PPMC BDC

President, Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), Comrade Francis Olabode Johnson, led other members of the Central Working Committee (CWC) to participate in the 5th Triennial Delegates Conference of the PENGASSAN PPMC Branch at Top Rank Galaxy Hotel, Utako, abuja on Wednesday, 10th October, 2018. Past leaders of the Branch were also in attendance. CONTINUE

PENGASSAN NAOC Branch

Pictures of events at the 5th Triennial Delegates Conference of the PENGASSAN NAOC Branch at Eko Hotel & Suites, Victoria Island, Lagos on Friday October 5, 2018. The event was attended by the leadership of PENGASSAN led by the President Comrade Francis Olabode Johnson. Other Branches were also represented by their chairmen and BEC members. At the occasion, Comrade Peter Onita was re-elected as Chairman to lead the Branch for another three year-term.

CONTINUE

NEWS REVIEW FOR TUESDAY, SEPTEMBER 4, 2018

Oil & Gas
PIGB: As Nigeria’s Oil Reform Hits Brick Wall
Hopes that Nigeria would enact the much-needed reforms in her oil and gas industry may have been dashed once again with President Muhammadu Buhari’s refusal last week to assent to the Petroleum Industry Governance Bill (PIGB), an offshoot of the omnibus Petroleum Industry Bill (PIB)

PIGB: As Nigeria’s Oil Reform Hits Brick Wall

NUPENG to boost workers’ welfare for maximum productivity
Plans are underway by the President Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) to increase the welfare of its workforce to boost productivity.

NUPENG to boost workers’ welfare for maximum productivity

We didn’t complain over rail infrastructure, PIGB delay — NCDMB
The Nigerian Content Development and Monitoring Board (NCDMB) has debunked the sensational headlines reported in some newspapers last week to the effect that the Board has queried the infrastructural development in the rail sector and delayed passage of the Petroleum Industry Governance Bill (PIGB).

We didn’t complain over rail infrastructure, PIGB delay — NCDMB

AKK gas pipeline project to commence next month – NNPC
The Nigerian National Petroleum Corporation, NNPC, Monday, stated that work would commence on the Ajaokuta-Kaduna-Kano, AKK, pipeline project by October, at the onset of the dry season.

AKK gas pipeline project to commence next month — NNPC


https://www.dailytrust.com.ng/chinese-oil-firm-agrees-to-secure-funds-for-nnpcs-2-8bn-akk-project.html

Forex irregularities scare marketers off kerosene importation
Oil marketers in Nigeria are still reluctant to resume the importation of Dual Purpose Kerosene (DPK), after abandoning the venture for over two years on the grounds of unprofitability.

Forex irregularities scare marketers off kerosene importation

Crude oil sells at $78.24 as output peaks
Members of the Organisation of Petroleum Exporting Countries (OPEC) last month produced 32.74 million barrels of crude oil per day, as price rose sharply to $78.24.

Crude oil sells at $78.24 as output peaks

Chevron Put Commitment to Nigeria’s Local Content at $2bn
Chevron Nigeria Limited (CNL) has said its financial commitment to the development of Nigeria’s local content law in the operations of the country’s oil and gas industry has now reached $2 billion.

Chevron Put Commitment to Nigeria’s Local Content at $2bn

Group raises alarm over activities of expatriates in oil sector
A civil society group, Campaign Against Impunity (CAI) has raised an alarm over activities of a certain group of expatriates in the nation’s oil sector, allegedly frustrating indigenous oil companies.
https://www.dailytrust.com.ng/group-raises-alarm-over-activities-of-expatriates-in-oil-sector.html

NPA reports gains of new oil cargo handling policy
THERE are indications that the breaking of monopoly over handling of oil and gas consignments has enabled oil companies to cut cost of operations in Nigeria.

