Govs Insist on Privatisation of
NNPC, PHCN
Governors of the 36 states under the aegis of Nigeria
Governors’ Forum (NGF) has resolved to support
constitutional amendment that will facilitate a speedy
unbundling of the Nigerian National Petroleum
Corporation (NNPC) and Power Holding Company of Nigeria
(PHCN)...more>>
Oando Exploration and Production Limited (OEPL), a
subsidiary of Oando Plc has signed a farm-in agreement
with Network Exploration and Production Nigeria Limited
(NEPN) for the acquisition of 40per cent participating
interest in the Qua Iboe field located in Oil Mining
Lease (OML) 13....more>>
Fuel
imports down by 27 million litres on subsidy removal
Nigeria’s daily fuel imports are down 45 percent this
year, or by 27 million litres a day, on the back of the
partial removal of petroleum subsidies by the Federal
Government...more>>
THE Executive arm
of government appears set to end the blame game over the
delay in the passage of the Petroleum Industry Bill (PIB)...more>>
NNPC,
Customs, Navy Trade Blame over Fuel Scarcity
The usual buck
passing over the recent shortfall in fuel supply and
resurgence of long queues at fuel stations across the
country resurfaced yesterday when the Nigerian National
Petroleum Corporation (NNPC) said officials of the
Nigerian Customs Service (NCS) and the Nigerian Navy
operating at the ports should be held responsible for
the scarcity...more>>
NIGERIA’S oil reserve may
keep on gushing for more years than currently projected,
going by current estimates by an industry expert
...more>>
Fuel subsidy has been
removed in principle, says Lamido
JIGAWA State Governor,
Sule Lamido, has declared that the subsidy on petroleum
products has already been removed, as it was not
captured in this year’s budget hence the Federal
Government has been imposing tax on the states to make
up for over N1.4 trillion needed to offset the bill....more>>
WORRIED by
the escalating cost of doing business in the oil sector
in the country, the Senate, through its Committee on
Petroleum Resources (Upstream), has started a process
aimed at addressing the issue and to pave way for
passage of the Petroleum Industry Bill (PIB)...more>>
Stakeholders in the oil and gas sector have stressed the
need for appropriate policies to be put in place in
order to develop the gas sector of the nation’s
petroleum industry. Other things they want put in place
to enhance a robust gas sector include infrastructure,
market, partnership and security in the Niger-Delta
region of the country.
...more>>
THE ongoing debates (or
rather, a decision) on subsidy removal and the arguments
behind it refer. Government’s argument has essentially
been the need to end the high cost needed to make
importers happy. It goes thus: importers bring in
products at high cost due to a variety of factors which
include cost of production in the respective foreign
countries...more>>
THE local
content agenda of the Federal Government has got a boost
as more local firms operating in the oil and gas
industry have begun to test their strength in the
international market. ...more>>
Force Majeure: Shell Begins Repair
of Forcados Pipeline
The Shell Petroleum
Development Company of Nigeria (SPDC) has mobilised for
repair of the Trans Forcados Pipeline, which was shut
down following a sabotage leak on October 6, resulting
in the declaration of force majeure on the company’s
Forcados crude oil exports. ...more>>
THE policy implementation
is still about three months away. But at the weekend,
many fuel-dispensing stations have started constricting
their pumps some from 12 to three or four ostensibly to
create artificial scarcity. And when there is scarcity,
Nigerians throw up their hands, adjust their budgets and
buy at whatever price the cost of Nigeria’s most
essential commodity: Premium Motor Spirit (PMS)
otherwise called petrol.
...more>>
-Although the
significance of the gas project goes beyond the supply
of gas for electricity generation in the country,
efforts of Pan Ocean Oil Corporation in the global fight
to stop the release of harmful gas to the ecosystem
have, no doubt, exposed the insincerity of the
International Oil Companies (IOCs) to check
environmental pollution in the Niger Delta.
...more>>
Despite
the laudable expectations from the yet-to-be passed
Petroleum Industry Bill, there is the other side of the
bill that has been giving stakeholders in the industry a
lot of concern...more>>
As
trillions mount in the local currency in the name of
fuel subsidy, nothing puts the rulers and ruled on
warpath than this hot topic. Nothing also reveals more
policy contradictions and double-speak than this
time-worn subject.
...more>>
For
sometime now, it has been a major concern that after
many decades, contractors and multinationals that have
done business worth several millions of dollars in
Nigeria do not have appreciable footprint in the country
...more>>
We started
the series by examining the rationale behind the United
Nations (UN) via its International Maritime Organisation
(IMO) spear heading the global initiative to phase out
single-hull vessels. We considered the MARPOL 73/78 as
the international convention for the prevention of
Pollution from Ships (MARPOL is short for marine
pollution and 73/78 short for the years 1973 and 1978).
We looked at the approach of the IMO to implement the
regulation by phasing out single
...more>>
The Ogoni oil clean-up
The
recently released United Nations Environment Programme (UNEP)
report on the level of despoliation of Ogoniland, if
anything, has confirmed the cries of the people of
Niger Delta against the calamities that oil
explorers, doing business in this oil rich area of
Nigeria, has visited it with in the last five
decades.
