By Diana Omueza A former presidential candidate of the Action Democratic Congress (ADC), Dumebi Kachikwu has commended the Federal Government’s momentum towards curbing crude oil theft in the southern part of the country. Kachikwu said this in a statement on Tuesday in Abuja. He said this while reacting to theContinue Reading
By Emmanuella Anokam An oil theft situation assessment delegation deployed in the Niger Delta by President Bola Tinubu discovered an illegal oil connection on Saturday. From the illegal connection discovered at Owaza in Abia, Nigeria loses an average of 7.2 million dollars monthly, the Nigerian National Petroleum Company Ltd. (NNPCContinue Reading
By Emmanuella Anokam Critical stakeholders in the Niger Delta have lauded the Presidential Amnesty Programme (PAP) for bringing relative and sustainable peace for oil and gas activities to thrive in the region. The stakeholders, who unanimously commended the programme, said the situation had positively impacted the overall wellbeing of theContinue Reading
By Emmanuella Anokam The Nigeria Extractive Industries Transparency Initiative (NEITI) has welcomed with high expectations, the growing interest of the organised private sector, banks and financial institutions, in the implementation of beneficial ownership disclosures. Dr Orji Ogbonnaya Orji, Executive Secretary, NEITI, told a regional Conference of Member States of theContinue Reading
By Emmanuella Anokam Sen. Heineken Lokpobiri, Minister of State (Oil) Petroleum Resources, has assured Nigerians of increased oil production on a sustainable basis. Lokpobiri gave the assurance in Abuja on Monday while addressing stakeholders on his assumption of duty, shortly after taking his oath of office. The News Agency ofContinue Reading
By Emmanuella Anokam An economic expert, Dr Chijioke Ekechukwu, has lauded the emergency three billion dollars crude oil repayment loan secured by the National Petroleum Company Ltd. (NNPC Ltd) from Afreximbank to stabilise exchange rate. Ekechukwu said this in an interview with the News Agency of Nigeria (NAN) on SundayContinue Reading
By Emmanuella Anokam Amb. Gabriel Aduda, Permanent Secretary, Ministry of Petroleum Resources has signed Performance Contracts (PC) with the ministry’s directors to enhance accountability and advancement. Aduda, in a statement, on Saturday, signed by Mr Chris Ugwuegbulam, Assistant Director (Information) of the ministry urged the directors to diligently fulfill theirContinue Reading
By EricJames Ochigbo The Iranian Government has expressed its readiness to collaborate in developing Nigeria’s oil and gas downstream sector. The Iranian Ambassador to Nigeria, Muhammad Alibak, made this known when he hosted Rep. Ikenga Ugochinyere (PDP-Imo), Chairman, House Committee on Downstream Petroleum and Rep. Aliyu Mustapha (PDP-Kaduna state) inContinue Reading
By Emmanuella Anokam The Nigeria Upstream Petroleum Regulatory Authority (NUPRC) has confirmed that search and rescue operations of Personnel on Board (POB) of Seplat Energy’s capsised drilling rig in Delta have started and are still on-going. The drilling rig had capsised while in transit and was partially submerged at aboutContinue Reading
By Emmanuella Anokam The Nigeria Extractive Industries Transparency Initiative (NEITI) is reviewing its 2020-2021 reports of the oil, gas and mining industries for stakeholders’ input for approval and release. Dr Orji Ogbonnaya Orji, Executive Secretary, NEITI said this at the Stakeholders’ Roundtable for the Review and Approval of NEITI AuditContinue Reading
