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NNPC secures $1 billion for upstream operations

The Nigerian National Petroleum Corporation (NNPC) has secured a prepayment funding of $1billion to support the upstream operations of its subsidiary, Nigerian Petroleum Development Company (NPDC), it was gathered at the weekend. The crude oil prepayment has enabled NNPC to pay NPDC’s tax obligations to the Federal Government, of $700million …

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FG no longer fixing petrol price – Sylva

The Minister of State for Petroleum Resources, Chief Timipre Sylva, has reiterated the Federal Government is no longer fixing the pump price of petroleum products in the country. Sylva made this known while briefing newsmen on the increase in the pump price of Premium Motor Spirt (PMS), also known as …

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PEF, PPPRA to be merged in new PIB –Minister

Minister of State for Petroleum Resource, Timipre Sylva, says two regulatory bodies in the oil and gas sector will be merged as one regulator in the new Petroleum Industry Bill. Sylva disclosed this while briefing newsmen in Abuja on Thursday. The two agencies are Petroleum Equalisation Fund and Petroleum Products …

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Chevron, NUPENG meet over sacked workers

The management of Chevron Nigeria Limited says it has engaged the leaders of the Nigerian Union of Petroleum and Natural Gas Workers over the 175 workers laid off by one of its contract companies. Mr Esimaje Brikinn, the company’s General Manager, Policy, Government and Public Affairs, made this known in …

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PENGASSAN, NUPENG Suspend Strike Action

The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) and the National Union of Petroleum and Natural Gas (NUPENG) have suspended its 5-day strike. The bodies embarked on the strike following the non-payment of their salaries by the Federal Government. Confirming the suspension, the National Public Relations Officer, …

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Petrol supply disruption imminent as PENGASSAN begins strike

The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), yesterday, began a three-day strike over unpaid salaries. Similarly, the Medical and Health Workers Union of Nigeria (MHWUN) has said there would be “war” if the Nigerian government did not fulfil its promises to the health sector. PENGASSAN national …

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