...more>>
UN Report: NNPC pledges cooperation with partners on
Ogoniland restoration
Austen Oniwon, Group
Managing Director of NNPC, has pledged to work with the
ogranisation’s Joint Venture partners to recover Ogoni
land and give life back to the community. This was
contained in a statement issued on Thursday in Abuja by
Levi Ajuonuma, the Group General Manger, Public Affairs
Division, NNPC
....more>>
Specialists in brand marketing have expressed concern
over the failure of most of the 36 component states of
Nigeria to create distinction about them, in order to
attract domestic and foreign investments.....more>>
With
current estimated gas reserves of 185 trillion cubic
feet, Nigeria holds the eighth largest gas reserves in
the world and the largest in Africa. Despite these vast
gas reserves, the domestic gas market is generally
underdeveloped and a significant percentage of available
natural gas is either exported as liquefied natural gas,
re-injected to enhance oil recovery (where gas is found
in association with oil) or simply flared....more>>
Kerosene has been scarce
not because the product is not available but the fact
that greed that has permeate the various fabrics of the
nation’s society...more>>
Depot and Petroleum Products Marketers Association (DAPPMA)
has warned of severe consequences should the Nigerian
National Petroleum Corporation (NNPC) reverse the
kerosene allocation guidelines which it said would put
its members at a disadvantage when compared to the major
oil marketers...more>>
Nipco plc, an indigenous integrated downstream operator,
has assured petroleum product marketers across the
country of continuous availability of these products at
its fuel depot. The company, which has storage facility
of over 60m litres at the terminal in Apapa, Lagos said
conscious efforts have been made to ensure that it
maintains its vision of being the first choice
enterprise in the oil and gas industry to all
stakeholders....more>>
Nipco plc, an indigenous integrated downstream operator,
has assured petroleum product marketers across the
country of continuous availability of these products at
its fuel depot. The company, which has storage facility
of over 60m litres at the terminal in Apapa, Lagos said
conscious efforts have been made to ensure that it
maintains its vision of being the first choice
enterprise in the oil and gas industry to all
stakeholders....more>>
Emerging from a closed-door meeting between the Nigerian
National Petroleum Corporation (NNPC) and Major Oil
Marketers Association of Nigeria (MOMAN) on the drive to
‘restore sanity’ in the supply and distribution of
kerosene nationwide, Austeen Oniwon, the group managing
director (GMD) of NNPC, has admitted to a distribution
lax....more>>
Petroleum
Products: Marketers Insist on Review of PPPRA Pricing
Template
Petroleum products marketing companies are seeking a
review of the pricing template of Petroleum Products
Pricing and Regulatory Agency (PPPRA) as the only
measure that will increase the profit margins of the
marketers and protect jobs in the sector....more>>
Mobil Oil
Woos Investors with Profit Growth
Despite what it called the “difficult supply, pricing
and operating environment,” Mobil Oil Nigeria Plc posted
a profit after tax of N3.9billion in 2010, representing
a growth of 37per cent, when compared with 2009
performance....more>>
There is no denying the fact that the gas
industrialisation revolution launched by the President
Goodluck Jonathan's administration is focused on an
industrial rebirth of Nigeria, through the stimulation
of gas based industries, such as fertilizer, methanol
and petrochemicals. Projects under the gas revolution
include the development of Africa's largest
petrochemical complex by the Nigerian National Petroleum
Corporation (NNPC) and its partner, the Saudi Arabian
conglomerate - Xenel....more>>
Gas revolution, content act
catalysts to industrial growth
There is no denying the fact that the gas
industrialisation revolution launched by the President
Goodluck Jonathan's administration is focused on an
industrial rebirth of Nigeria, through the stimulation
of gas based industries, such as fertilizer, methanol
and petrochemicals...more>>
There are no plans to increase litre price of petrol in
the country, an official at the national oil company
has said. Dr. Levi Ajuonuma, NNPC spokesperson said
while reacting to the long queues that resurfaced at the
petrol stations in some parts of the country that the
NNPC has well over 39 days sufficiency of PMS and other
petroleum products in stock.
.....more>>
The
nation’s revenue from oil exports rose 46 percent from
2009 to N9.15 trillion ($59 billion) in 2010, as
companies raised output on improved security in the
Niger Delta, the National Bureau of Statistics stated
yesterday. Nigeria earned $196 billion from oil and gas
exports in the four years from 2007 to 2010, the
statistics office said in a statement. The Federal
Government depends on oil exports for more than 80
percent of its revenue and 95 percent of foreign
exchange income.....more>>
Oil marketers yesterday
raised an alarm over the kerosene scarcity currently
being experienced across the country, saying that the
household product was not enough to meet the nation’s
demand....more>>
Members of the
Organisation of the Petroleum Exporting Countries are
holding consultations over the oil market in light of
the Libyan
turmoil, the Kuwaiti oil minister said on Tuesday...more>>
Members of the
Organisation of the Petroleum Exporting Countries are
holding consultations over the oil market in light of
the Libyan
turmoil, the Kuwaiti oil minister said on Tuesday...more>>
Nigeria’s billionaire
business mogul, Dr. Mike Adenuga Jnr, has won Shell’s
most prolific onshore oil block - Oil Mining Lease (OML)
30 - emerging the third indigenous investor to clinch
Shell’s asset in the company’s ongoing divestment
programme, aimed at growing indigenous companies in the
country...more>>
Global Energy
watchdog, the International Energy Agency (IEA) said the
Organisation of Petroleum Exporting Countries (OPEC) may
earn more than $1 trillion from oil exports if crude
prices remain above $100/barrel this year....more>>
Nigerians may be in
for difficult times as prices of diesel and kerosene
rise dramatically, thus threatening companies’ earnings
and employment. The development may also deflate
government’s effort to contain inflation...more>>
THE Department of
Petroleum Resources (DPR) at the weekend ended its
campaign against adulteration of petroleum products in
Delta, Edo, Ondo and Ekiti states, alerting the public
on cases of kerosine explosions..more>>
Shell Begins
Maintenance Work at Bonga Oil Field
Shell Nigeria
Explorationand Production Company (SNEPCo) has commenced
maintenance work at the Floating, Production, Storage
and Offloading (FPSO) facility of its 225,000 capacity
Bonga deepwater fields.more>>
Africa oil supply
forecast is to average 2.69 million barrel per day (mb/d)
in 2011, representing an increase of 90 thousand barrels
per day (tb/d) from the previous year and a minor upward
revision of 10tb/d compared with the previous month,
Ghana remains the main driver of growth in 2011
supported by the Jubilee oil development. On a quarterly
basis, Africa supply is seen to average 2.64mb/d,
2.68mb/d, 2.70mb/d and 2.75mb/d, respectively, even as
the Organisation of Petroleum Exporting Countries (OPEC)
noted the continued difference in key benchmarks...more>>
The Nigerian National
Petroleum Corporation (NNPC) may have decided to go back
to the drawing board in order to find a lasting solution
to the nation's ailing refineries. BusinessDay gathered
that the Corporation is currently in talks to re-engage
the original EPC contractors for the various refining
entities. ...more>>
Nigerian oil exports set to rise
sharply in April
Nigerian crude oil
exports are expected to increase sharply in April after
several months of lower production due to maintenance at
key oilfields, trade and industry sources said on
Tuesday ...more>>
A
Nigerian oil firm, Vertex Energy, last week made Shell
an offer it could not refuse for the acquisition of
swamp Block OML 40, effectively removing the license
from a list of four currently under auction in the oil
major’s second divestment programme....more>>
The
omni-bus Petroleum Industry Bill, designed to drive the
operations of Nigeria’s oil and gas industry, will be
passed within weeks, a presidential aide said on
Tuesday. Emmanuel Egbogah, the Senior Special Assistant
on Petroleum Matters, said this at the 2011 Nigerian Oil
and Gas (NOG-11) strategic conference in Abuja....more>>
The
Federal Government has worked out a dividend paying
formula for oil producing communities and is expected to
make an annual payment of $1.1 billion to the
communities, the special adviser to the president on
petroleum matters, Emmanuel Egbogah, has informed....more>>
Shell Shortlists Industry Giants
for Oil Blocks
The
planned sale of some oil blocks belonging to Shell
Petroleum Development Company and its foreign partners
under the NNPC/Shell joint venture got underway in
Shell's London office last Thursday with the opening of
negotiations with four of the companies that bid for the
oil blocks being offered for sale....more>>
ExxonMobil Oil Reserve Base Hits
24.8bn Barrels
United States supermajor and a key player in Nigerian
Oil and Gas Sector, ExxonMobil said its oil and gas
reserve additions last year more than doubled its
production levels, the biggest increase in more than a
decade....more>>
The
planned sale of some oil blocks belonging to Shell
Petroleum Development Company and its foreign partners
under the NNPC/Shell joint venture got underway in
Shell's London office last Thursday with the opening of
negotiations with four of the companies that bid for the
oil blocks being offered for sale..
