Oil and Gas

The Olu of Warri, Ogiamen Ikenwoli has sought President Muhammadu Buhari’s intervention to facilitate revival of the $20 billion Ogidigben Gas Revolution Industrial Park (GRIP). He made the plea when he led a delegation of traditional rulers from Delta State ...

The Nigerian National Petroleum Corporation (NNPC) yesterday restated its commitment to transparency and due process, especially with regard to an alleged breach of Treasury Single Account (TSA) policy. Special Presidential Investigative Panel for the Recovery of Public Property had alleged ...

Fortunes of the Onne Port in Rivers State have been boosted as the West Africa Container Terminal (WACT) acquired two mobile harbour cranes for cargoes handling. The new cargoes handling facility, estimated at $10 million would bring WACT at par ...

The Special Presidential Investigation Panel for Recovery of Public Property (SPIP) has said it had begun investigation into alleged corrupt practices by some officials of the Petroleum Equalisation Fund (PEF). Also facing scrutiny are three permanent secretaries Its chairman, Okoi ...

Inconsistency has dogged the Nigerian National Petroleum Corporation (NNPC) spending of N843.121billion on fuel subsidy in 13 months. The disturbing revelation comes at a time the Nigeria Governors’ Forum (NGF) decried the continued payment of oil subsidy by the Federal ...

Fortunes of the Onne Port in Rivers State was boosted yesterday as the West Africa Container Terminal (WACT) acquired two mobile harbour cranes for cargoes handling. The new cargoes handling facility, estimated at $10 million would bring WACT at par ...

Nigeria is to earn over $10.2 billion in royalties and taxes from the development of Oil Mining Lease (OML) 13 in the next 15 years courtesy of a $3.15 billion Financing and Technical Services Agreement signed between the Nigerian Petroleum ...

Efforts to internationalise the campaign against environmental injustices in Bayelsa State have caught the attention of the United Kingdom (UK) Parliament, as the Africa All Parliamentary Group (AAPG) held a session on the impact of oil spills in the state. ...

The Hydrocarbon Pollution Remediation Project (HYPREP) has lamented that litigations against its activities, insecurity and infightings in Ogoni may threaten execution of the United Nations Environment Programme (UNEP) report. Specifically, HYPREP identified youth restiveness and community leadership tussles, as major ...

The Nigeria Governors Forum (NGF) has said the nation loses 200,000 barrels of oil daily to oil theft. Chairman of the forum and Ekiti State Governor, Kayode Fayemi, made the revelation at a meeting between the leadership of the NGF ...