British, Portuguese, Turkish Envoys Laud NLNG’s Proposed Train-7 Plant

  The decision of the Nigerian Liquefied Natural Gas (NLNG) to push forward with the planned expansion of its production capacity to 30 million metric tons per annum (mtpa) has elicited some excitement from the United Kingdom, Turkey and Portugal.   The three countries indicated their excitement with the Train-7 project when their ambassadors paid […]

Why Warri port channel dredging can’t go below 7.5 meters — NPA boss

  Gas pipeline belong to the National Petroleum Corporation, NNPC, is to hinder the dredging of Warri port channel from being dredged going below 7.5 meters.       Disclosing this in Lagos Monday during a working visit to the corporate head officer of Vanguard Media Ltd, publishers of Vanguard Newspaper, Managing Director of the […]

NUPENG petitions FG over sack of 3000 workers by SEEPCO, BOGEL

  Nigeria Union of Petroleum and Natural Gas Workers, NUPENG,  Tuesday petitioned the Federal Government, urging it to stop the forceful evacuation of about 3000 by five drilling oil rigs being operated by Sterling Energy Exploration Company, SEEPCO,  and its drilling arm, British Oil and Gas Limited in Kwale, Warri area of Delta State, to […]

NUPENG threatens showdown nationwide over oppression by foreign firms

  The Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) has vowed to shut down operations nationwide over what it described as oppressive and high handedness of management of Sterling Energy Exploration Company (SEEPCO). It also indicted its drilling arm, British Oil and Gas Limited (BOGEL) for frustrating the legitimate demands of workers to […]

Nigeria’s upcoming elections could add to global oil market’s risks

  Upcoming elections in oil producing states Nigeria and Libya may add a new twist to a familiar theme for OPEC. The oil exporting group’s strategy has repeatedly been adapted to suit the unpredictable political environment in these two African producers.   Both were excluded from the 1.8 million barrels per day production cut deal […]

Nigeria’s Qua Iboe crude oil output at risk due to blockade: ExxonMobil

  ExxonMobil’s Nigerian oil producing unit says crude production and exports from its assets in southern Nigerian have come under threat following an over six-week blockade by former employees protesting their dismissal.   “The continued blockade means a loss of access for employees [and contractors]. Continued denial of access to production facilities could impact the […]

Risking Fresh Attacks On Nigeria’s Oil Production

  Against the backdrop of recent threats by militant groups to resume disruption of oil production in the Niger Delta, James Emejo and Chineme Okafor write that the Nigerian economy could be shattered, if the threat is carried out   Militants in the oil-rich Niger Delta have threatened to get back to destroying oil assets […]

House Committee Blames DPR for Loss of $21bn

The House of Representatives ad hoc Committee investigating alleged loss of $21 billion by Nigeria to expired agreements on Production Sharing Contracts (PSCs) with the international oil companies (IOCs) has blamed the Department of Petroleum Resources (DPR) for failing to renegotiate the terms of the contracts when they were due as provided in the agreements. […]

FG Condemns Hate Speech, Decries Crude Oil Pipeline Vandalism

As the 2019 elections approach, the federal government thursday condemned hate speech and cautioned political gladiators against plunging Nigeria into uncontrollable crisis through the use of provocative comments.   It also decried the recent spate of oil pipeline vandalism, illegal oil bunkering and oil theft, which it claimed, had put the Nigerian economy in dire […]