more>>
Nigerian
crude oil differentials held
steady during
the week as it was
supported
by strong Asian
demand
via tender and limited
supplies."Qua
Iboe values, in
particular,
are being held up by shorts into Asia," said a West
African
crude oil trader with a large
US
oil company..
more>>
Nigeria
crude gets strong support
from
Asian companie
Nigerian
crude oil differentials held
steady during
the week as it was
supported
by strong Asian
demand
via tender and limited
supplies."Qua
Iboe values, in
particular,
are being held up by shorts into Asia," said a West
African
crude oil trader with a large
US
oil company..
more>>
Oil prices may soon
hit $75, says Australian bank
CRUDE
oil prices may rise to $75 a barrel, recouping a
week's losses, before the market revisits chart
support around $70, said National Australia Bank
Limited.
more>>
Oil
prices fall to near $81 on
reports
of warmer weather
OIL
prices fell to near $81 a barrel yesterday on
expectations that the frigid cold spell in parts
of the U.S., Europe and Asia will ease in coming weeks,
weakening crude demand.
more>>
Oil prices rise
above $80 in early
year trading
CRUDE oil prices
rose for an eighth day, trading above $80 a barrel for
the first time in seven weeks, as freezing weather and
improving economic prospects around the world boosted
the outlook for fuel demand.
more>>
Oil prices rise
above $77 as traders eye dollar, demand
OIL prices rose
above $77 a barrel yesterday, helped by a weaker U.S.
dollar and forecasts indicating global crude demand
will improve next year.
more>>
FG: Oil
Companies Must Build Refineries
Investment in the
downstream sector, particularly in refinery projects,
is now the condition for issuance and renewal of
concessions and oil licences to International Oil
Companies (IOCs) in Nigeria.
more>>
NNPC:
Deregulation Not Fuel Price Hike
The Nigerian
National Petroleum Corporation (NNPC) yesterday
declared that the planned deregulation of the
downstream sector of the petroleum industry would not
necessarily lead to a hike in the prices of petroleum
products as generally believed.
more>>
Oil prices
flatten as Hurricane Ida worries ease
WORLD oil prices
flattened yesterday as worries subsided over the
potential threat posed by Hurricane Ida to petroleum
installations in the US Gulf of Mexico, analysts said.
more>>
Deregulation
will reduce product prices, says presidential aide
THE Special
Adviser to the President on Petroleum Matters, Dr
Emmanuel Egbogha, at the weekend reassured Nigerians
that the proposed deregulation of the downstream
sector would reduce prices of petroleum products.
more>>
Oil prices slip
below $80 as U.S. dollar strengthens
OIL prices slipped
below $80 a barrel yesterday as the U.S. dollar
strengthened, making commodities like crude more
expensive for international investors.
more>>
Oil prices rise
ahead U.S. energy report
W ORLD oil prices
rose back above $80 yesterday, as investors turned
their attention to an upcoming United States energy
inventory report.
more>>
Chinese
manufacturing data boosts oil prices
WORLD oil prices rallied
yesterday, partly boosted by positive manufacturing
data from China, which is the world's second biggest
energy consuming nation after the United States.
more>>
Govt denies fuel
price hike, uncertainty
lingers
REGULATORS of the
petroleum industry yesterday reacted to the
latest rumbling in the sector, which assumed a
worrisome dimension at the weekend as long queues
returned to filling stations across the country.
more>>
|
Oil prices hover
below $79 after three-day slide
OIL prices lingered
below $79 a barrel yesterday in Asia after three days
of losses as investors eyed a volatile U.S. dollar.
...more>>
Oil prices slip
on profit-taking, ceasefire in Nigeria
OIL prices fell
yesterday, on profit taking and as a ceasefire took
hold in Nigeria whose crude production has been
ravaged by militant attacks in recent years, analysts
said.
more>>
Airlines
operators seek govt's aid over fuel cost, others
AS a way out of
their predicament, airline operators in the
country have appealed for a special financing package
in a form of soft loan at a low interest rate and with
extended payment period.
more>>
Oil prices slip,
retreating from 2009 high
OIL prices slipped
below $81 a barrel yesterday, retreating from a 2009
high, as a wobbly U.S. dollar steadied against other
currencies.
more>>
Fuel subsidy may
hit N1 trillion
CONTROVERSY
trailing the proposed deregulation agenda of the
Federal Government, yesterday, took another dimension
as oil marketers in the nation's downstream seems to
have agreed with government on the need to hands-off
the control of the industry to foster competition.
more>>
Deregulation:
Govt Moves Against Sabotage
The Federal
Government yesterday moved to checkmate those who may
want to scuttle fuel supply in the country ahead of the
planned January 2010 take-off of the deregulation of
the downstream sector of the petroleum industry.
more>>
Petroleum bill:
Govt, local oil firms hold talk on grey areas today
THE indigenous oil and
gas companies including the marginal field operators
in the country will be meeting with the Oil and Gas
Reform Implementation Committee (OGIC) and top
officials of the Nigerian National Petroleum
Corporation (NNPC), over the controversial Petroleum
Industry Bill (PIB) today, in Abuja.
