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Shell Nigeria Exploration and Production Company (SNEPCO) is now set to get the first female Managing Director in the person of Elohor Aiboni, as Bayo Ojulari the current Managing Director retire at the end of July.Bayo who will be retiring from his position as SNEPCO’s Managing Director effective July 31 2021, has been an exceptional leader with over 24 years ...

The Oil and Gas Alternative Dispute Resolution Centre (ADRC) has resolved its first case in line with the objective of the Federal Government for speedy resolution of disputes in the industry. Mr Paul Osu, Head, Public Affairs, Department of Petroleum Resources (DPR), made the announcement in a statement issued in Lagos. Osu said four other cases were currently at hearing ...

The Port Harcourt Zone of the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has sounded a note of warning over the rising insecurity in the zone, saying the development if not checked and curtailed may have a devastating effect on the socio-economic well-being of the Nation.The Zone which harbours some major oil and gas producing states in ...

….by Ben Ndubuwa…..The Presidential Economic Advisory Council (PEAC) last week called on President Muhammadu Buhari to remove subsidy on Premium Motor Spirit ( PMS) otherwise known as Petroll and adopt a pricing regime that reflects the cost of the commodity. The demand by PEAC to remove subsidy came in a recent meeting with the President in which they warned that ...

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 ...

orld Bank has said that only 22 percent of Nigeria’s poor household have access to electric power from the national grid. The Bank noted that most poor households in Nigeria are not connected to the country’s electricity supply network as only 22 per cent of the poorest of them have access to grid power. This analysis is contained in its ...

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 ...

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) ...

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 ...

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 ...