NPA reports gains of new oil cargo handling policy

Total’s Egina FPSO arrives field
The Nigerian National Petroleum Corporation (NNPC), Total Upstream Nigeria Limited, TUPNI and her partners have announced the successful sail-away of Egina Floating, Production, Storage and Offloading (FPSO) unit from the SHI-MCI Yard, LADOL Island in Lagos.
https://www.dailytrust.com.ng/totals-egina-fpso-arrives-field.html

Navy inaugurates 16 patrol vessels to patrol key oil installations
THE Nigerian Navy, yesterday, inaugurated 16 patrol vessels which are to be deployed to patrol and police key oil installations within the maritime domain.

Navy inaugurates 16 patrol vessels to patrol key oil installations

Navy Deploys 16 Warships to Critical Oil Installations in N’Delta, W’Africa

Customs intercept N1.5bn smuggled petroleum products
The Nigeria Customs Service, Federal Operations Unit,, Zone ‘A’ Ikeja, said that it had intercepted N1.5bn worth of petroleum products about to be smuggled out of the country to Benin Republic.

Customs intercept N1.5bn smuggled petroleum products


Get involved in oil industry reform, NCDMB boss tells lawyers
Nigerian Lawyers have been told to get more involved in the ongoing reforms in the Oil and Gas Industry.
https://www.dailytrust.com.ng/get-involved-in-oil-industry-reform-ncdmb-boss-tells-lawyers.html

Other News
Why China has an edge over UK, US in Africa —Kachikwu
Minister of State for Petroleum Resources, Dr Ibe Kachikwu, weekend, said China has an edge over the US and UK in Africa because it was providing what Africa needed.

Why China has an edge over UK, US in Africa —Kachikwu

Only fraudsters will demand money to process pension — PTAD
THE Pension Transitional Arrangement Directorate, PTAD, has warned pensioners to avoid persons who demand money to process their pension payments, saying that such persons are likely to defraud them.

Only fraudsters will demand money to process pension — PTAD

Support FG’s proposed new minimum wage, TUC urges govs
Bayelsa State chapter of Trade Union Congress of Nigeria, TUC, has appealed to state governors and other stakeholders across the country to support the on-going move by the Federal Government for a new minimum wage for workers in the country.

Support FG’s proposed new minimum wage, TUC urges govs

Nigeria’s external debt rises by $11.77bn in three years
Nigeria’s external debt commitment rose by $11.77bn in the last three years, investigation has shown.

Nigeria’s external debt rises by $11.77bn in three years

Insecurity: SGF inaugurates committee on peace commission establishment
Secretary to the Government of the Federation, Mr Boss Mustapha, has inaugurated a committee on the establishment of the National Peace Commission with the acting Director General of the Institute for Peace and Conflict Resolution, Dr Bakut Bakut, as chairman.

Insecurity: SGF inaugurates committee on peace commission establishment

South Africa Slips into Recession
South African President Cyril Ramaphosa unexpectedly suffered the same false start as his predecessor nine years ago: a recession in his first six months in office.

South Africa Slips into Recession

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THE OFFICIALS OF THE BRANCH OF ZENITH BANK MATORI PLC PAID A COURTESY VISIT TO PENGASSAN PRESIDENT

The officials of the Matori Branch of Zenith Bank Plc led by Mrs ijeoma Umeasiegbu paid a courtesy visit on the President of the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), Comrade Francis Olabode Johnson at Association’s head office at Ikorodu Road, Lagos for consolidation of the relationship between the bank and the Association. PENGASSAN offiational Treasurer, Comrade Victor Ononokpono; General Secretary, Comrade Lumumba Okugbawa; Deputy General Secretary Finance and Administration, Comrade Joseph Oshiokpekhai and Deputy General Secretary Industrial Retaions,Comrade Ngozi Okagbue.

SAMSUNG CAMERA PICTURES

NEWS REVIEW FOR WEDNESDAY, AUGUST 29, 2018

NEWS REVIEW FOR WEDNESDAY, AUGUST 29, 2018

Buhari withholds assent to 17-year-old oil bill
President Muhammadu Buhari has withheld assent to the Petroleum Industrial Governance Bill (PIGB). The decision is coming after 17 years of rigorous consultations and legislative hassles on the document.

