Department of Petroleum Resources (DPR) says it is formulating a Maximum Economic Recovery (MER) strategy for Nigeria to attain maximum value
Kano Electricity Distribution Company (KEDCO) has raised alarm over increasing theft of transformer oil and cables in its franchise.
The Major Oil Marketers Association of Nigeria (MOMAN) says Nigeria is gradually heading toward full deregulation of the Premium Motor Spirit (PMS) with the passage of the Petroleum Industry Bill (PIB). Mr Adetunji Oyebanji, Chairman, MOMAN, made the assertion during a panel session at the ongoing Nigeria Oil and Gas (NOG) conference and exhibition on
A former Minister of Information, Chief Edwin Clark, has warned that the people of the Niger Delta region will be forced to deny International Oil Companies (IOCs) access into oil bearing communities if the recent passed Petroleum Industry Bill is not amended or reviewed. He stated this position in an open letter he addressed to
Minister of State for Petroleum, Mr Timipreye Sylva, on Monday, declared that attacks on oil and gas facilities across the country had reduced significantly since 2014.https://scudnewsng.com The minister made the declaration at a Town Hall meeting on Protecting Oil and Gas Infrastructure in Abuja, on Monday. Sylva, who was represented by Mr Mele Kyari, Group
The leadership of Ijaw nation has solicited the support of the British government to break away from Nigeria.
Mr Joseph Obele, Chairman, Rivers State Chapter of the Independent Petroleum Marketers Association of Nigeria (IPMAN), has expressed his dissatisfaction over the three percent oil derivation take approved by the senate for oil producing communities. Obele, in a statement made available to newsmen on Thursday in Port Harcourt, said that the long-awaited Petroleum Industry Bill
Organisation of Petroleum Exporting Countries,’ OPEC’s, forecasts point to an oil supply deficit in August and in the rest of 2021 as economies recover from the pandemic, suggesting the group and its allies have room to raise output at a meeting this week.https://scudnewsng.com The organisation is returning 2.1 million barrels per day (bpd), about 2%
The Federal High Court, Abuja, has ordered the Mobil Producing Nigeria Unlimited and the Nigerian National Petroleum Corporation (NNPC) to pay the oil communities in Ibeno Local Government Area of Akwa Ibom a cumulative damage of 81.9 billion over oil spillage. Justice Taiwo Taiwo, in a judgment debt, ordered that the payment must be paid within 14 days,
The Nigerian Export Promotion Council (NEPC) says Nigeria will soon move away from total dependence on crude oil to exporting non-oil resources and products. Mr Joe Itah, the Regional Coordinator of the Council, South-South, said this during a One-Day Round Table Stakeholders’ forum on Cassava and Palm Producers in the Non-Oil Exports Sub-Sector in Yenagoa