more>>
Nigeria installs
$25 million reception, management plant for vessels'
waste
IMPLEMENTATION of
the International Convention for the Prevention of
Marine Pollution from Ships (MARPOL) was given a boost
in Nigeria where a plant for the reception and
management of waste from vessels had been technically
commissioned for full operations. The plant is now
receiving and treating waste received from visiting
vessels into the Lagos ports in compliance with the
international treaty which Nigeria has since approved.
more>>
W’African Gas
Pipeline Now to Gulp $1bn
Setbacks owing to
the years of unrest in the Niger Delta region and the
delay in execution of the Chevron-operated West African
Gas Pipeline project, initially estimated to cost $620
million, THISDAY reliably learnt, may have pushed up
the cost to about $1billion.
more>>
NNPC moves to
check fuel hoarding
A MAJOR drive to
curb fuel hoarding and attendant scarcity nationwide
was undertaken at the weekend by the Nigerian National
Petroleum Corporate (NNPC).
more>>
NNPC needs N462b
for gas projects
ANGLO-DUTCH oil
firm, the Shell Petroleum Development Company of
Nigeria Limited (SPDC), said it required $3billion
(about N462 billion) to effectively tackle complete
gas flare-out from its operations in the Niger Delta
region of the country.
more>>
PENGASSAN plans
private refinery with other unions
THE Petroleum and
Natural Gas Senior Staff Association of Nigeria (PENGASSAN),
is set to bid for a refinery licence in the country,
going by a statement from its National President, Mr
Babatunde Ogun.
more>>
NNPC assures of
adequate fuel supply
THE Management of
the Nigerian National Petroleum Corporation
(NNPC) at the weekend assured the Nigerian public that
there is no imminent scarcity of petroleum products.
more>>
Govt woos
foreign investors in Nigerian oil, gas sector
POISED
to boost the trade relationship with various countries
of the world and exploit the potentials in the
nation's oil and gas sector, the Federal Government is
seeking investment from foreigners in the nation's oil
and gas industry.
more>>
NNPC begins new
search for oil in Chad Basin with $232 million
FRESH round of
exploration for oil and gas in the Lake Chad Basin has
commenced, with the Nigerian National Petroleum
Corporation (NNPC) earmarking $232 million for the
first phase of the exercise.
more>>
Oando adopts
electronic payment system
INDIGENOUS oil
marketer, Oando Marketing Limited (OML), a subsidiary
of Oando Plc, has concluded plans to hit the nation's
petroleum industry with a new electronic payment
solution called "PAYDirect" for dealers come next
month.
more>>
Oil prices rise
above $69 after upbeat U.S. data
OIL prices rose
above $69 a barrel yesterday, as better-than-expected
U.S. retail sales figures fueled investors' hopes for
a global economic recovery, defying concerns about
weak crude demand.
more>>
Maritime: FG
Stresses Importance of Capacity Building
The Federal Government
has reiterated the need for commitment in training in
its effort to build a national indigenous fleet with
skilled and efficient manpower that would establish
Nigeria as a regional maritime power.
more>>
Maritime
journalist, Mikhail Voitenko, flees
THE
story of the Arctic Sea, the cargo ship,
which was supposedly hijacked at the end of July and
then mysteriously disappeared, has taken a sinister
turn. Mikhail Voitenko, the Russian maritime
journalist who first alerted the world to the ship's
disappearance and then claimed that it might be
carrying a secret arms shipment from the Kremlin, has
fled from Russia to Turkey, fearing for his safety.
more>>
Oil prices
sustain rising profile as weaker dollar boosts demand
CRUDE oil rose for
a second straight day as a weaker dollar encouraged
buying of commodities and stronger equity markets
signaled optimism that the economic recovery is
proceeding.
more>>
Oil prices
steady above $68
Oil prices
ticked up above $68 a barrel on Friday in relatively
thin dealing as investors awaited jobs data from the
United States to provide some insight into the health
of the world's top economy.
more>>
PPMC assures on
aviation fuel
THE Pipelines and
Products Marketing Company (PPMC) says it has a large
stock of aviation fuel.
more>>
OPEC will
maintain crude oil production targets, says President
Organisation of
Petroleum Exporting Countries (OPEC) will leave oil
production targets unchanged when it meets next week
in Vienna after prices recovered, the group's
president said.
more>>
How to improve
supply of petroleum products, by NACCIMA
THE
National Association of Chambers of Commerce, Industry,
Mines and Agriculture (NACCIMA), has prescribed
immediate, short, medium, and long-term solutions to
the perennial scarcity of some petroleum products in
the country, with focus on black oil, diesel and gas.
more>>
Oil prices
drop to $71 as Chinese stocks fall
OIL prices
fell by more than two per cent to around $71 a barrel
yesterday, as a drop in China's key stock index stoked
worries about the pace of economic recovery and a
revival in energy demand.
more>>
NIMASA Unveils
5-Point Agenda
Amidst insinuation
in some quarters that it is yet to make public its
action plan, the new management of the Nigerian
Maritime Administration and Safety Agency (NIMASA) has
unveiled a five-point 10-year strategic agenda to turn
around the fortunes of the maritime industry.
more>>
FG: Nigeria’s
Oil Reserves Rebound, Now 37bn Barrels
The Federal Government
has disclosed that the nation’s current crude oil
reserves stand at 37 billion barrels. The reserves,
which stood at 35 billion barrels before the Niger
Delta crisis escalated, dropped to 32 billion barrels
at the height of the crisis.
more>>
NLNG, IOC get
deadline to tackle cooking gas scarcity
A TWO-week
ultimatum has been handed down to the Nigerian
Liquefied Natural Gas Company (NLNG) and the
international oil companies (IOC) to provide immediate
and short-term solution to the scarcity of cooking gas
in the country.
more>>
Govt moves to
improve gas supply to meet 6000mw target in December
TO meet the
December 31, 2009 target of 6000 megawatt of
electricity generation in Nigeria, the Federal
Government has commenced plans to improve on gas
supply.
more>>
Oil firms review new
investment strategy ahead of petroleum bill
STRONG
indications emerged yesterday that oil firms in Nigeria
are reviewing their future investment portfolio
especially in the deep offshore sector ahead of the
passage of the Petroleum Industry Bill (PIB) aimed at
reforming the nation's petroleum industry.
more>>
Oil prices
near $75 as equities, commodities rally
Crude-oil
futures rose yesterday, nearing the psychologically
important price of $75 a barrel as equities and
commodities markets continued to rally on recovery
hopes.
