Petroleum marketers say the non-availability of Premium Motor Spirit in filling stations located in Lagos and Ogun states is as a result of a shortage in supply. Similarly, the Nigerian National Petroleum Company Limited (NNPCL) confirmed that there were no products in its Apapa depots. Saturday PUNCH reports that long queues resurfaced in filling stations across the two states on …

Senator Seriake Dickson representing Bayelsa West said some very important personalities (VIPs) from Lagos and the Federal Capital Territory (FCT), Abuja, are behind oil theft in Niger Delta. Dickson stated this in an interview on Channels Television on Friday. The two-term governor of Bayelsa State said the official system and oil companies are beneficiaries of oil theft in the Niger Delta. …

The Minister of State for Environment, Dr. Iziaq Salako has said that the ministry, in collaboration with the National Oil Spill Detection and Response Agency, would begin regular reviews of both international and indigenous oil companies’ plans to ensure alignment with the goal of ending routine gas flaring by 2030. Salako said this in Abuja on Tuesday at the national …

Savannah Energy PLC, the British independent energy company focused around the delivery of Projects that Matter, announces that it has signed separate Share Purchase Agreements with Sinopec International Petroleum Exploration and Production Corporation, and Jagal Ventures Limited to acquire 100 per cent of the outstanding share capital of Sinopec International Petroleum Exploration and Production Company (SIPEC) Nigeria Limited. Savannah also announced …

The Nigerian Navy, said on Wednesday, that it arrested three men at Ibaka in the Mbo Local Government Area of Akwa Ibom on Monday as they were ferrying 10,000 litres of petrol to neighbouring Cameroon. The Commanding Officer of the Navy Forward Operating Base (FOB), Ibaka, Navy  Captain Uche Aneke handed over the suspects, the boat, and the petrol to …

The Standards Organisation of Nigeria (SON) has approved standards for Compressed Natural Gas (CNG) use in the country. The national apex standards body said it took this step towards promoting safer, more reliable, and environmentally sustainable energy solutions. In an official announcement on Monday, SON revealed the approval of 80 standards for CNG use in road vehicles and related appliances …

The Federal Government has settled for fiscal incentives in the Oil and Gas Sector to attract investments. Special Adviser to the President of Energy, Mrs. Olu Verheijen disclosed this during the ministerial press briefing in Abuja on Friday. She said the government was seeking for ways to grow revenue and foreign exchange to stabilize our economy and currency. She said …

The Joint Military Task Force Operation Delta Safe, on Wednesday, uncovered two illegal oil bunkering sites in Samkiri, a settlement in the Degema Local Government Area of Rivers State. The task force also found 30 illegal refining camps operating in the area. On 13 February, the OPDS destroyed some illegal refining sites at Ataba, near Bonny, also in the state. …

The Forward Operating Base of the Nigerian Navy Igbokoda, Ondo State has destroyed an illegal refinery in Awoye community, in Ilaje Local Government Area of the state. The military said the development was part of its determination to checkmate criminal activities such as kidnapping, crude oil theft and illegal bunkering within the costal region of the state. The Commander, Forward …

President Bola Tinubu has issued policy directives to improve the investment climate and position Nigeria as the preferred investment destination for the oil and gas sector in Africa. In a statement on Wednesday, the Special Adviser to the President on Media and Publicity, Chief Ajuri Ngelale, following extensive engagements, analyses, and benchmarking with other jurisdictions, :the President has initiated the …