Buhari withholds assent to 17-year-old oil bill

NNPC to establish 200,000bpd condensate refineries
The Nigerian National Petroleum Corporation (NNPC) is to establish two condensate refineries with 200,000 barrels per day (bpd) refining capacity at Western Forcados Area and Assah North, Ohaji South (ANOH) Delta and Imo states.

NNPC to establish 200,000bpd condensate refineries

NNPC to establish two condensate refineries

FG denies alleged plans to sell NLNG
The Federal Government on Tuesday, denied that there were plans to sell the Nigerian Liquefied Natural Gas Limited (NLNG).

FG denies alleged plans to sell NLNG

Govt denies plan to sell NLNG to reflate economy

Rising crude refining cost justifies need to harness Nigeria’s local capacity
For 2017 alone, Nigeria imported 22.5387 billion litres of petroleum products worth over N3.24 trillion from foreign refineries. This is likely going to soar this year given the rising crude prices in the global marketplace. STANLEY OPARA, in this report, examines the need to harness local refining capacity.

Rising crude refining cost justifies need to harness Nigeria’s local capacity

FG suspends pipeline monitoring contract over oil theft
The Federal Government has suspended the contract it awarded to Topline Security, a private firm, for the protection of petroleum pipelines belongings to the Nigerian National Petroleum Corporation (NNPC).

FG suspends pipeline monitoring contract over oil theft

$3.3bn Egina FPSO has opened Nigeria for more investments, say stakeholders
The $3.3 billion Floating Production Storage Offloading (FPSO) unit that sailed away in the early hours of Sunday from Lagos to the 200,000 barrels per day Egina oilfield has opened new vistas for investments into Nigeria from all over the world, according to stakeholders.

$3.3bn Egina FPSO has opened Nigeria for more investments, say stakeholders

Egina FPSO sail-away buoys oil, gas production increase
Anticipated increase by 200,000 barrels of oil per day to Nigeria’s oil production (approximately 10 per cent of the country’s total oil production) received impetus following the successful sail-away of the Egina Floating, Production, Storage and Offloading (FPSO).

Egina FPSO sail-away buoys oil, gas production increase

$3.3bn Egina FPSO to arrive offshore oilfield this week
The $3.3 billion Floating Production Storage Offloading (FPSO) unit that sailed away in the early hours of Sunday from Lagos to the 200,000 barrels per day Egina oilfield will arrive at the offshore field this week, investigation has revealed.

$3.3bn Egina FPSO to arrive offshore oilfield this week

Group petitions presidency, EFCC over 30,000 job losses in Egina FPSO
Young professionals in the oil and gas sector yesterday petitioned President Muhammadu Buhari and the Economic and Financial Crimes Commission (EFCC) to protest against corruption in the sector, which has led to the loss of 30,000 jobs.

Group petitions presidency, EFCC over 30,000 job losses in Egina FPSO

Faltering growth affirms Nigeria’s oil dependence
Just because the nation’s oil sector lost its steam to the tune of four per cent, the non-oil sector, with its impressive 10-quarter high at two per cent, could not deliver the country from the pangs of economic slowdown.

Faltering growth affirms Nigeria’s oil dependence

Deepen local content in maritime, oil & gas sectors, FG told
Agencies of the Federal Government regulating the maritime and oil & gas sectors have been charged to improve implementation of local content policies in order to enable establishment of indigenous companies and employment generation in the two sectors

Deepen local content in maritime, oil & gas sectors, FG told

Shell Nigeria Gas marks 20 years, implements health programme
Shell Nigeria Gas (SNG) has marked its 20th anniversary as a gas distribution company, and has implemented a health programme as part of the activities marking the event.

Shell Nigeria Gas marks 20 years, implements health programme


Nestoil blames delay of OB3 pipeline on weather
The delay in completion of the Obiafu, Obrikom, Oben (OB3) gas pipeline has been attributed to bad weather owing to flooding from continual rainfalls in areas of operation.

