The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has called on the Federal Government to settle all debts allegedly owed oil marketers to avert mass sack of workers in the sector. The union also believed that the payment would engender growth of not only the downstream sector but all sectors of the oil and gas industry and … Read More

Crude oil production freeze is now imminent for Nigeria, as the country’s oil production increased by 138,300 barrels per day (bpd) from the 1.723 million (bpd in July to 1.861million bpd, according to the latest report from the Organisation of the Petroleum Exporting Countries (OPEC). This has made the country to exceed its allocated crude oil production level by the … Read More

Poverty remains the most widespread disease across Africa. In Nigeria, despite that fact that we have a lot of money, poverty remains one of our biggest problems. We have been described as a rich nation whose people are poor. Because we have not been deploying the riches from our natural resources, mainly crude oil, towards the creation of wealth and … Read More

Nigerian National Petroleum Corporation, NNPC, and its upstream joint venture partner, ExxonMobil, are seeking new measures to expand existing operational portfolio to increase crude oil production and availability of gas for power generation. Group Managing Director, NNPC, Dr. Maikanti Baru, said this in Abuja after a meeting with a high-powered ExxonMobil delegation led by the Senior Vice President, Mr. Jack … Read More

Total Exploration and Production Nigeria Limited (TEPNG), and Greenville Oil and Gas Limited have floated an initiative that will process raw gas into domestic Liquefied Natural Gas (LNG) to boost power generation and industrialisation in the country. The agreement is expected to deliver 74 million standard cubic feet (scf/d) of gas to Greenville $50million Mini-LNG facility in Rumuji in Rivers … Read More