NNPC Set To Strengthen Its Anti-Corruption Drive

The Nigerian National Petroleum Corporation, NNPC has pledged to strengthen the Anti-Corruption war across its value chain to ensure efficiency and optimization of resources. This was stated in a press release issued by the Group General Manager Group Public Affairs Division of the Corporation, Ndu Ughamadu on Thursday. NNPC GMD, Dr. Baru, said as an…

Senate investigates sharp practices in oil and gas industry by expatriates

The Senate has berated the Federal Ministry of Trade and Industry for not knowing the quality and quantity of crude oil and gas export on daily basis, hence it has moved to carry out a holistic investigation. In a bill which was sponsored by Senator Fatima Raji-Rasaki (PDP), Ekiti Central Senatorial District, the Senate wondered…

Poor metering, inefficient financial management bane of oil, gas sector – NEITI

The Nigeria Extractive Industries Transparency Initiatives (NEITI) said on Tuesday that poor metering and inefficient financial system management were the factors militating against oil and gas development in Nigeria. Mr Waziri Adio, Executive Secretary of NEITI, said this at a two-day Capacity Building Workshop for Media Practitioners conducted by the organisation for journalists in Mararaba……

House Committee says indigenous oil coys must flourish in lifting crude

The House of Representatives Adhoc Committee on Review of Pump Price of Petrol on Friday expressed dissatisfaction with the allocation ceded to Master Energy Oil & Gas Ltd. in lifting of crude. The Chairman of the Committee, Mr Raphael Igbokwe, made the remark on the sidelines of the committee’s visit to Master Energy Oil and……

Oil and gas stakeholders call for viable investment environment

Some stakeholders in oil and gas have called for collaboration and policy changes that could attract viable investments to the sector. They made the call on Thursday in Abuja during the last day of the 2017 Nigerian Oil and Gas (NOG) Conference. The stakeholders spoke in separate interviews with the News Agency of Nigeria (NAN)……

Oil and gas: We shall exceed 28% Nigerian content – NCDMB Scribe

The Nigerian Content Development and Monitoring Board (NCDMB), says it is working to surpass the current 28 per cent Nigerian Content in the oil and gas sector of the economy. Mr Simbi Wabote, the Executive Secretary of the board, told News Agency of Nigeria (NAN) on Tuesday that they were working to increase the participation……

IPMAN tells DPR to sanction erring depot owners

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has appealed to the Department of Petroleum Resources (DPR) to sanction all private depots in Apapa area of Lagos selling above the regulated price of N133.28k Alhaji Debo Ahmed, Chairman, IPMAN, Western Zone, made that appeal in on Wednesday in Lagos. Ahmed said that many depot owners…

Ondo youths protest alleged exclusion from NDDC board

FILE PHOTO: Protesting youths. The Niger Delta Youth Movement( NDYM), Ondo State chapter, on Wednesday protested in Igbokoda over the exclusion of a representative of the state in the board of the Niger Delta Development Commission (NDDC). The protesters, who were led by Mr Alaba Agbejoye, the state Chairman of NDYM, had blocked the entrance…

#NCDMB to Stop Importation of PPEs For Oil Industry Operations

The Nigerian Content Development and Monitoring Board (NCDMB) will stop operators in the oil and gas sector from importing personal protective clothing otherwise called coveralls as there exists sufficient local production capacity According to NCDMB The Executive Secretary of NCDMB, Engr. Simbi Wabote stated this while commissioning Kay Global Garment Factory in Warri, Delta State…