more>>
Oil
Blocks Cancellation: Korean Firm to Know Fate August 20
The presiding Judge
of a Federal High Court sitting in Abuja, Justice Abdullahi
Mustapha, will on Thursday, August 20 decide whether
President Umaru Musa Yar'Adua legally revoked two oil
exploration licences from Korea National Oil
Corporation (KNOC).
more>>
Crude oil
futures fall by four per cent on uncertain economic
outlook
CRUDE oil
futures sank more than 4 per cent Friday as confidence
in the speed of economic and oil demand recovery was
shaken.
more>>
Oil prices
rise above $71 as IEA boosts demand outlook
OIL prices
rose to near $71 a barrel yesterday after the
International Energy Agency boosted its global crude
demand forecast. more>>
Govt
adopts new accounting system for oil export
MORE than 50
years after Nigeria commenced exploration production
and export of crude oil and gas, government has
initiated computarisation of activities in all the
nation's export terminals, with a view to check acts of
illegalities currently causing shortfall in oil export
in the country.
more>>
NIMASA calls for
full understanding of Nigeria's maritime domain
THE Director
General of the Nigerian Maritime Administration and
Safety Agency (NIMASA), Barrister Raymond Omatseye, has
emphasized the need for thorough understanding of the
nation's maritime domain for effective implementation
of the National Inland and Coastal Shipping (Cabotage)
Act policy.
more>>
Cabotage:
Indigenous Shipowners Worried over Threat of Foreign
Operators
As indigenous operators
in the maritime industry continue to test the efficacy
of the provisions in the Coastal and Inland Shipping
Act 2003,
more>>
Nigeria
enforces Cabotage Act, bars foreign vessels
WITH a recent
order of interim injunction made by a Federal High
Court, Lagos, entrapping a foreign ship, Lovell Sea,
from sailing or leaving her present location at Ibafo
1 Jetty, Apapa Port, Lagos, pending the hearing and
determination of motion on notice, Nigerian
authorities have started enforcing the Cabotage Act,
which came into effect in 2003.
more>>
Oil edges
down near $71 before U.S. July jobs data
OIL edged
down on Friday from a six-week high as markets looked
to upcoming U.S. July employment data for clues on
whether the U.S. economy could be emerging from
recession.
more>>
NNPC
still drives local content project, says Ajuonuma
THE
Nigerian National Petroleum Corporation (NNPC) has
insisted that the control of the implementation of the
local content policy in the oil and gas industry was
still under its jurisdiction.
more>>
Kerosene
Scarcity Hits Nigeria as Marketers Shun Importation
There has been an
acute scarcity of kerosene in most parts of the
country as the major marketers of petroleum products
and other independent importers have shunned
importation of the product, THISDAY has learnt.
more>>
Lukman: No Going
Back on Review of Oil Contracts
The Federal
Government will proceed with the planned review of the
Production Sharing Contracts (PSCs), notwithstanding
the controversy trailing the exercise, the Minister of
Petroleum Resources, Dr. Rilwanu Lukman, has said.more>>
Recession Won’t Affect Trans-Sahara Gas Pipeline’
"Group Managing Director, Nigerian National Petroleum Corporation (NNPC), Mr Mohammed Barkindo, had said that the economic recession will not affect on-going Trans-Saharan gas pipeline project.
Barkindo said this yesterday in Abuja, when Chief Executive Officer of Sonatrac, the Algerian cement company, Mr Mohammed Meziane, led a delegation to his office.." .more>>.
Oil,Gas Sector Reform: Lukman Seeks Senate’s Support
"Minister of Petroleum Resources, Rilwan Lukman, yesterday solicited Senate's support to push through the reform the Petroleum Industry Bill (PIB) seeks to legalise. .." .more>>.
Oil prices rise above $35 amid grim economic news
"MARKETS shrugged off a steady barrage of grim U.S. economic news to push oil prices above $35 a barrel yesterday, with a drop in the dollar encouraging investors to buy crude..." .more>>.
Oil price plunge raises risk of big slowdown
"The slump in oil prices from last summer’s record highs has raised the risk that Africa’s biggest crude exporter will witness a sharp slowdown in growth in spite of its more robust defences.." .more>>.
JTF Recovers N1.13bn Stolen Crude Oil
"Crude oil estimated to be worth about N1.13 billion was recovered by the security Joint Task Force (JTF) code-named “Operation Restore Hope” in the coastal area of Warri, Delta State.
.." .more>>.
Govt opts for deregulation, to drop fuel subsidy
"NIGERIANS may soon pay more for fuel if the Federal Government goes ahead with the planned full deregulation of the oil and gas sector..." .more>>.
Govt to roll out sanctions against oil "The gruelling oil spill and consequent environmental degradation that had over the years assailed good living, especially in the nation's Niger Delta region, may soon be addressed, as Federal Government yesterday, unfolded plans to legislate against the unsavoury phenomenon.." .more>>.
Risk exposure increases, as more insurers venture into oil & gas "The successful con clusion in the in surance industry recapitalisation and consolidation has offered players a platform to lunch themselves in the volatile oil and gas business. With huge capital accumulation by players following the exercise, it is now easier for them to test their strength in the market, which it once dreaded as a result of low capacity. ." .more>>.
Maritime Industry: Ship-owners Seek Policy Stability
"Nigerian ship-owners, under the aegis of Indigenous Ship-owners Association of Nigeria (ISAN), have expressed dismay over the frequent changes in the leadership of government agencies in the maritime industry, even as they called for stability of programmes and policies in the sector.." .more>>.
ExxonMobil Seeks Stable Oil Polices in Nigeria
"Chairman and Managing Director, of ExxonMobil's upstream subsidiaries in Nigeria, Mr. Mark Ward has stressed the need for stable oil and gas policies in Nigeria, stressing that the importance of stable energy policies that support long-range thinking, encourage long-term investment to allow the industry to develop an integrated set of solutions for increasing energy diversity and energy efficiency cannot be over-emphasised.." .more>>.
overnment cancels Korean oil exploration deal
"The Federal Government has cancelled exploration rights at two major offshore oilfields awarded to a South Korean consortium in 2005, members of the group said yesterday, dealing a blow to Seoul’s efforts to raise its reserves.
." .more>>.
Shell records $2.81b loss
"ROYAL Dutch Shell Plc, Europe's largest oil company, yesterday said it recorded a net loss of $2.81 billion in the fourth quarter, as the price of oil fell sharply and it wrote down the value of inventory." .more>>.