Nestoil blames delay of OB3 pipeline on weather

Claims on NNPC operations pit APC against PDP
To the Peoples Democratic Party (PDP), the Nigerian National Petroleum Corporation (NNPC) is economical with the truth on remittances into the Federation Account.

Claims on NNPC operations pit APC against PDP

OTHER NEWS
FMBN, labour plan 2,800-unit housing scheme
The Federal Mortgage Bank of Nigeria (FMBN) and leading labour unions have agreed to begin the implementation of a national affordable housing programme for workers.

FMBN, labour plan 2,800-unit housing scheme

FMBN, labour unions plan affordable housing programme for workers

Nigeria, home to highest number of world’s very poor people –UK Prime Minister
The Prime Minister of the United Kingdom, Mrs Theresa May, has painted a grim picture of economic inequality in Nigeria and many other countries in Africa.

Nigeria, home to highest number of world’s very poor people –UK Prime Minister

Buhari administration has spent N500bn to alleviate poverty, says Osinbajo
Nigeria’s vice president Yemi Osinbajo on Tuesday said the government has injected the sum of N500 billion to create wealth and alleviate poverty.

Buhari administration has spent N500bn to alleviate poverty, says Osinbajo

Why Nigeria’s economic recovery is slowing down
Ordinarily there should be so much going for Nigeria’s economy. Production of crude oil at about 2 million barrels per day at a good price of about 70 dollars per barrel is yielding good foreign exchange for the Nation, helping to boost foreign reserves which today stand at about 47.25 Billion dollars.

Why Nigeria’s economic recovery is slowing down


What it takes to register a business name
In Nigeria, many small businesses pay little attention to having their business entities registered.

What it takes to register a business name

Ogun not remitting pension deductions since 2015—SPN
THE problem of remittanc-es of pension deductions from workers’ salaries and payment of pensions to retired civil servants by state governments across the country, has reached a boiling point.

Ogun not remitting pension deductions since 2015—SPN

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NUPENG COURTESY VISIT TO PENGASSAN

The President of the National Union of Petroleum and Natural Gas Workers (NUPENG), Comrade Williams Akporeha and the Deputy General Secretary (DGS) Operations, Comrade Olawale Afolabi paid a courtesy call on the PENGASSAN President, Comrade Francis Olabode Johnson, at PENGASSAN National Secretariat in Lagos on Friday. In attendance were the General Secretary, Comrade Lumumba Okugbawa; Deputy General Secretary Finance & Admin, Comrade Joseph Oshiokpekhai; Deputy General Secretary Industrial Relations, Comrade Ngozi Okagbue; and Assistant General Secretary Research & Development, Comrade Jerry Amah.

 

 

NEWS REVIEW FOR TUESDAY, AUGUST 28, 2018

NEWS REVIEW FOR TUESDAY, AUGUST 28, 2018
Oil & Gas
Oil sector depresses Nigeria’s Q2’18 GDP
The National Bureau of Statistics (NBS) has disclosed that the decline in Nigeria’s oil production has slowed the country’s Gross Domestic Product (GDP) to 1.5 percent in the second quarter of 2018 (Q2’18).

Oil sector depresses Nigeria’s Q2’18 GDP


Tanker drivers commend government for improving road infrastructure
The Petrol Tanker Drivers (PTD) branch of the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG), has commended the Minister of Works, Power, and Housing, Babatunde Raji Fashola, on improvement in infrastructure development across the country.

Tanker drivers commend government for improving road infrastructure


Excess oil revenue rises to $58m per day as price hits $76 per barrel
Nigeria’s excess oil revenue has increased from $48.3 million to $58 million per day as international oil price leaps to $76 per barrel Monday from $72.

Excess oil revenue rises to $58m per day as price hits $76 per barrel


Oil rises, world stock index at highest in over 5 months on NAFTA hopes
An index of major world stock markets rose to its highest level in more than five months on Monday, following signs of progress on a U.S.-Mexico trade deal.

