The Group Managing Director of the NNPC Limited, Malam Mele Kyari has revealed that the consumption of petrol has declined by 30 per cent. During a press briefing by the Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun in Abuja on Friday, Kyari said the reduction is a result of the removal of the petrol subsidy …

Presidential candidate of the African Democratic Congress in the 2023 polls, Mr.Dumebi Kachikwu has urged President Bola Ahmed Tinubu to end crude oil theft in the country and prosecute all those involved. Addressing newsmen in Abuja, Kachikwu lamented over the growing rate of oil theft in the country, saying that Tantita should remain contractors of the pipeline surveillance since their …

The Nigerian Air Force (NAF) said it had carried out successful air missions on some illegal refining sites and terrorist hideouts in Rivers State and some areas in the Northeast respectively. This was contained in a statement by the force’s Director of Public Relations and Information, Air Commodore Edward Gabkwet, on Sunday in Abuja. The statement reads: “In continuation of …

The Nigerian Navy has set ablaze an arrested vessel, ‘MV Cecilia’ with about 350,000 litres of stolen automated gas oil, also known as diesel, in Woji, Obio/Akpor Local Government Area of Rivers State. The vessel was seized by personnel of the Nigerian Navy ship Pathfinder in Port Harcourt on Wednesday, 16th August 2023, while three suspects were arrested. The Commander …

A former Senior Special Assistant to the President (Office of the First Lady), Dr. Ike Neliaku has said that refineries across the country are not working because some persons deliberately frustrated it for selfish gains. In a chat with newsmen on Saturday, Neliaku described the state of the nation’s refineries as a shame, alleging that despite so much money that …

The Inter-Party Advisory Council (IPAC) has condemned the appointment of a Minister of State for Petroleum Resources from the oil-rich Niger Delta area. During Channels Television’s Sunrise Daily programme, described on Thursday, IPAC National Chairman, Alhaji Yabagi Sani descrivbed the appointment as a “wrong signal”. Senator Heineken Lokpobiri from Bayelsa State was announced on Wednesday as the Minister of State-designate …

Nigeria has resumed the export of about 220,000 barrels of crude oil per day at the Forcados terminal The terminal was shut for maintenance on 12 July 2023, after workers saw ‘fumes’ near a single buoy mooring where oil was being loaded onto a vessel. The development contributed partly to the inability of Nigeria to meet the quota of the …

The Committee of Baales and residents of Ibeju Lekki in Lagos State at the weekend commended the management of Dangote Refinery on its social responsibility initiatives. They expressed appreciation to the company for providing vital infrastructure for their communities, repairing all the entrance roads of the 15 host communities by grading, sand filling, and applying stone base and now community …

Eunisell, a prominent player in the oil and gas industry, has introduced a groundbreaking solution to reshape the Niger Delta’s oil and gas sector – the Early Production Facilities (EPFs). Strategically positioned in challenging onshore and remote swamp locales, these facilities are poised to expedite oil and gas production on new or marginal field developments, propelling rapid revenue and early …

The Independent Petroleum Marketers Association of Nigeria (IPMAN) said the price of Premium Motor Spirit (popularly known as fuel or petrol) would continue to increase as long as the United States Dollar rose in the foreign exchange market. Reacting to speculation of further fuel pump hikes, IPMAN National Chairman, Mr. Chinedu Okoronkwo told newsme that fuel price would keep soaring …