Category: Oil & Gas

PIB: Buhari approved 5% for host communities, Minister slashed it — Senator

Efe Wellington

A former Governor of Bayelsa State, Senator Henry Dickson, has exposed how the Minister of State for Petroleum, Timipre Sylva, allegedly proposed 2.5 per cent operating surplus to Host Communities while President Muhammadu Buhari proposed 5 per cent in the Petroleum Industry Bill (PIB). Platforms Africa reports that the Senator made the revelation when he spoke with newsmen on the contentious issue on Thursday in Abuja. READ ALSO: Nigeria’s Oil Ministry Spent N98.4m to print PIB awareness leaflets -Senate Newly-Passed PIB Satanic, Unjust, N’Delta Leader Edwin Clark Thunders OPEC Throws…

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Nigerians demand ‘Drill or Drop’ sanction for oilfields’ licensees

Efe Wellington

“The country is under heavy borrowing to meet its developmental needs While some national assets that could help tremendpusly ate undeveloped for over 10 years.”   With dwindling review into federation account and declining global relevance of fossil fuel as the world gradually transits to renewable energy, oil and gas industry experts in Nigeria have called for efficient use of mining assets by operators for the country to maximize its current potentials before fossil fuel loses its current value. While speaking on the diminishing status of oil and gas in…

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Eurafic counters Oil Minister, DPR over revocation of oilfield license

ADESUPO OSOSANYA

The last may not have been heard of the revocation of Dawes Island marginal field license from Eurafric Energy Limited as the firm countered Department of Petroleum Resources (DPR) on reasons given for the revocation. DPR had awarded the field to Petrolan 54 Limited and its partners during the last bid round, a decision that did not go down well with Eurafic and had since be faulted through a petition to the House of Representatives. The firm while faulting the testament made by the DPR Director, Mr. Sarki Auwalu, before…

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House, DPR on Collision Course Over Oil Block’s Revocation, Awards

Efe Wellington

Experts back DPR, say House lacks power to reverse Dawes Island Marginal oilfield’s Award   The Nigeria’s House of Representatives’ Committee on Public Petitions and the Department of Petroleum Resources (DPR) are on collision course over Dawes Island marginal field lost by Eurafric for holding the national asset without production and making it unviable for seventeen years. Platforms Africa reports that the Minister of Petroleum Resource through the Department of Petroleum Resources (DPR), a regulator empowered by law, awarded the field to Petralon 54 Limited and its partners during the…

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10,000 in-bound passengers to Nigeria not traceable for COVID-19 Quarantine

Gbenga Adeoti

“The Sallah festivities will no doubt bring people together in large numbers and create conditions that can sadly cause the spread of the coronavirus. We must not allow this to happen,” Sanwo-Olu     Over 10,000 passengers into Nigeria can not be traced for COVID-19 quarantine. Governor of Lagos, Nigeria’s commercial capital, Mr. Babajide Sanwo-Olu, who gave this hint, declared that 9,058 passengers being the 18 per cent of travelers that arrived Lagos through Murtala Mohammed Airport cannot be traced for COVID-19 quarantine.   READ ALSO: Lagos Churches, Mosques to…

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Kyari’s Two Years of Transparency Triumphs

Adeola Yusuf

Beyond the clatters and the glitters, the big question is, how has Kyari performed in the last 24 months of his stewardship as the GMD of Nigeria’s national oil company and by extension the “ operator-In-Chief’’ of the Nigerian Oil & Gas Industry? Here is the answer in less tham 400 words   Two years ago, precisely, on July 8, 2019, Mallam Mele Kyari mounted the soap box to assume duty as the 19th Group Managing Director of the Nigerian National Petroleum Corporation (NNPC) in an elaborate hand-over ceremony. On…

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NNPC unveils Template for Wealth Multiplicity, Liquidity for Stakeholders

Adeola Yusuf

    The Nigerian National Petroleum Corporation (NNPC) has revealed its template for creation of liquidity and wealth multiplication for stakeholders. Platforms Afruca reports that the Group Managing Director of NNPC, Mallam Mele Kyari, who revealed this at the Nigeria Oil and Gas (NOG) Conference in Abuja, reiterated his Corporation’s commitment to ensuring effective stewardship of the nation’s hydrocarbon resources to guarantee energy security and drive wealth creation in Nigeria.   READ ALSO: Redeemed Pastor Arrested For Stealing N34m From Church Newly-Passed PIB Satanic, Unjust, N’Delta Leader Edwin Clark Thunders…

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Newly-Passed PIB Satanic, Unjust, N’Delta Leader Edwin Clark Thunders

Efe Wellington

Chief Edwin Clark, popular leader from the Nigeria’s oil rich Niger Delta has described the newly-passed Petroleum Industry Bill (PIB), as satanic, unjust and embarrassing. Clark, a former Federal Commissioner for Information who leads the Pan-Niger Delta Forum (PANDEF), maintained that the passed PIB which is ready for harmonization had dashed the hope of the people of the Niger Delta.   READ ALSO: OPEC Throws Weights Behind Nigerian President, NASS on PIB PIB: Analysts Up Oil Prosperity Forecast for Nigeria, Demand Quick Assent Nigeria’s Oil Ministry Spent N98.4m to print…

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Nigeria overlooks $14m Bail Bond, Frees Detained Vessel to Swiss Govt FoC

Aliyu Aliyu

Here are the roles Vice President Osinbajo, AGF Malami others played + How degerating diplomatic ties between Nigeria and Switzerland were safeguarded   More facts have emerged on reasons the Nigerian Government released and handed over a detained vessel, MT San Padre Pio, to the government of Switzerland, free of charge despite a $14 million bail bond in its favour. Platforms Africa reports that the Swiss government and the Nigerian government have been in Court over the issue, which began three years ago. The Swiss went to the International Tribunal…

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