FG Sets Up C’ttee on Oil Workers’ Demand
"The Federal Government has agreed to raise a committee to address the complaints advanced by the two oil industry unions––National Union of Petroleum and Natural Gas Workers (NUPENG) and the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), even as the Nigeria Labour Congress (NLC) yesterday roundly rejected the N5 reduction in the pump price of fuel..." .more>>.
NNPC to join search for oil in $33bn deepwater zone
"Investments in Nigerian’s deepwater have hit $33 billion[4.8 trillion] even as the Nigerian National Petroleum Corporation [NNPC] hinted that it is now ready to be an active player in the capital intensive but high crude yielding oil province.." .more>>.
PPPRA Processes N139bn Subsidy Claims "The Petroleum Products Pricing Regulatory Agency (PPPRA) is currently processing documents for the payment of the N138.64billion subsidy claims by petroleum products marketers in the next few weeks.." more>>.
Return of Shell's oil exports may boosts gas supply to Europe, others
WITH the lifting of force majeure on crude oil off take by the Anglo-Dutch oil firms, Shell Petroleum Development Company of Nigeria (SPDC) and its sister company Shell Nigeria Exploration and Production Company (SNEPCO) the coast may have been cleared for Nigerian Liquefied Natural Gas Limited (NLNG) to raise its gas supply to Europe which is currently faced with acute shortage of gas amid severe winter.." more>>.
Senate Probes $5.9bn Escravos Gas Contract The Senate Committee on Gas Resources was yesterday told how Chevron Nigeria Limited allegedly inflated the Escravos Gas-to-Liquid (EGTL) project from $1.7 billion to $5.9 billion without due process. more>>.
|
|
 |
|
Oil Price Crash Delays 2009 Budget Indications have emerged as to why the presentation of the proposed 2009 budget to the National Assembly by the Federal Government was being delayed. s. ...more>>
Developing nations set $30b from IFC for onshore drilling
THE International Finance Corporation (IFC) has announced its first major equity investment in the onshore drilling of the petroleum sector in developing countries. more>>
Oil Blocks: ONGC Mittal Plans $4bn Refinery in Nigeria
As strong signals emerged that the Honourable Igo Aguma-led House of Representatives Ad-Hoc Committtee may recommend the revocation of oil blocks awarded during the 2006 oil blocks mini-. more
Gas shortage threatens N7 billion LPG project
CHALLENGES arising from the non-availability of gas may have taken its toll on the much-awaited N7 billion Liquefied Petroleum Gas (LPG) project belonging to the Nigerian Independent Petroleum Company (NIPCO). more
Brass LNG, OKLNG Take-Off Date Hopes that the multi-billion dollar Brass Liquefied Natural Gas (LNG) and the Olokola LNG (OKLNG) projects would come on stream latest by 2011 may have been dashed following Federal Government’s decision to place priority on more
Oil workers oppose planned sale of PPMC, NGC WORRIED by the planned sale of the Pipeline and Product Marketing Company (PPMC) and the Nigerian Gas Company (NGC), the National Union of Petroleum and Natural Gas Workers (NUPENG) and the Petroleum and Gas Senior Staff Association of Nigeria (PENGASSAN) have faulted the move.t more
Shell to Face Trial in US over Saro-Wiwa Oil giant, Royal Dutch Shell Petroleum, will go on trial in the United States on February 9, 2009 for alleged complicity in human rights abuses in the Niger Delta, THISDAY has learnt more
Impact of new guidelines for private refinery and downstream development WITH the vandalisation of the Channomi Creek crude oil pipeline last week, Nigeria may again be heading for epileptic supply in refined petroleum products for domestic need. The implication of this development is that crude oil supply to both Kaduna and Warri refineries would be stalled. That means the country would again have to content with massive importation of petroleum products to meet local demand.. more
NNPC improves fuel distribution NIGERIAN National Petroleum Corporation (NNPC) through its subsidiary, Pipeline and Product Marketing Company (PPMC), has recorded another improvement in fuel distribution during festive periods to consolidate its one-year performance of eliminating perennial fuel shortages nationwide. more
Oil Discovery: Brazil’s Petrobras Clarifies Procedurey Petrobras has clarified the mandatory procedures involved in the notification of signs of hydrocarbons (HC) to the National Petroleum Agency (ANP) and the story aired by Agencia Estado's Broadcast entitled "Petrobras Announces New Oil Discoveries to the ANP." more
Damaged Pipeline: PPMC Assures Products Availability The Pipeline Products Marketing Company (PPMC) has assured Nigerians that the rupture of Chanomi Creek Pipeline, the feeder pipeline supplying crude oil to the Warri and Kaduna . more
El-kanemi calls for fast-track oil exploration in the North THE Shehu of Borno, Alhaji Mustapha El-Kanemi, has called on the Conference of Northern Nigeria Chambers of Commerce, Industry, Mines and Agriculture to fast-track the exploration of oil in the North.r.. more
Oil prices fall below $94 on U.S. jobs data OIL fell below $94 a barrel on Friday, after report showed U.S. employers slashed jobs in September, the latest indication of the weakening economy of the world's largest oil consumer.. more
Holiday for Ramadan, independence THE Federal Government has declared Monday and Tuesday, September 29 and 30, 2008 as public holidays to mark the Moslem end of Ramadan fasting. more
Indigenous firm gets approval to develop offshore field Nigerians anxiously aw-aiting President Umaru Musa Yar’Adua’s new cabinet will have to wait a little more.
However, the list of the prospective ministers is ready and only waiting for the Senate, which is at present on recess, for the confirmation of the nominees. more>>
Expert advises govt, NNPC to overhaul oil and gas pipeline network
THERE is a need for the Federal Government and the Nigerian National Petroleum Corporation (NNPC) to carry out comprehensive repairs and adjustments in the oil and gas pipeline networks in the country to prevent oil bunkering, militancy, pipeline vandalisation, rupture of oil and gas pipelines as well as reduce fire outbreak with their attendant negative socio-economic consequences.i more>>.
Oil prices fall below $39 on U.S. economic downturn
CRUDE oil prices fell below $39 yesterday on a string of data confirming United States (U.S.) economic downturn. i more>>.
