Oil & Gas

Russia’s Gazprom has suspended gas deliveries to Italy’s Eni, blaming a transport problem in Austria, the Italian energy giant said on Saturday. “Gazprom told us that it was not able to confirm the delivery of the volumes demanded for today, citing the impossibility of gas transport through Austria,” Eni said …

The Nigerian National Petroleum Company Ltd has acquired the downstream assets of OVH effectively making it the biggest downstream company in Africa. The acquisition was announced on Saturday in Abuja during the unveiling and rebranding of one of the retail station station of OVH to NNPC. The event was attended …

Nigeria, pushing through the Nigeria National Petroleum Company Limited (NNPC Ltd) and other players, aims to take the annual utilisation of Liquefied Petroleum Gas (LPG) to over 3 million metric tons within five years, rising from the 1.7m MT recorded last year. The Group Executive Director, Downstream, NNPC Ltd, Engr. …

Sustainable energy transition is generally understood as a concept of developing robust, effective and efficient energy sectors across the globe without compromising the present and future socio-economic and environmental security. No doubt, the oil and gas companies will be facing a critical challenge as the world increasingly shifts towards clean …

“Instead, military officers deployed in the region, working with other actors have become part of an endless racket of oil thieves and vandals. Crude oil theft is not surreptitious and requires a highly planned and organised operation. – Dakuku Peterside ________________________________________ Autolycus in Ancient Greek mythology achieved fame and notoriety …

A Former national chairman of Petroleum Tanker Drivers Branch of NUPENG, Comrade (Otunba) Salimon Akanni Oladiti says players in the downstream sector of oil and gas industry believe that the Presidential candidate of the All Progressives Congress, Bola Ahmed Tinubu will instill sanity into the sector, if he is elected. …

Members of the Petroleum and Natural Gas Senior Staff Association of Nigeria on Thursday commenced a nationwide protest over crude oil theft. This news website gathered that the oil workers were seen at the Unity Fountain in Abuja carrying banners with inscriptions such as ‘Chasing Oil Thieves And Vandals Out …

The Nigeria Security and Civil Defence Corps has dissolved all anti-vandal teams nationwide, this news website can confirm. NSCDC Commandant General, Ahmed Audi, said the dissolution was part of the reorganisation efforts of the Corps and a way of redeeming the image of the service. He added that investigation is …

Governor Nyesom Wike has reacted to the shutting down of the premises of the Petroleum Products Marketing Company (PPMC), a subsidiary of the Nigerian National Petroleum Company Limited (NNPC), over its outstanding liability of over N42 billion between 1999 and 2020. The Rivers State Internal Revenue Service (RIRS) sealed up …

Ahead of the 2023 budget presentation, the Federal Government on Monday reiterated petrol subsidy will remain in place until mid-2023. According to the Minister of Finance, Zainab Ahmed, the government is proposing to spend only N3.36 trillion for petrol subsidy in 2023. She made the comment while meeting with the …