Cleanup of Ogoniland in progress— Jibril, Minister of State for Environment
The Minister of State for Environment, Ibrahim Jibril has revealed that contrary to speculations that the Federal Government has dumped the cleanup of polluted Ogoniland, work is seriously in progress. In a recent visit to an Abuja based media group,…
Ubah & N11Bn Petrol: Lawyers disagree with DSS over mention of death penalty
Since the Department of State Services (DSS), mentioned that the discovery that Ifeanyi Ubah, chief executive officer, Capital Oil and Gas Limited, allegedly diverted about 80 million litres of Premium Motor Spirit (petrol), kept in his custody by the Nigerian…
Worst disruptions in oil communities over, we look ahead to 2.2mbpd soon—Oando
Relying on the sustained peace in oil producing communities since the visit of Acting president some months ago, the chief executive of Oando Plc is upbeat that production could reach 2.2 million barrels per day (bpd) by the end of…
NNPC gives insights on how Ifeanyi Ubah diverted N11bn PMS
Since the arrest and detention of the Managing Director of Capital Oil and Gas Limited, Ifeanyi Ubah, by the security agencies on the orders of the Nigerian National Petroleum Corporation (NNPC), more facts have emerged on how the problem started…
Failed refineries, stoppage of imports by independent markets force NNPC to SWAP deals
Indications have emerged that the Nigerian National Petroleum Corporation (NNPC) is currently in serious trouble of sustaining the current pump price of petrol following the inability of all four refineries to measure up to expected rise in production after repairs….
Conversion of illegal refineries to modular may worsen environmental crisis in N/Delta if…
Petroleum products refining experts have warned the federal government to be very careful in setting out the guidelines for the conversion of hundreds of illegal refineries popularly called ‘Kpor-Fire’ in the oil rich Niger Delta for the sake of associated…
Danger looms as NNPC gives signal showing tired of importing Petrol alone
Indication emerged in Lagos on Wednesday that crisis causing scenario may be hovering in the nation’s downstream petroleum sector which may land the country in another deadly round of fuel scarcity and eventual hike in pump price even in recession….
How IOCs failed to pay $14.3b penalty for gas-flaring to FG in 8 years
Fresh figures from the Department of Petroleum Resources (DPR) and Nigerian National Petroleum Corporation (NNPC) have shown that International Oil Companies (IOCs) failed to pay about $14.298 billion between April 2008 and October 2016 as penalty for gas-flaring to the…
DSS arrested Capital Oil boss, Ifeanyi Ubah over N11 billion dirty petrol runs
The Department of State Security (DSS) has given the reason behind the weekend arrest of Mr. Ifeanyi Ubah, the chairman of Capital Oil and Gas Limited. In a statement issued by the Service and signed by the spokesman, Tony Opuiyo,…
Militancy set to end as Senate passes law to establish Maritime Varsity in N/Delta
There are signals that this present government has started permanent resolution of issues raised by rampaging militants in the oil rich Niger Delta. It was observed that since the last peace meeting with the federal government where the demands of…