Nigeria oil reserve may dry up in 50 years, says DPR
EVEN though optimists in the energy sector have flayed the insinuations that the nation's oil reserve would dry up in the next 50 years, reports from the Department of Petroleum Resources (DPR) recently suggest that the woe may still take effect on the country if the current trend in the industry continues. i more>>.
Oil prices rise to $49 as OPEC readies output cut
Oil service contractors have accused Department for Petroleum Resources (DPR) of charging them excessively in the registration and issuance of operation permi more>>.
NNPC to invest N58b in Chad Basin's oil search
THE Nigerian National Petroleum Corporation (NNPC) is to invest around $500 million, about (N58 billion), in the resumption of oil and gas exploration in the Lake Chad Basin. more>>.
DPR shuts six fuel stations as scarcity hits P'Harcourt "THE Department of Petroleum Resources (DPR) yesterday accused marketers of premium motor spirit (PMS) of sabotaging government's effort at making petroleum products always available in the country. .".more>>.
Oando acquires 30% in interest in Akepo oil field
"Oando Exploration and Production Limited (OEPL), the upstream arm of Oando plc, has announced the acquisition of 75 percent interest in Exiles Resources’ 40 percent working interest in the Akepo Field through the signing of a Financial and Technical Services Agreement.." more>>.
Acorn Petroleum Plc "ACORN Petroleum Plc has announced the appointment of Adetokunbo Ogunmokun and Adebisi Sola-Adeyemi as the Chief Finance Officer and Company Secretary/Chief Legal Officer respectively..".more>>.
Minister advocates cleaner fossil fuel technology MINISTER of State for Energy (Petroleum), Odein Ajumogobia has advocated the development and use of cleaner fossil fuel technology by Nigeria's oil and gas industry more>>.
Minister advocates cleaner fossil fuel technology THE NNPC, Agip Nigeria, and Conocphillips, the joint venture (JV) partners in the Kwale/Okpi Clean Development Mechanism (CDM) project are to share the credit from its gas emission reduction more>>.
Oil’s Not Well Ahead of OPEC Meetings Crude oil prices dropped below $68 a barrel yesterday, ahead of tomorrow’s meeting of the Organisation of Petroleum Exporting Countries (OPEC). more>>.
FG Must Reduce Fuel Price, NUPENG Insists "The National Union of Petroleum and Natural Gas (NUPENG) has called on the Federal Government to reduce the price of Premium Motor Spirit (PMS) - commonly known as petrol in line with the fast in the price of crude oil in the international market. .".more>>
Fg releases 138.64bn outstanding oil subsidy
"Anxiety of petroleum products marketers was over the weekend doused with the release of N138.64 billion outstanding subsidy to Petroleum Products Pricing Regulatory Agency (PPPRA) for June to October 2008 supplies." more>>.
DPR to Clamp Down on Illegal Tank Farms "Department of Petroleum Resources (DPR), has concluded plans to clamp down on illegal tank farms in Apapa, Lagos State. .".more>>.
Agip,
Saipem get 3-day ultimatum to quit N/ Delta
"Crude oil production in the oil rich
Niger Delta could suffer further setback, as two
oil majors, Nigeria Agip Oil Company (NAOC) and
Saipem have been given until Friday, this week,
to quit the region. The crisis in the Niger
Delta has led to large shut in oil production,
attacks on oil facilities and kidnapping of oil
workers, thereby causing increasing insecurity,
which has made many oil companies to relocate
from the region.
." .more>>.
N’Delta Crisis: Shell Shuts in 180,000bpd
"The unabated crisis in the oil-rich Niger
Delta has continued to take its toll on
Shell Petroleum Development and Production
Company (SPDC) and Nigeria’s oil revenue, as
the company has been forced to shut in
production of 180,000 barrels per day (“bpd)
of oil following renewed attacks on its
facilities.
." .more>>.
Reps list would-be gains of Brass LNG,
salute host community
"Igo Aguma, chairman, House of
Representatives committee on gas resources,
has said the multi-billion dollars Brass
Liquefied Natural Gas project on Brass
Island, Bayelsa State, when completed would
not only address the issue of militancy in
the oil-rich Niger Delta, but would help to
shore up the nation’s foreign exchange
through the export of gas to other
nations.." .more>>.
Warri Refinery commences ship-loading of
cooking gas
"Warri Refining and Petrochemical Company
(WRPC), has commenced ship-loading of
cooking gas in its effort to meet the needs
of its consumers. The Managing Director of
WRPC, Andy Yakubu, told News Agency of
Nigeria (NAN) in Warri that the ship-loading
of the gas, also known as EPG, was being
done for the first time in the history of
the refinery." .more>>.
Nigeria loses new oil and gas investments to
Angola, Ghana
"There are strong indications that
investment inflow to the upstream sub-sector
of the Nigerian oil industry has started
dwindling as foreign investors now choose
Angola and Ghana as preferred destinations
over Nigeria." .more>>.
Shipping chamber holds yearly lecture,
recognition award
"THE Nigerian Chamber of Shipping Annual
Lecture and Maritime Recognition Awards for
this year have been fixed for Thursday,
February 12, 2009 at the Civic Centre,
Lagos. It would be graced by the Speaker of
the House of Representatives, Mr. Dimeji
Bankole as the special guest of honour.." .more>>.
Warri Refinery Begins Supply of Cooking Gas
Warri Refinery and Petrochemical Company
(WRPC) has commennced massive take-off of
Liquefied Petroleum Gas (LPG), also known as
cooking gas from its plants, a development
which will make the product affordable to
users nationwide.." .more>>.
OPEC Delays 35 Oil Projects to Boost Prices
"The declining oil prices, owing to the
financial crisis which erodes world demand
for crude oil, has forced the Organisation
of Petroleum Expor-ting Countries (OPEC) to
delay 35 oil projects till after 2013.." .more>>.
Oil workers begin shut down of export
terminals today
"Oil workers under the aegis of the
Petroleum and Natural Gas Senior Staff
Association (PENGASSAN) and National Union
of Petroleum and Natural Gas Workers
(NUPENG) have directed all their members to
shut down oil terminals and halt oil
production in the country." .more>>.
DPR wants yearly allocation of oil blocks
stopped
"AS part of its strategies to sanitise the
oil blocks allocation process in the
country, the Department of Petroleum
Resources (DPR) has asked the National
Assembly to enact a law halting the yearly
allocation of blocks.." .more>>.
