Category Archives: Uncategorized

Rising crude price: Nigerians demand stronger financial buffers

  Against the backdrop of rising global crude oil prices, Nigerian stakeholders yesterday called for more robust fiscal and financial buffers by the Federal Government.   Their call came as benchmark oil price neared $90 per barrel, closing at $85.07 on Tuesday. In line with this development the stakeholders warned the Federal Government against reckless […]

Nigerian Oilman Prince Arthur Eze Builds $800,000 School In South Sudan

Oranto Petroleum, the Pan-African oil exploration and production company owned by Nigerian multi-millionaire Prince Arthur Eze, is constructing two primary schools in Yirol and Rumbek communities in central South Sudan.       Oranto, which has its headquarters in Nigeria, will spend more than $800,000 on the project as part of its Corporate Social Responsibility […]

Dangote Refinery Jetty Receives First Ship

  The Dangote Oil Refinery jetty located at the Lekki Free Trade Zone in Lagos, on Sunday, received its first ever ship call.   The ship named “BBC Naples” berthed at the new jetty on Sunday evening to deliver essential equipment for ongoing construction work at the Dangote Refinery.   The 132-metre long, 9,755-tonne general […]

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 […]