Oil & Gas 

Nigeria shortlists gas flare companies

Nigeria’s Department of Petroleum Resources (DPR) has held a bidders’ conference for those interested in tackling gas flaring in the country. The DPR said the number of interested companies had been reduced to a shortlist of 200, from an initial pool of around 800. The number of flare sites has also been reduced to 45, from 178. The companies that have got through have achieved qualified applicant status and have been issued request for proposal (RFP) documents. The Nigeria Gas Flare Commercialisation Programme (NGFCP) was launched in 2016 with the…

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ogfza interview Business and Oil Gas NEWS Oil & Gas 

Our Mandate Not Only to Regulate, Establish and Register Oil and Gas Free Zones But Also Attract Investment Opportunities to Govt – OGFZA

By: Kofoworola Olagunju The annual Nigeria International Petroleum Summit which is currently holding in Abuja with a view to create a perfect platform for the world to meet Nigeria’s Oil and Gas industry players had in attendance key Nigerian political decision-makers, government officials heads of major of National & International companies, multinational and multilateral organizations, the academia and other relevant stakeholders.More importantly, it is also an international exhibition of economic operators, national and international companies and potential investors coming together to present new technologies and know-how in the petroleum sector.…

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Confusion in PPPRA, as workers protest appointment of new Executive Secretary NEWS Oil & Gas 

Report by PPRA says 18 billion of liters of petrol was supplied in Nigeria for 2019

About 18 billion litres of petrol (PMS) was supplied in Nigeria for 2019, a report by the Petroleum Products Pricing Regulatory Agency (PPPRA) has said. The Executive Secretary of the agency, Abdulkadir Saidu, in the report, emphasised the need for enhanced private participation in the refining business, as well as the revamping of the nation’s refineries for improved production. “The total quantity of PMS supplied across the nation as at November 2019 was 18,623,992,092 litres and the PMS average sufficiency stood at 40.68 days,” the report said. The report revealed…

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BORDER CLOSURE IS A FAILURE OF THE CUSTOMS – ISMAILA ISA FUNTUA

The publisher of the Democrat Newspaper and Life Patron of the Newspapers Proprietors Association of Nigerian (NPAN), Malam Ismaila Isa Funtua, has slammed the leadership of the Niherian Customs Service (NCS) over the total shutdown of Nigeria’s land borders. Speaking on Saturday in a widely discussed interview on Arise Television’s The Morning Show, Mallam Funtua, very close confidant of President Muhammadu Buhari and influential businessman and politician, aired his views on a number of topical national issues. Mallam Funtua argued that “closure of border is failure of the customs”. Laying…

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Oil & Gas 

Court orders vessel’s forfeiture over illegal oil deal

The Federal High Court in Lagos has ordered that a vessel, MV Shirley, should be forfeited to the Federal Government for being used for illegal conveyance of 145,000 litres of petroleum products. MV Shirley was convicted of four counts alongside a firm, Sagwe International Limited, and one Abednego Ogede, who was said to be at large. In a judgment delivered on Wednesday by Justice Rilwan Aikawa, the court said the Economic and Financial Crimes Commission was able to prove the charges against the convicts beyond reasonable doubts. The judge said…

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LAW & CRIME Oil & Gas 

Court remands 3 over pipeline vandalism

Three men, Yusuf Waheed, Rasheed Ajibade and Omoh Okpeku, were yesterday remanded by the Federal High Court, Lagos in the facility of Nigerian Correctional Services for allegedly vandalizing petroleum pipeline. Justice Ayokunle Faji ordered the remand of the three men after their plea were taken on the charges of conspiracy, pipeline vandalism and unlawful dealing in petroleum products leveled against them by the police. Arraigning the three defendants, the prosecutor, Mr. Kingsley Ngere, told the court that the defendants and others now at large had on December 4, 2019, at Orile-Iganmu…

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Oil & Gas 

Rivers wins oil wells from Bayelsa as court orders map error correction

The Federal High Court in Abuja on Monday ordered the transfer of Soku oil field from Bayelsa State to its rightful owner, Rivers State. Delivering judgment in a suit instituted by Rivers State, Justice Inyang Ekwo, ordered the National Boundary Commission to rectify the error in its 11th edition of Administrative Map, which designated San Bartholomew River as the boundary between the two states, instead of River Santa Barbara. The error was said to have surfaced in the 11th edition of Administrative Map produced by the NBC in 2002. The NBC was…

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LAW & CRIME Oil & Gas 

Police nab 2 suspected illegal refinery operators, impound 30,000 litres of fuel in Delta

Operatives of Inspector-General of Police (IGP) Special Task Force on Pipeline Vandalization,  at Ukenurhie community in Ughelli North Council area of Delta state, arrested two suspected illegal refinery dealers and an estimated 30,000litres of locally-refined diesel. Making the arrest in a sting operations led by the Operations Officer, Federal Task Force, Abuja, SP Yakubu Salisu, and four other commanders comprising Warri, Isoko, Sapele and Intels, the team also impounded two bus load of locally-made diesel. The two suspects, a 39-year old woman, who gave her name as Fejiro, disclosed that…

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Oil & Gas 

Aiteo raises the alarm on crude oil theft

An indigenous oil firm, Aiteo, has raised the alarm over the continued attack on its pipelines by suspected crude oil thieves in the Niger Delta region.  Aiteo is the operator of the Nembe Creek Trunk Line (NCTL) which has a 117km pipeline, stretching from Bayelsa to Bonny in Rivers State, with 600,000 barrels per day design capacity. Aiteo Managing Director, Victor Okorokwo, who disclosed this in Yenagoa during a presentation at the gathering of key players in the oil and gas industry, lamented that the activities of the crude oil thieves…

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NEWS Oil & Gas 

Creation Of Modular Refineries Would Cut Revenue Loss To About N2 Trillion Annually- Sen. Enang

The Senior Special Assistant to the President on Niger Delta Affairs, Sen. Ita Enang, said that the establishment of modular refineries in the country would cut a whooping revenue loss to the tune of N2 trillion annually. Enang made this known when representatives of local refiners, drawn from states in the Niger Delta under the aegis of Domestic Refinery Owners Association, paid him a courtesy visit in his office in Abuja. He said from information available to him, Nigeria was losing close to N2trn annually to illegal oil refining, adding…

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