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NUPENG Direct Members to Shut Down Services in Kaduna State

The Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) has directed its members to shut down services in Kaduna State with effect from May 16. The directive was in compliance to Nigeria Labour Congress (NLC) five days warning strike over the sack of workers in the state. NUPENG’s General Secretary, Mr Afolabi Olawale gave the directive in a letter ...

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Oil Industry Generated N23.8 Billion VAT in First Quarter – NBS

The oil and gas sector comprising of the upstream, midstream and downstream sub-sectors generated N23.84bn in Value-Added-Tax for the Federal Government in the first quarter of 2021. The National Bureau of Statistics disclosed this in its latest report on Statistics’ Sectoral Distribution of VAT report for Q1 2021. The oil producing sector recorded the highest remittances of VAT at N15.80bn ...

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Refineries : NNPC Sets to Pick Firms For Operation and Maintenance Services

The Nigerian National Petroleum Corporation (NNPC) is now set to pick Engineering firms for the operation and maintenance (O&M) services of the nation’s three major Refineries. NNPC yesterday commenced a bidding process for the provision of the O&M services at the country’s three petroleum refineries. The facilities include: the Port Harcourt Refining Company (PHRC), Warri Refining and Petrochemical Company (WRPC) ...

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NPA: CSOs Back Reps, want EFCC to Probe Non-Remittances Under Bala-Usman

Some civil society organisations have supported calls by a cross section of members in the House of Representatives for the Economic and Financial Crimes Commission to probe the Nigerian Ports Authority under the leadership of its suspended Managing Director, Hadiza Bala-Usman. Last week, the President, Muhammadu Buhari was said to have insisted in probing the alleged non-remittance of N165.32bn operating ...

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Oando and Sahara Energy Selected for NNPC Crude Oil Deal

o and Sahara Energy are among the oil trading firms selected by Nigerian National Petroleum Corporation (NNPC) for the crude oil swap deal NNPC has picked 16 consortia for its new crude-for-fuel swap contracts for one year starting in August. In December, the corporation had issued an invitation to tender to companies interested in the direct-sale-direct-purchase contract (DSDP). Speaking at ...

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Shell Targets 50 Percent Crude Slash for 2035

Dutch Shell Plc’s head expects clean energy to make up half of the company’s energy mix “somewhere in the next decade.” Like its European peers, the Anglo-Dutch major has set itself an “ambition” to become a net-zero emissions energy company by the middle of this century. The feat involves producing less oil, more gas and renewables, as well as using ...

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NLC Backs NUPENG, Kicks Against Petrol Subsidy Removal

The Nigerian Labour Congress on Thursday insisted that petrol subsidy must not be removed and that it would not shift grounds on this position until Nigeria’s refineries were fixed. NLC’s position came as a support to the earlier declaration of the Nigeria Union of Petroleum and Natural Gas workers where NUPENG kicked against the advice of the Presidential Economic Advisory ...

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Power Outage as National Grid Collapses

The national electricity grid suffered a system collapse on Wednesday, leading to power outage across the country. Ndidi Mbah, spokesperson of the Transmission Company of Nigeria (TCN), said there is ongoing effort to fully restore electricity on the grid. “The Transmission Company of Nigeria hereby states that at about 11.01 am today, 12th of May, 2021, there was a total ...

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