Oil & Gas (Page 65)

By Emmanuella Anokam The Nigerian National Petroleum Company Limited (NNPC Limited) on Tuesday engaged with the oil marketers and security agencies to find ways of addressing the lingering fuel crisis in the country. The engagement, held in Abuja at the instance of the NNPC Limited had in attendance the ChiefContinue Reading

By Emmanuella Anokam The Nigeria National Petroleum Company Limited (NNPCL) says it has taken over the operation of Production Sharing Contract (PSC) assets from Addax Petroleum Development Nigeria Limited. The NNPCL Chief Corporate Communications Officer, Garba Deen Muhammad, said in a statement on Tuesday that all closing obligations had beenContinue Reading

By Ella Anokam The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), has urged the Federal Government to revoke licences of oil marketers selling above approved pump price of Premium Motor Spirit (PMS). PENGASSAN said the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) should immediately mobilise itsContinue Reading

By Muhammad Nasir Bashir The price of Petroleum Motor Spirit (PMS) has risen to N340 per litre in Dutse, the Jigawa State Capital. The situation has subjected the residents, especially motorists, to chaos and hardships due to the scarcity of the commodity. A correspondent of the News Agency of NigeriaContinue Reading

By Emmanuella Anokam Residents and motorists in the Federal Capital Territory (FCT) and its environ have continued to lament the hardship being experienced as scarcity of Premium Motor Spirit (PMS), known as petrol worsened. A correspondent of the News Agency of Nigeria (NAN) who monitored the filling stations on FridayContinue Reading

By Emmanuella Anokam The Federal Government says the current Premium Motor Spirit (PMS) distribution hitch is heightened by the activities of cross-border smugglers who divert petroleum products to sell at higher prices in neighbouring countries. The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) made this known in an updateContinue Reading

By Emmanuella Anokam The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has underscored the need for accurate crude oil and natural gas production and revenue generation in line with the Petroleum Industry Act (PIA) 2021. Mr Gbenga Komolafe, Commission Chief Executive, NUPRC, made this known on Thursday in Abuja at theContinue Reading