Oil and Gas

General Manager, Samon Petroleum Limited, Calabar Depot, on Friday said that Nigeria’s poor refining capacity is affecting the price and availability of diesel in the nation. Odigbo said this in an interview with the News Agency of…

Employees of the Independent Petroleum Marketers Association of Nigeria (IPMAN) will not get their salaries until they obtain the Permanent Voter Card (PVC). This came on the heel of an earlier directive by IPMAN’s National President, Mr…

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has blamed inadequate supply of petrol from the depots in Lagos for the scarcity being experienced in Abuja and other parts of the country. IPMAN President, Mr Chinedu…

The Independent Petroleum Marketers Association of Nigeria (IPMAN) on Tuesday in Sokoto called on the Federal Government to settle the N40 billion debt it owed the association. It said the debt arose from haulage of petroleum products to…

The Independent Petroleum Marketers Association of Nigeria (IPMAN) says Nigerians must prepare for the worst fuel scarcity crisis to hit the country. This, the association said, is due to N500 billion bridging claims being owed its…

Barely one week after it was attacked by vandals on March 29, the 24-inch Ogboinbiri/OB-OB gas pipeline has been vandalised and set ablaze. The breach of the pipeline, operated by Nigerian Agip Oil Company (NAOC), cuts the oil firm’s gas…

The Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) on Tuesday picketed Lagos office of Chevron Nigeria Limited (CNL) over the death of its member, Babalola Oladimeji. The union members, who chanted solidarity songs in…

The Independent Petroleum Marketers Association of Nigeria (IPMAN) on Tuesday blamed private depot owners for the hike in the pump price of Premium Motor Spirit (PMS) in some parts of Nigeria. IPMAN’s National President, Mr Chinedu…

The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) on Wednesday attributed the fuel scarcity to non-availability of forex. The PENGASSAN President, Mr Festus Osifo, made this known at a news conference on…

Mr Chinedu Anyaso, a chieftain of the Independent Petroleum Marketers Association of Nigeria (IPMAN) says the hike in the price of Automotive Gas Oil (AGO), popularly called diesel, will worsen inflation in the country. Anyaso, who is…

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has advised the Federal Government to remain focused on increasing Nigeria’s domestic refining capacity. IPMAN’s President, Mr Chinedu Okoronkwo, said on Friday in Lagos…

The four communities constituting Kolo-Creek Cluster Development Board in the Ogbia Local Government Area (LGA) of Bayelsa on Wednesday threatened to stop operations at Shell’s oilfields over failure to provide electricity. The ultimatum…

U.S President Joe Biden on Tuesday announced that the United States would no longer allow for the importation of Russian oil, the latest sanction to punish Russia following the invasion of Ukraine. Biden who announced the sanction from…

The Nigeria Security and Civil Defence Corps (NSCDC) said it seized eight trucks laden with suspected adulterated petrol and diesel in Rivers in a week. The trucks were impounded between March 1, and March 7, while attempting to…

The Nigeria Extractive Industries Transparency Initiative (NEITI, said oil and gas companies liabilities to the Federation Accounts as at Dec. 31, 2020 was N1.32 trillion. Dr Orji Ogbonnaya Orji, the Executive Secretary, NEITI made this…

The Nigeria National Petroleum Corporation Ltd. (NNPC) has commenced loading of trucks at all depots to clear current scarcity experienced across the country. It added that there was availability of 1.7 billion litres of petrol currently…

President Muhammadu Buhari says rising crude oil prices present a great opportunity for Nigeria, especially with the passage of the Petroleum Industry Act (PIA). Buhari, who is also the Minister of Petroleum Resources, said this on…

The Independent Petroleum Marketers Association of Nigeria (IPMAN) and the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) are at loggerheads over the pump price of petrol. As fuel scarcity worsened in many parts of the…

Two oil companies, Duke Oil and Oando Plc have refuted culpability in the importation of the adulterated fuel that hit the country, saying imported product met Nigerian specification. The duo said this when they appeared before the House…

The Defence Headquarters says troops of Operation Delta Safe have destroyed 38 illegal refining sites in the Niger Delta region within two weeks. The Director, Defence Media Operations, Maj.-Gen. Bernard Onyeuko, made this known on…

The House of Representatives has ordered full investigations into the importation of adulterated fuel, also known as Premium Motor Spirit (PMS) into Nigeria. The house also summoned the Group Managing Director (GMD) of the Nigeria…

The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) says normalcy will be restored to petrol stations in Abuja and other areas in about three days following the resumption of loading in Lagos depots. Mr Farouk…

President Muhammadu Buhari had on Jan. 25 approved 18-month suspension of the removal of fuel subsidy, following consultations with stakeholders in line with the current economic realities in the country. The removal of subsidy on…

The Organisation of the Petroleum Exporting Countries (OPEC) says world's total oil demand in 2021 is pegged at 96.5 million barrel per day (mb/d) and at 100.6 mb/d in 2022, surpassing pre-pandemic levels. OPEC Secretary General, Mr…

Donald A. Latella is the CEO of North Park Commodities, LLC, a commodities trading firm based in Easton, Connecticut, United States of America. In this interview, Latella narrated to The Herald how he was allegedly defrauded of…

The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has rejected forced COVID-19 vaccination on Nigerians by the Federal Government. PENGASSAN President, Mr Festus Osifo, said this in a statement he jointly…