Oil
OPEC raises oil demand growth on stronger economic recovery
The Organisation of Petroleum Exporting Countries (OPEC) has raised its forecast for crude oil demand growth this year on the back of an expected stronger economic recovery.
DPR: 32 invalid refinery licences can be revived
The Department of Petroleum Resources has said companies whose refinery project licences have become invalid can reapply for revalidation.
NCWD: 99 million Nigerian women to benefit from oil, gas in three years
Director General of the centre, Mrs. Mary Ekpere-Eta who said this in Abuja during the official launch of the Nigerian women for Liquefied Petroleum Gas project, said this was in a bid to improve women’s livelihoods, survival, clean environment, as well as pulling millions of households out of poverty.
DPR denies revoking 32 refinery licences
The Department of Petroleum Resources (DPR) has denied revoking 32 refinery licenses issued to private companies in Nigeria.
Delta youths ask President Buhari to compel Governor Okowa to account for N2 trillion...
Concerned youths drawn from the five oil and gas producing communities of Ijaw, Itsekiri, Urhobo, Isoko and Ndokwa have urged President Muhammadu Buhari to compel Delta State government to account for over N2 trillion collected as 13 per cent derivation from 2015 till date.
Analysts: Printing currency could hurt economy
Analysts have expressed concerns over a recent claim that the federal government resorted to printing money to augment the monthly allocation to the three tiers of government, warning that it could heighten inflationary pressure with dire consequences for the country’s exchange rate and economy.
Ondo governor dissolves OSOPADEC board
Gov. Rotimi Akeredolu has approved the dissolution of Ondo State Oil Producing Area Development Commission (OSOPADEC) board.
NNPC delivers 96 AKK project pipes by rail to Itakpe
The execution of the nation’s $2.8 billion Ajaokuta-Kaduna-Kano, AKK gas pipeline project was boosted, weekend, through the delivery of 96 pipes from Warri to Itakpe in Kogi state.
PAP, NCDMB to train, empower Niger Delta ex-agitators in oil, gas sector
The Presidential Amnesty Programme, PAP, and the Nigerian Content Development and Monitoring Board, NCDMB, have struck a deal to build the capacity of ex-agitators benefitting from the amnesty programme.
Delta governor seeks policies to improve food nutrition in South-South
Chairman of South-South Governors’ Forum and governor of Delta State, Dr. Ifeanyi Okowa, has advocated the need for the relevant organs to come up with policies to improve food nutrition in the entire region.
Edo governor: Nigeria in huge financial trouble
The governor of Edo, Godwin Obaseki, says Nigeria is in huge financial trouble.
APC group urges Buhari to revisit ex-President Jonathan’s Confab report
National Chairman, Congress of Democrats (CD), a pressure group within the ruling All Progressives Congress (APC), Mr. Bola Ajimuda, has called on President Muhammadu Buhari to reconsider revisiting the recommendations of the National Constitutional Conference enpanelled by former President Goodluck Jonathan, in 2014.
Minister: Bayelsa oil, gas park to create 2,000 jobs
Chief Timipre Sylva, Minister of State For Petroleum Resources, on Friday said the Nigerian Oil and Gas Park Scheme (NOGAPS) at Emeyal, Ogbia Local Government Area, Bayelsa will create at least 2,000 jobs on completion.
Minister: PIB will resolve oil sector’s 70-year underdevelopment
The federal government has said that when passed, the Petroleum Industry Bill (PIB) will resolve most of the knotty issues that have hindered the development of the oil and gas sector in the country since the 50s.
NCDMB committed to Nigeria’s oil, gas industrialisation – official
The Nigerian Content Development and Monitoring Board (NCDMB) has restated its resolve to serve as a catalyst for the industrialisation of the Nigerian Oil and Gas industry and its linkage sectors.
Cross River governor partners with NASENI on electricity generation from borehole
Cross River State Governor Ben Ayade has concluded arrangements to partner with the National Agency for Science and Engineering Infrastructure (NASENI) on electricity generation from borehole.
