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President Muhammadu Buhari on Thursday met behind closed doors with the Liberian President, George Weah.

President Buhari: Federal government to deliver four FIDs, tackle crude oil theft

The Federal Government says it has plans to deliver Final Investment Decisions (FIDs) on at least four key projects within the nation’s oil and gas industry by the end of last quarter of 2019.
The Nigerian Guild of Editors, NGE, yesterday, expressed optimism in the ability of the Group Managing Director of the Nigerian National Petroleum Corporation, NNPC, Mallam Mele Kyari to steer the corporation to enviable heights.

NNPC chief urges support from PENGASSAN, NUPENG

The Group Managing Director of the NNPC, Mallam Mele Kyari, has called on the oil and gas industry unions, the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) and the Nigerian Union of Petroleum and Natural Gas Workers (NUPENG), to support his management’s vision to reposition the corporation.

Oil theft: Nigeria loses 22 million barrels in six months – Edo governor

Edo State Governor Godwin Obaseki said the nation lost about 22 million barrels of its crude oil production to oil theft between January and June 2019.
The Minister of State for Petroleum Resources, Timipre Sylva, says Nigeria must bring down the cost of production of its crude oil as the country is currently a laughing stock in the way it runs business in the oil and gas sector.

Minister promises to reduce oil production cost

The Minister of State for Petroleum Resources, Chief Timipre Sylva, on Tuesday promised to reduce oil production cost in the country.
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Rivers Reps member laments Total operations’ relocation to Lagos

A member of the House of Representatives representing Degema/Bonny Federal Constituency, Mr Farah Dagogo, has raised the alarm over alleged moves by TOTAL Group to relocate its servicing companies from Egina Offshore Field Onne to Ladol Yard in Lagos State.

Report: 692 million barrels of crude oil produced in 2017

The Nigeria Extractive Industries Transparency Initiative (NEITI) says that 692 million barrels of crude oil was produced in the country in 2017.
The Nigerian Guild of Editors, NGE, yesterday, expressed optimism in the ability of the Group Managing Director of the Nigerian National Petroleum Corporation, NNPC, Mallam Mele Kyari to steer the corporation to enviable heights.

NNPC chief, DPR director, others to speak at NAEC conference

The Group Managing Director (GMD) of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari, is to lead other team of discussants to x-ray topical issues in oil and gas industry at the 2019 edition of the National Association of Energy Correspondents (NAEC) annual conference.

Federal government orders oil companies’ to clear debt owed stevedoring firms

The Federal Government has ordered the International Oil Companies (IOC) to clear all outstanding debt being owed stevedoring firms in the nation’s maritime sector.

HYPREP: 95 per cent Ogonis involved in Ogoniland clean-up

The Hydrocarbon Pollution Remediation Project (HYPREP) on Monday assured indigent Ogoni people of their full participation in the ongoing clean-up of oil impacted Ogoni communities in Rivers.

Femi Falana asks court to compel federal government to recover $40 billion, N481 billion

Human rights activist and Senior Advocate of Nigeria (SAN), Mr. Femi Falana, has filed a suit at the Federal High Court in Abuja seeking to compel President Muhammadu Buhari’s administration to recover the sum of $40 billion and N481 billion based on the audit of the extractive industry carried out by the Nigeria Extractive Industry Transparency Initiative (NEITI).
Tuoyo Omatsuli

N3.6 billion fraud: NDDC recovered N100 billion from IOC – witness

A prosecution witness, Mr Ibinabo Micheal-West, on Monday, told a Federal High Court sitting in Lagos, that the Niger Delta Development Commission (NDDC) recovered over N100 billion from International Oil companies (IOC).
All Progressives Congress (APC) Nigeria

APC cautions oil firms against Governor Dickson’s campaign

The All Progressives Congress (APC) in Bayelsa State on Thursday cautioned international oil companies (IOCs) against cancelling oil pipeline surveillance contracts handled by members of the party due to Governor Seriake Dickson’s campaign that oil pipeline surveillance contractors were responsible for insecurity in the state.

NUPENG urges President Buhari to end reliance on imported petroleum products

The Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) has urged President Muhammadu Buhari to, in his second term, work towards ending, “Nigeria’s continued dependence on imported petroleum products.”

Niger Delta youths plan grand reception for Minister Kachikwu

Youths of the Niger Delta, under the auspices of Niger Delta Youth Coalition for Peace and Process (NDYCPP), are fine-tuning arrangements to host Ibe Kachukwu, the Minister of State for Petroleum Resources, to a grand reception.
Minister of State for Petroleum Resources, Dr Emmanuel Ibe Kachikwu

Minister Kachikwu challenges ExxonMobil, others on gas commercialization policy

The Minister of State for Petroleum Resources, Dr Ibe Kachikwu has urged ExxonMobil and other International Oil Companies operating in Nigeria, to key into the gas commercialization policy of government for gas development in the country.

Governor Dickson takes environmental campaign to IOCs, others

Governor Seriake Dickson of Bayelsa State has urged international oil companies (IOCs) and regulatory bodies in the oil industry to embrace the campaign against environmental degradation in the Niger Delta.
Nigerian National Petroleum Corporation (NNPC)

Federal government gives IOCs 14 days to pay outstanding revenue on contracts

The federal government has given International Oil Companies (IOCs) operating in Nigeria’s deep offshore and inland basin a 14-day ultimatum to pay all outstanding revenues on Production Sharing Contracts (PSCs).

NNPC pays IOCs $993.7 million of $5.1 billion cash call debt

The Nigerian National Petroleum Corporation (NNPC) yesterday disclosed that it had so far paid $993.7 million of the negotiated $5.1 billion cash call debt it owed International Oil Companies (IOCs) whom it is in joint ventures oil production with.

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Police reassures Samson Siasia’s mum will be rescued

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The new minister of State for Budget and National Planning, Clement Agba, has charged staff of the ministry to work harder and smart to realize the Next Level agenda of the federal government.

2020 Budget: Federal government maintains benchmark in spite increase in oil price

Minister of State for Budget and National Planning, Mr Clem Agba, has said that the Federal government would maintain its benchmark of 60 dollars per barrel in spite of the sudden increase in the price of crude oil.
A statement signed by Professor Douglas Ewharute, Engr Justin Akpobaro and made available to newsmen in Warri, Delta state also lauded President Muhammadu Buhari for appointing a worthy son of Delta state Chief Bernard Okumagba as Managing Director of the commission, adding it commended the Deputy President of the Senate, Senator Ovie Omo –Agege for his role in the appointment of Chief Okumagba.

NDYM hails Bernard Okumagba’s appointment as NDDC chief

The Niger Delta Youth Movement, Delta State Chapter, has given its nod to the appointment of Mr. Bernard Okumagba from Warri South as Managing Director, NDDC, describing it as a reward and responsibility to oil producing areas to be at the core of development of the Niger Delta.