Oil rises, world stock index at highest in over 5 months on NAFTA hopes


Oil Will Remain Relevant in Global Energy Mix, Says Shell Boss
Crude oil as a major component of the global and local energy mix, will continue to remain relevant in the medium term, but expectations on the commodity have gradually changed, the Managing Director of Shell Petroleum Development Company of Nigeria Limited (SPDC) and Country Chair of Shell Companies in Nigeria, Mr. Osagie Okunbor has disclosed.

Oil Will Remain Relevant in Global Energy Mix, Says Shell Boss


Crude Oil Price Rises to $76 per Barrel
The price of the global benchmark, Brent oil rose yesterday to $76 per barrel even as global output continued to rise while a trade dispute between the United States and China capped gains.

Crude Oil Price Rises to $76 per Barrel


Oil Consortium to deliver 1.8bn litres PMS, save $1.7bn
JIL-AMBER Consortium, involving JIL Engineering & Oil Services Limited and Amber Enerji Makina Logistics, is set to deliver 1,898,460,000 litres of petrol as part of moves to enable Nigeria exit massive importation by 2019.

Oil Consortium to deliver 1.8bn litres PMS, save $1.7bn


Total sells equity in Hazira terminal, signs LNG agreement with Shell
Total has signed a binding Letter of Intent (LOI) with Shell for the sale of its 26 per cent minority equity stake in Hazira LNG regasification terminal in India.

Total sells equity in Hazira terminal, signs LNG agreement with Shell


JV funds’ll attract investments in oil sector – Shell
Improvement in the release of joint venture funds for oil and gas projects by the Federal Government through the Nigerian National Petroleum Corporation will attract more investments to Nigeria’s oil sector, Shell Petroleum Development Company of Nigeria has said.

JV funds’ll attract investments in oil sector – Shell


Nigeria export to Denmark rises by 157 % in 2018, says envoy
Denmark ambassador to Nigeria, Torben Gettermann, says Nigeria export to Denmark rose by 156.6 per cent within the first three months of 2018 in relation to the same period in 2017.

Nigeria export to Denmark rises by 157 % in 2018, says envoy


AVEON Offshore, National Oilwell Varco delivers Egina OLT-BUOY project
AVEON Offshore has team-up with National Oilwell Varco, APL/NOV, to launch an EGINA OLT- BUOY.

AVEON Offshore, National Oilwell Varco delivers Egina OLT-BUOY project


Kachikwu, others to attend Future Energy conference
Minister of State, Petroleum Resources, Dr. Ibe Kachikwu, his counterpart in South Africa, H.E Jeff Radebe; Uganda, Hon. Irene Muloni and Kenya, Hon. Charles Keter along with over 300 delegates from over 50 countries and 1,500 global industry attendees are among others expected to attend the 2018 Future Energy Africa.

Kachikwu, others to attend Future Energy conference


With JTF metallic operation, crude oil thieves can’t restart business in N’Delta
THE criminal but lucrative crude oil refinery business, which once dominated the mangrove swamp of the Niger Delta is gradually being decimated, following sustained raids on the camps tucked away in the creeks by operatives of the Joint Task Force, code-named Operation Delta Safe, OPDS, in the region.

With JTF metallic operation, crude oil thieves can’t restart business in N’Delta – Major Abdullahi


Missing tanker docks in Togo after suspected hijacking
A tanker with 19 crew members on board has docked at a port in Togo after going missing for over a week in a suspected hijacking off the West African coast, the crew’s agency said on Friday.

Missing tanker docks in Togo after suspected hijacking


PANDEF writes Chevron over alleged enslavement of N-Delta graduates
PAN NIGER Delta Forum, PANDEF, the umbrella body of leaders and stakeholders of ethnic nationalities of Niger Delta, has written to Chevron Nigeria Limited, CNL, demanding a meeting over complaints that 151 graduates of the region that underwent the company’s Vocational Training Programme, VTP, were being used as bond (slave) labour, rather than given employment, three to four years after they concluded the programme.

