News

Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) seems to be on war path with the management of ExxonMobil over its plan to disengage its local workers. The association, in a statement by its president,…
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The Centre for Anti-Corruption and Open Leadership (CACOL) has lamented Nigeria’s over-reliance on oil and gas as the mainstay of its economy, almost 60 years after independence, saying that this has been responsible for much of the…
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Shell will be prosecuted for criminal charges relating to a $1.3 billion settlement for an oil exploration licence in Nigeria, the company said on Friday. The Dutch Public Prosecutor's Office (DPP) informed Shell it is nearing the…
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Stakeholders in the Nigerian oil and gas sector says the re-election of President Muhammadu Buhari is a good omen for the oil and gas sector. Some of the stakeholders including staff of the Nigerian National Petroleum Corporation (NNPC)…
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The Federation Accounts Allocation Committee (FAAC) has shared a total of N610.368 billion to the three tiers of government. According to a statement on Wednesday by the Director of Information at the Ministry of Finance, Hassan Dodo,…
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Yinson Holdings Bhd has bagged contracts worth US$901.79 million (RM3.67 billion) for the charter, operations and maintenance of a floating production storage and offloading (FPSO) vessel by First Exploration & Petroleum…
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The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, will today address foreign investors at the International Petroleum (IP) Week taking place in London, United Kingdom. Baru, who…
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The oil and gas sector of the Nigeria economy is responsible for 92.9 per cent of illicit financial flows (IFF) with over $217.7 billion said to have flowed out of the country between 1970 and 2008. This is contained in report…
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More than two years after the Nigerian National Petroleum Corporation reiterated its commitment to two Liquefied Natural Gas projects in the country, there is still uncertainty over whether the multibillion-dollar projects will come on…
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The Nigerian Navy has said that it recorded about thirty-four (34) pirate ship attacks in 2018, stating that evasive maneuver from the legal regime have been the bane in the fight against oil theft prosecution. Director of Training…
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