAN, Tuesday, called on the federal and state governments, the organized private sector and other stakeholders to immediately resolve the impasse in the ongoing negotiation for a new minimum wage in the country before political campaigns begin in November.   Minimum wage Addressing newsmen on […]