PANDEF writes Chevron over alleged enslavement of N-Delta graduates


Osinbajo knocks IBB, Obasanjo, Jonathan, others for wasting $982.8bn oil revenues
Vice-President Yemi Osinbajo said he wondered how past Nigerian leaders, including a military dictator, Ibrahim Babangida; former President Olusegun Obasanjo and former President Goodluck Jonathan, spent the oil revenues that accrued to the country during their administrations.

Osinbajo knocks IBB, Obasanjo, Jonathan, others for wasting $982.8bn oil revenues


Oil spills: ‘Shell using JTF to force us to sign report’
The people of Aghoro 1 community in Ekeremor Local Government Area, Bayelsa State, have accused Shell Petroleum Development Company of using the Joint Military Task Force, Operation Delta Safe, to coerce their leaders into signing oil spill reports.

Oil spills: ‘Shell using JTF to force us to sign report’


JTF, Shell deny coercing Bayelsa community to endorse spill report
The Joint Task Force (JTF) in the Niger Delta and oil major, Shell on Monday denied allegations of coercing the leadership of Aghoro 1 community in Bayelsa to sign a disputed report on oil spillage.

JTF, Shell deny coercing Bayelsa community to endorse spill report

Other News
Nigeria spends $22bn annually on food importation — Audu Ogbe
THE Minister of Agriculture and Rural Development, Mr. Audu Ogbeh, has expressed displeasure over the huge funds the country spent on importation of food, adding that efforts were ongoing to reverse the trend.

Nigeria spends $22bn annually on food importation — Audu Ogbe


Manufacturing key to economic growth, devt – Dangote
EXECUTIVE Director of the Dangote Group, Hajiya Halima Aliko-Dangote has urged millennials in Nigeria and across Africa to diversify from service-oriented enterprises to manufacturing and agriculture in a bid to fast-track the development of the continent.

Manufacturing key to economic growth, devt – Dangote


Strike: NLC, TUC ban ex-Ekiti labour leaders for 10 years
FORMER Chairmen of the Nigeria Labour Congress, NLC, Ayodeji Aluko and the Trade Union Congress, TUC, Kolawole Olaiya have been barred from labour unionism for a period of 10 years for allegedly spearheading a protest where they declared an indefinite strike without authorization.

Strike: NLC, TUC ban ex-Ekiti labour leaders for 10 years

Ekiti NLC, TUC slam 10-year ban on ex-labour leaders


ASSBIFI decries deteriorating condition of workers
The Association of Senior Staff of Banks, Insurance and Financial Institutions (ASSBIFI) has drawn the attention of employers, government at various levels and other stakeholders to the deteriorating condition of workers in the country.

ASSBIFI decries deteriorating condition of workers

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NEWS REVIEW FOR THURSDAY, AUGUST 23, 2018

NEWS REVIEW FOR THURSDAY, AUGUST 23, 2018
Oil & Gas

NCDMB seeks listing of oil firms on Stock Exchange
THE Executive Secretary, Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Wabote has urged investors in Nigeria’s oil and gas industry to get listed on the Nigerian Stock Exchange, NSE in order to attract adequate funds required to grow their businesses.

NCDMB seeks listing of oil firms on Stock Exchange

Why multinationals, IOCs defy listing on NSE
Efforts by the Nigerian Stock Exchange (NSE), to woo multinational companies in the telecoms, and oil and gas sectors to list on the nation’s bourse may continue to ‘hit a brick wall’, unless government withdrew completely from private business.

Why multinationals, IOCs defy listing on NSE 

Nigeria’s net revenue lowest among OPEC members
Nigeria’s oil receipts are currently the lowest among members of the Organisation of Petroleum Exporting Countries (OPEC) with capita net put at $132 per citizen.

