We’ve Boosted Capacity Of Indigenous Oil Companies Tremendously – Buhari
President Muhammadu Buhari has said his administration had boosted the capacity of indigenous companies by 5 per cent from 2 per cent in 2015. Buhari disclosed this on Monday at the Banquet Hall, Presidential Villa, while declaring the Nigeria International…
N800bn Subsidy Removal Palliative Avenue To Steal Money – Sam Amadi
The Director of the Abuja School of Social and Political Thoughts, Dr. Sam Amadi, has questioned the logic behind sharing N800 billion to the poor who receive only N5,000 monthly as a poverty reduction strategy. Amadi said it doesn’t make…
Compel Oil Companies To Convert Wasted Product Into Electricity – Group Urges FG
A group, the Akwa Ibom Oil Producing Development has urged the Federal government to prevail on oil companies to convert the wasted gas into electricity. Report has it that this is coming after the Federal Government imposed penalties on Oil…
Buhari Inaugurates Oil Exploration In Nasarawa
President Muhammadu Buhari on Tuesday inaugurated the first oil drilling of the Ebenyi-A Exploration Well located in the Middle Benue Trough in Obi Local Government Area of Nasarawa State. Report has it that Buhari in his virtual spud-in ceremony of…
Seplat CEO Steps Aside After Court Order Over Alleged Racism
The Chief Executive Officer of Seplat Energy Plc, Roger Brown has stepped down following the order of a Federal High Court in Lagos. Report indicates that Brown is to stop parading himself as the CEO, pending the determination of a…
699 Suspects Arrested For Oil Theft, Pipeline Vandalism In Niger Delta – JTF
Operation Delta Safe, a Joint Security Task Force in the South-South says it arrested 699 suspects for various crimes in the Niger Delta region in 2022. Rear Adm. Aminu Hassan, Commander of the Joint Task Force, disclosed this on Friday…
Publish Names Of Perpetrators Of Oil Theft Or Face Legal Action – SERAP To Buhari
Socio-Economic Rights and Accountability Project (SERAP) has urged President Muhammadu Buhari to “promptly set up a presidential panel of enquiry to thoroughly, impartially, and transparently investigate the operations of illegal oil pipelines from 2001 to date, and to widely publish…
Crude Oil Exploration Begins To Decline Due To Rig Count Fall
A new setback has emerged in Nigeria’s oil industry as exploration suffers drop in rig count to 10 in August 2022, from 11 recorded in the previous month, according to the Organisation of Petroleum Exporting Countries, OPEC. The rig count…
Relief, Controversy As Anambra’s Oil Begins To Yield Revenue
Report has it that last month, Anambra earned her first revenue as an oil producing State in Nigeria. The State received N268million as 13 percent derivation oil revenue. The news of the receipt was, however, bugged by controversies, but it…
Buhari Okays Acquisition Of Exxon Mobil Shares By Seplat
President Muhammadu Buhari has consented to the acquisition of Exxon Mobil shares in the United States of America by Seplat Energy Offshore Limited. The authorisation came in his capacity as the Minister of Petroleum Resources and in line with the…