Industry

The Senate Adhoc Committee on Petroleum Resources Upstream has said the Nigerian Navy and other security operatives have questions to answer about the massive oil theft going on in the Niger Delta.Q The Chairman of the Committee…
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* FG to inject 10m gas cylinders into circulation by end of 2022 The Minister of State, Petroleum, Chief Timipre Sylva, said yesterday that when the Petroleum Industry Act (PIA) fully takes off, it will provide for a 10-year…
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The Nigeria Customs Service (NCS), Seme Area Command, says it has seized 75,000 litres of petrol, within bushes along Seme and Badagry, in Lagos. Comptroller Bello Jibo, Customs Area Controller, said this in a statement by Mr…
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The President of Petroleum and Natural Gas Workers Association of Nigeria (PENGASSAN), Comrade Festus Osifo, Wednesday, said heads of the Nigerian Military, Police and other security agencies collude to steal crude oil in the Niger…
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The Hon. Speaker of the Federal House of Representatives, Femi Gbajabiamila says Nigeria can no longer condone the theft of its crude oil. He has therefore tasked those responsible for safeguarding the nation’s crude oil to end the…
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The House of Representatives has directed the Accountant- General of the Federation, Shell Petroleum Development Company (SPDC), Chevron Nigeria Limited, and other stakeholders to furnish it with relevant documents as it began the…
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In accordance with the Petroleum Industry Act of 2021, the Federal Government announced on Monday that the Nigeria Upstream Petroleum Host Community Development Trust Regulations had been formally bulletined. As required by Section…
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The Nigeria Security And Civil Defence Corps (NSCDC), Rivers State Command, Has Arrested 19 Suspects On Account Of Their Involvement In Oil Theft And Illegal Dealings In Petroleum Products. The state Commandant, Michael Ogar, while…
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The Nigerian National Petroleum Company Limited has stated that only the sum of N3.4tn is needed subsidise an average of 66.7 million litres of Premium Motor Spirit (petrol) consumed daily, as against the N4tn approved in the 2022…
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Nigerian National Petroleum Corporation Limited has said some West African and Central African countries have stopped importing petroleum products and depend solely on smuggled products from Nigeria. Umar Ajiya, the Chief Financial…
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