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  • Akwa Ibom elders ask National Assembly to call President Buhari to order

    • June 9, 2020
    • Posted by: Precious David
    • Category: Uncategorized
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    Elders in Akwa Ibom state under the aegis of Akwa Ibom Leaders Vanguard, have asked the National Assembly to rise to its constitutional oversight and check excesses of the federal executive arm of government. In a statement sent to journalists on Friday, February 28, the elders expressed concern over the persistent depletion of Nigeria’s reserves.

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  • Ownership structure, best way to fix refineries, says PENGASSAN

    • June 9, 2020
    • Posted by: Precious David
    • Category: Uncategorized
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    President, Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), Ndukaku Ohaeri, has advocated the need for the ownership structure of the refineries, saying the development is the best way to add value to the economy. Specifically, he advocated the need to align the ownership change of the assets as in the Nigeria Liqufied

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  • CRUDE OIL THEFT: Nigeria loses an estimated $20.4B annually, says Gbajabiamila

    • June 9, 2020
    • Posted by: Precious David
    • Category: Uncategorized
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    Speaker of the House of Representatives, Femi Gbajabiamila, on Tuesday disclosed that crude oil theft in Nigeria is estimated at about four hundred thousand barrels per day, which is equal to an estimated revenue loss of about one billion, seven hundred million dollars a month and twenty billion, four hundred million dollars annually.Gbajabiamila made the

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  • How oil companies evade over N258b gas flare penalty yearly

    • June 9, 2020
    • Posted by: Precious David
    • Category: Uncategorized
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    • FIRS Must Set Up An Oil And Gas Industry-specific Crack Team To Monitor Infractions – Ameh • JV Arrangements Fuelling Gas Flare Challenges – Bassey • Increase In Penalty Responsible For Discrepancies – Manufor • Inconsistent Gas Flare Figures Is Because Oil Companies Are Unwilling To Pay New Penalty Rate – Obi There are

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  • FG urged to establish independent protocols for auditing gas flares

    • June 7, 2020
    • Posted by: Precious David
    • Category: Uncategorized
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    The Federal Government has been urged to set up independent gas flares reporting and auditing protocols to determine the exact volume of gas flared by oil companies in the country. Besides, the National Assembly should ensure that the volume of gas flared, attract the appropriate penalties and payment made a accordingly. In a paper presented by Solomon Adeleye,

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  • AfriTAL WEBINAR SERIES ON PIB (Petroleum Industry Bill): MYTHS AND REALITIES

    • June 7, 2020
    • Posted by: Precious David
    • Category: Uncategorized
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      The Nigerian National Assembly has been asked to hasten the passage of the Petroleum Industry Bill (PIB). The call was part of the resolutions reached at the end of a webinar training on “Impact of Gas Flare on Oil Producing Communities and Discrepancies in Gas Flare Data –  a  Clarion Call to Action”, which was organized by African

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  • AfriTAL MEDIA AND CSOs GAS FLARE TRAINING

    • May 8, 2020
    • Posted by: Precious David
    • Category: Uncategorized
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  • Group laments lack of blueprint to end gas flaring

    • May 4, 2020
    • Posted by: Precious David
    • Category: Uncategorized
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    Nigeria Delta-based group, Centre for Environment, Human Rights and Development (CEHRD) has expressed concern over the inability of the Federal Government to develop a blueprint aimed at ending air pollution in the region. The group in a statement signed by Dr. Kabari Sam, Head, Environment and Conservation, said the government has jettisoned its policy to

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  • ‘How to generate N15tr from oil despite slump’

    • April 4, 2020
    • Posted by: Precious David
    • Category: Uncategorized
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    Though the global oil market is currently crippled by the outbreak of COVID-19, Nigeria could generate over N15 trillion yearly from the industry, some stakeholders have said. According to the stakeholders, in 2018 when the price of oil was fair, Nigeria only recorded $32.63 billion (about N12 trillion) from the sector, but when reformed and

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  • Depressing oil and gas business is real and it knows no borders.

    • October 18, 2019
    • Posted by: Dr. Louis Ogbeifun
    • Category: Uncategorized
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    [ad_1] by Louis Brown Ogbeifun: In the United States of America, 26 shale oil companies have so far filed bankruptcies in 2018 as against 28 in 2019. According to ZeroHedge, “Oil and gas companies are facing an onslaught of bankruptcies as the “shale revolution” appears to be coming to an unceremonious end, at least on Wall Street,

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