Amazon retaliated against climate organizers – US labor board
The National Labor Relations Board (NLRB) has determined that Amazon retaliated against two activist employees when it fired them in April of last year, as first reported by The New York Times.
Oil spill detected on Shell facilities in Bayelsa
The Shell Petroleum Development Company (SPDC) has confirmed oil spill from its facility at Agbura-Otuokpoti area of Yenagoa, the state capital.
NNPC eyes $8.7 billion investments from rehabilitation of refineries, pipelines
The Nigerian National Petroleum Corporation (NNPC) expects an investment of about $8.7 billion to flow in during the rehabilitation of the Warri Refinery and Petrochemical Company (WRPC), the Kaduna Refinery and Petrochemical Company (KRPC), as well as the revamping of some of its 5,000-kilometre pipelines throughout the country.
Bayelsa: We won’t retrench workforce amid dwindling revenues – official
The Bayelsa state government has assured civil servants in the state that it had no plans to downsize the workforce, amidst dwindling revenue.
India wields oil ‘weapon’ to cut dependence on Saudi
When India’s government last month asked refiners to speed up diversification and reduce dependence on the Middle East - days after OPEC+ said it would maintain production cuts - it sent a message about its clout and foreshadowed changes to the world’s energy maps.
OPEC, allies agree to ease oil production curbs
The Organisation of Petroleum Exporting Countries (OPEC) and its allies, known as OPEC+, yesterday resolved to gradually ease its oil output cuts from May till July.
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Nigeria’s senate president, others bag NIS fellowship award
Senate President, Ahmed Lawan, and the governor of Lagos State, Babajide Sanwo-Olu, were on Wednesday in Abuja presented with the Honourary Fellowship Award of the Nigerian Institution of Surveyors (NIS) alongside a former Minister of Defence, Brig-General Mansur Dan-Ali (rtd) and the Emir of Nasarawa, HRH Alh. Ibrahim Usman Jibril, at the institution’s 2021 investiture ceremony.
Official: TETFund spends N120 billion on academic staff training since 2008
Academic Staff from public institutions across the country have so far accessed over N120 billion for training, within and outside Nigeria, from the Tertiary Education Trust Fund (TETFund) since its inception in 2008.
Payroll fraud: Gombe approves N1.49 billion for biometric system installation
The Gombe State Government has approved the sum of N1.499 billion for the supply and installation of biometric attendance system to check payroll fraud in the state’s civil service.
2023: APC disowns viral zoning arrangement
The national caretaker/extraordinary convention planning committee (CECPC) of the ruling All Progressives Congress (APC) has disowned a zoning arrangement list in circulation on the social media.
UEFA confirms Rome as Euro 2020 host city
Rome’s Stadio Olimpico has been “fully confirmed” as a venue for Euro 2020 matches after the Italian government guaranteed the presence of at least 25 per cent of fans, UEFA announced on Wednesday.
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Chelsea squeeze through to UCL semis after late Porto scare
Chelsea booked their spot in the Champions League semi-finals despite a late goal from Mehdi Taremi for Porto on Tuesday night.
NARD: Nigerian government wouldn’t have listened to us if we didn’t go on strike
The Nigerian Association of Resident Doctors (NARD) says the federal government would not have listened to its demands if it had not embarked on the nationwide strike.
Liverpool legend wants Steven Gerrard to be ‘fully equipped’ before returning to Anfield
Liverpool legend, Jamie Carragher, hopes former teammate Steven Gerrard will manage the club when the time is right.
Ebonyi attack: I’ve not seen my husband – victim
The police in Delta State on Saturday rescued a kidnap victim in Ughelli South Local Government Area of the state.
Kaduna governor: Security agencies’ slow response to threats unacceptable
The governor of Kaduna State, Mallam Nasir el-Rufai, has said the way security agencies act on security threats in the country was unacceptable.