Oil & Gas
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Oil price drops to $74.18, as Russia rallies OPEC on market stability
Brent, the oil against which Nigeria’s crude is priced, dropped marginally on Tuesday, shedding 32 cents to close at $74.18…
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Fear of fuel scarcity looms as tanker drivers embark on strike
The Chairman of Independent Petroleum Marketers Association of Nigeria, IPMAN, Rivers chapter, Mr. Joseph Ebele has said that the ongoing…
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PIB: Whether 3% or 5% to host communities, I care less, what’s the wellbeing of the people? Nasarawa Gov
Nasarawa State Governor, Abdullahi Sule, has faulted the debate over the Petroleum Industry Bill allocation for oil-producing states. Governor Sule…
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PIB: Outrage in Niger Delta over 3% allocation for host communities
The National Assembly may have to go back to the drawing board to do an amendment of some of the contentious…
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PIB: Oil host communities abandoned as Northern lawmakers, govs override Southern counterparts
Two weeks after both Chambers of the National Assembly passed different versions of the Petroleum Industry Bill (PIB), the fallout…
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Nigeria suffers 21,300 barrels of oil losses to spill — NOSDRA
Nigeria suffered losses amounting to 21,291.673 barrels of oil, an equivalent of 3,364,084.375 litres, due to spill in 2020, according…
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PIB: South-South in Plateau faults 3% allocation to oil host communities
Indigenes of Rivers State and the South-South in Plateau State at the weekend fault the National Assembly for passing into…
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PIB: Give host communities 10 per cent or we eject IOCs, Clark warns Lawan, Gbajabiamila
The leader of the Pan-Niger Delta Forum (PANDEF), Chief Edwin Clark, has called for the review and amendment of the…
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PIB: UPU describes 30% to North through ‘oil frontiers’ as provocative, rejects 3% for host communities
The Urhobo Progress Union (UPU) has rejected the proposed three per cent allocated to oil-bearing and pipeline-bearing host communities, maintaining…
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Niger Delta groups reject 3% PIB allocation for host communities
Some Niger Delta leaders and groups from the region have expressed mixed reactions following the passage of the Petroleum Industry Bill…
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