Category Archives: Oil&Gas

Oil price rises above $65 per barrel

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Brent crude oil prices jumped above $65 per barrel after the shutdown of the Forties North Sea pipeline knocked out significant supplies from a market that was already tightening due to OPEC-led production cuts. Brent crude futures on Tuesday, the international benchmark for oil prices, were at $65.07 dollars a barrel at 0211 GMT. U.S. […]

Fuel scarcity persists in Abuja despite FG’s order

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The queues for Premium Motor Spirit, popularly called petrol, persisted on Sunday in Abuja and some states despite the order by the Federal Government to the Minister of State for Petroleum Resources, Ibe Kachikwu, to end the scarcity. The Federal Executive Council, at its meeting last Wednesday, directed the minister to ensure that the fuel […]

We’ll complete Egina project for $16bn – Total

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Total Upstream Nigeria Limited has said the Egina deep-water project is expected to be completed in the fourth quarter of 2018 for the initial budget of $16bn. The Egina field, which was discovered by Total in 2003 within the Oil Mining Licence 130, some 200 kilometres south of Port Harcourt, is being developed by the […]

Oil workers threaten nationwide strike from Dec. 18

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Barely 24 hours after oil workers under the aegis of the Independent Petroleum Marketers Association of Nigeria, Lagos State Chapter, suspended the plan to withdraw their services, the Petroleum and Natural Gas Senior Staff Association of Nigeria on Thursday threatened to embark on a nationwide strike. Last week, IPMAN, Lagos Chapter, accused the Nigerian National […]

FG orders Kachikwu to end fuel scarcity by weekend

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The Federal Government has ordered the Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, to ensure that the fuel scarcity currently being experienced across the country does not extend beyond this weekend. The directive was given to the minister on Wednesday during the weekly meeting of the Federal Executive Council presided over by Vice […]

Consumers groan in Lagos, Abuja as fuel scarcity worsens

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The fuel supply situation in the country took a turn for the worse on Tuesday as queues of desperate motorists grew longer at many petrol stations selling Premium Motor Spirit, also known as petrol, in Lagos, Ogun, Kwara and other states of the federation, including the Federal Capital Territory. Our correspondents gathered that many of […]

Fuel queues return to Lagos amid supply hiccups

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After more than a year of relief from fuel scarcity in the country, filling stations in some parts of Lagos experienced queues on Monday, while some refused to sell Premium Motor Spirit, popularly known as petrol, to motorists. The pockets of fuel queues in Lagos emerged few days after the Independent Petroleum Markers Association of […]

Amnesty wants Shell probed for alleged abuses in Ogoniland

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Amnesty International on Tuesday said Royal Dutch Shell Plc should face investigations in three countries for alleged complicity in human rights abuses, including murder and rape, committed by the Nigerian military government in the oil-producing Ogoniland region in the 1990s. The London-based human-rights group said authorities in Nigeria, the United Kingdom and the Netherlands should […]

Oil workers seek FG’s commitment on refineries’ repair

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Oil workers under the aegis of the Petroleum and Natural Gas Senior Staff Association of Nigeria are seeking the Federal Government’s commitment to the repair of the nation’s ailing refineries. The association promised to support any sustainable model that could make the refineries effective and profitable. The President, PENGASSAN, Mr. Francis Johnson, during a courtesy […]

Physically challenged persons protest at NNPC over jobs

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There was heavy security presence at the headquarters of the Nigerian National Petroleum Corporation in Abuja on Monday as physically challenged persons besieged the oil firm to stage a protest. It was gathered that the protesters were members of the Joint National Association of Persons with Disabilities, Delta State Chapter, who demanded that the NNPC […]