Why refineries are not working, by Barkindo
"POOR management has been identified as
major factor hindering the smooth operation
of Nigeria's refineries. Other causes of the
persistent crisis in the country's oil
industry, according to the Group Managing
Director of the Nigerian National Petroleum
Corporation (NNPC), Mr. Mohammed Barkindo,
include sabotage, pipeline vandalism and
theft of crude oil.."
.more>>.
NNPC to join search for oil in $33bn
deepwater zone
"Investments in Nigerian’s deepwater have
hit $33 billion[4.8 trillion] even as the
Nigerian National Petroleum Corporation
[NNPC] hinted that it is now ready to be an
active player in the capital intensive but
high crude yielding oil province.." .more>>.
NLC threatens strike over new fuel price
"THE relative industrial peace in the
country may soon come under threat as the
Nigeria Labour Congress (NLC) has expressed
intention to declare a nationwide strike if
the federal government sanctions the
deregulation of petroleum products' prices.
.".more>>.
Acorn Petroleum goes upstream soon
"With the attainment of ISO 9000; 2000,
Acorn Petroleum, one of the emerging players
in the downstream sector of the oil and gas
industry, is set to expand it business
beyond the downstream and take shot at
exploration and production, which would have
made it a fully integrated oil and gas
company. Though the company says its
attainment of the certificate is not based
on the commercia based of it activities, but
rather about the sustainability of its
platform, and being counted among the best
companies around. .".more>>.
Indigenous Shippers to Acquire Crude Oil
Carrier
"The Indigenous Shipow-ners Association of
Nigeria (ISAN) will this weekend honour four
personalities who pioneered indigenous ship
owning in the country, just as it has
concluded plans to acquire a crude oil
tanker. .".more>>.
Petrol now N65 a litre
"THE rumblings over fuel prices may have
been calmed yesterday with the introduction
of yet another price regime with the Federal
Government slashing off N5 to bring the
premium motor spirit (PMS) otherwise known
as petrol, to N65 per litre. This reduction
takes immediate effect. .".more>>.
Nigerian ship owners float N1b shipping firm
"MEMBERS of the Nigerian Indigenous Ship
Owners Association have registered a
shipping company, to enhance their
competitiveness in the maritime business.
.".more>>.
Nigerian ship owners float N1b shipping firm
"MEMBERS of the Nigerian Indigenous Ship
Owners Association have registered a
shipping company, to enhance their
competitiveness in the maritime business.
.".more>>.
Govt may stop Indian firm from further oil
exploration bid in Nigeria
"UNLESS the Indian owned oil giant,
ONGC-Mittal Energy Limited (OMEL) fulfills
its promise to invest in Nigeria's
infrastructure, indications have emerged
that the Federal Government may not allow it
explore for oil and gas at any further
hydrocarbon blocks in the country..".more>>.
Nigerian Agip appoints two new directors
"NIGERIAN Agip Oil Company Limited (NAOC)
recently announced the appointment of Dr.
Daru Owei as deputy managing director and
Mrs. Olufunmilayo Goka as the new general
manager, Public Affairs - the first woman to
attain the status in the company's 50 years
history in Nigeria..".more>>.
Shell lifts force majeure on Nigeria’s
400,000 bpd
"Royal Dutch Shell has lifted force
majeure on crude exports from its Bonny,
Forcados, and Bonga oil facilities. Force
majeure on crude exports from the facilities
was lifted on Wednesday, Rainer Winzenried,
a Shell spokesman said.."
more>>.
Oil service firms close shop over suspension
of projects
"More oil service companies, indigenous
and foreign owned, may be closing shop this
year due to government’s decision to suspend
some key projects that are critical to oil
and gas industry and the development of
local content.
."
more>>.
Lukman: FG to Review Fuel Prices
"Following the crash in the price of crude
oil in the international market and public
expectations that the condition should
translate to a downward review in the price
of refined petroleum products,."
more>>.
Oil prices rise on worries over Russian gas
flows
"CRUDE futures extended their rally
yesterday as Russia reduced natural gas
exports to Europe, which could increase
demand for oil as a replacement..
more>>.
Angola Takes Over as OPEC President
"Angola, OPEC’s newest member, took over
the group’s presidency last week as
producers implement a record output cut to
reverse last year’s slump in prices. .
more>>.
Shell Extinguishes Ogoniland Oil Well Fire
"Fire fighters at Shell Petroleum
Development Company (SPDC) last week
extinguished the raging fire that engulfed
one of the company’s dormant oil wells, Bomu
-44 in K-Dere of Ogoniland in Rivers State.
.
more>>.
DPR to Clamp Down on Contractors with Fake
Licences
"In a bid to tackle sharp practices going
on in the oil and gas sector of the economy,
the Department of Petroleum Resources (DPR)
has put in place measures to check
activities of oil contractors who operate
with forged licences in the country.."
more>>.
FG to float NNPC’s equity in capital market
this year
"The Nigerian National Petroleum
Corporation (NNPC) will this year lose its
state ownership status as it goes to the
stock market for Nigerians to subscribe to
its equity."
more>>.
Govt set to unbundle NNPC, scrap DPR
"THE Presidency has taken its drive to
unbundle the Nigerian National Petroleum
Corporation (NNPC) and scrap the Department
of Petroleum Resources (DPR) to the National
Assembly.."
more>>.
Gas Supply Disruptions: Oando to Partner NGC
on Stoppage
"As part of its long-term aspiration of
taking gas to all nooks and crannies of this
country, integrated energy solutions
provider, Oando Plc, is looking forward to
working with the Nigerian Gas Company (NGC)
to ensure that the incessant gas supply
disruptions are eliminated in the near
future.".more>>.
Nigeria’s Agbami lifts Chevron production
level by 10%
"Nigeria’s
Agbami oil field in the last
quarter of 2008 helped lift the production
level of Chevron Corporation. Its
international liquids production, for
instance, increased roughly by 10 percent,
primarily as a result of the completion of
the expansion project and yearly turnaround
activities at Tengiz Field in Kazakhstan,
along with the continued ramp-up of
production at the Agbami Field offshore
Nigeria.
."
more>>.
NUPENG, PENGASSAN Issue 21-day Ultimatum
"National Union of Petroleum and Natural
Gas Workers Union (NUPENG), Petroleum and
Natural Gas Senior Staff Association of
Nigeria (PENGASSAN), Department of Petroleum
Resources (DPR) branch, have issued a 21-day
ultimatum to the Federal Government to
rescind its decision to appoint a
pre-shipment inspector or risk industrial
action. ."
more>>.. |
|
