Oil & Gas articles

Don’t Remove Subsidy on Petrol –NANS Tells FG

The National Association of Nigerian Students, NANS, has cautioned the federal government against the removal of fuel subsidy, describing the move as one that could be detrimental to the citizens and the country’s economy at large. In a statement issued on Monday by Nwankwo Ezekiel, public relations officer, NANS, said after wide consultations with the majority of its affiliate member unions and its structures as well as past leaders, it has taken the decision not

The government of Cote D’ Ivoire has presented a formal request indicating its interest in

Ivory Coast To Import Gas From Nigeria

The government of Cote D’ Ivoire has presented a formal request indicating its interest in liquefied petroleum gas supplies from Nigeria to support its growing power generation needs. The request came just as Ghana has called on Nigeria to assist it overcome the negative impact of the recent gas supply disruption it is facing through the West Africa Gas Pipeline grid. A director in the Ivorian Ministry of Energy, Kone Moussa, who led a delegation


Oil Spill: Shell Admits False Claims In UK Court

Documents before a United Kingdom, UK court have revealed that Shell Petroleum Development Company, SPDC, has at different times made false claims about the impact of major oil spills in the Bodo area of Gokana Local Government, Rivers State. This was disclosed in a statement issued on Thursday by the Amnesty International. The statement said revelations in the court showed that the company has made frantic efforts to downplay the impact of the spillage just


The Oil Price Burden

There is anxiety about the falling price of crude oil as dwindling revenue threatens economic and social development, raising concerns over the overall health of the Nigerian economy Nigeria is groaning under falling oil price and Ngozi Okonjo-Iweala, finance minister and coordinating minister for the economy, will have a herculean task managing the country’s economy in the months to come. Within political circles, the stakes are getting higher by the day as the falling price


Don Jazzy Unveils Oil and Gas Business

Michael Collins Ajereh, Nigerian multi award-winning record producer and songwriter, better known as Don Jazzy, has officially unveiled his oil and gas business named, Mavin Energy. The Mavin record boss shows the label is not only about music production, as he ventured into the Oil and Gas business with the company, Mavin Energy Limited dealing in supply and retailing of petroleum products, construction of fuel tanks and leasing of equipments. The Umuahia-born musician took to

Oil & Gas

China Shows Interest in Nigeria’s Oil & Gas Sector

Liu Kan, Consul-General of the Consulate General of People’s Republic of China in Lagos, on Thursday expressed his country’s growing interest in Nigeria’s oil and gas industry. Liu said that China would also depend on Nigeria to satisfy the demand of her increasing population for crude oil and gas. “China is the most populous nation in the world and her demand for oil and gas is increasing by the day.Nigeria is the largest oil producer

Port-Harcout Refinery

Nigerians Groan as Fuel Crisis Persists

For over one week, Nigerians have been battling with the pangs of fuel scarcity. A number of the filling stations are believed to have petroleum products, but refuse to sell to consumers. Isibor Mark caught this scene in one of the filling station.


Rallying Against Subsidy Scam

A coalition of human rights activists and non-governmental organisations has taken up the gauntlet to enforce the recovery of various huge sums of money diverted from the Federation Account It is a rare collaboration but one that has the common good of Nigerians as its sole objective. Femi Falana, fiery Lagos lawyer and counsel to the Oil Probe Follow-up Group; Tokunbo Mumumi of Social Economic Right Accountability Project, SERAP; Olarewaju Suraj, Human and Environmental Development


Saving a Multi Billion Dollar Investment

The federal government and Delta State collaborate to save the multi-billion dollar gas project at Ugborodo, Delta State, threatened by feuding host communities Twice in a space of two weeks, the federal government read out the riot act to the feuding parties in the seemingly intractable crises that have claimed many lives and made life a living hell in the oil-rich Ode-Ugborodo community in Warri North Local Government area of Delta State. Though the Itsekiri

Port-Harcout Refinery

The Politics of Privatisation of Refineries

After several years of tinkering with privatisation of the nation’s ailing refineries, the government yields to pressure again to put the process on hold, creating room for more years of rot in the oil sector Investors who are prospecting for Nigeria’s moribund refineries may have to wait for a longer time for inexplicable reasons. In the face of the current political upheaval and sundry economic issues his government has to contend with, President Goodluck Jonathan