Nigeria’s net revenue lowest among OPEC members

NLNG Train 7 to increase FDI in Nigeria – MD
The Managing Director and Chief Executive Officer of Nigeria LNG Limited (NLNG), Tony Attah, has said that the NLNG’s planned Train 7 Project, which will increase production output of its plant from 22 Million Tonnes Per Annum (MTPA) to 30 MTPA, will lift Foreign Direct Investment (FDI) in the country.

NLNG Train 7 to increase FDI in Nigeria – MD

Oil price rises above $74 as supply tightens
The global oil benchmark, Brent crude, hit a two-week high above $74 a barrel on Wednesday as an industry report showing a sharp drop in US crude inventories and US sanctions on Iran pointed to tighter supplies.

Oil price rises above $74 as supply tightens

Oil at $74 on report of U.S. inventory drop, Iran sanctions

Total committed to add 200,000 barrels per day in Q4
Total Exploration and Production Nigeria limited has assured that by the last quarter of 2018 it will be adding 200,000 barrels of oil per day to nation’s oil production.

Total committed to add 200,000 barrels per day in Q4

Nigerian crude oil sells slowly amid oversupply
The number of unsold Nigerian crude oil cargoes has reduced as buying interest picked up on Wednesday.

Nigerian crude oil sells slowly amid oversupply

FG, oil majors lose N195bn to pipeline shutdown
The shutdown of the Trans-Ramos Pipeline since May has cost the Federal Government, Shell, Total and Nigeria Agip Oil Company Limited at least $640m (N195bn) in lost revenue.

FG, oil majors lose N195bn to pipeline shutdown

IPMAN calls for urgency in roads repair
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has called on the Federal Government to expedite action on the repair and reconstruction of bad roads across the country.

IPMAN calls for urgency in roads repair

NNPC, others sign pact to develop Bayelsa state’s oil communities
The Nigerian National Petroleum Corporation (NNPC) and FIRST Exploration and Petroleum Development Company Limited (FIRST E&P) Joint Venture have signed a Global Memorandum of Understanding (GMoU) with KEFFES Rural Development Foundation (KDRF) to better the lot of host communities in Bayelsa State.

NNPC, others sign pact to develop Bayelsa state’s oil communities

Oil majors, tanker owners defy presidential orders
The directives by Vice President Yemi Osinbajo aimed at easing traffic congestion in the Apapa area of Lagos State and ensuring the relocation of oil companies’ headquarters to the Niger Delta have not been complied with.

Oil majors, tanker owners defy presidential orders

Tank farms: Apapa sitting on keg of gun powder — Vicky Haastrup
Executive Vice Chairman of ENL Consortium, operators of Terminals C and D of Apapa port, spoke with Godfrey Bivbere, Abigail Ezenwafo & Kemi Abioye on cost of ports operations, the Ports & Harbours Bill, way out of the traffic logjam, alternative transport of goods and many more.

Tank farms: Apapa sitting on keg of gun powder — Vicky Haastrup

Why OB3 pipeline project is delayed, by Nestoil
Nestoil has attributed the delay in the completion of the East-West pipeline project to incessant rainfall, resulting in flooding of the operational areas.

Why OB3 pipeline project is delayed, by Nestoil

SPDC announces clean-up in Aghoro, Odimodi
The Shell Petroleum Development Company of Nigeria Limited (SPDC), says it has recovered over 95 per cent of spilled oil from the recent spill incidents on sections of the Trans Ramos Pipeline (TRP) in Aghoro and Odimodi communities in Bayelsa and Delta states respectively.

SPDC announces clean-up in Aghoro, Odimodi

30 cargoes of Nigeria’s oil await buyers
There are indications that Nigeria’s oil has been over-supplied as 30 unsold cargoes await buyers in the international market.

30 cargoes of Nigeria’s oil await buyers

Kuwait to settle oilfield disputes with Iraq, Saudi Arabia
Kuwaiti Oil Minister, Bakheet al-Rashidi, has said he expects to resolve two long-standing oilfield disputes involving its neighbours, Iraq and Saudi Arabia, in the coming weeks.

Kuwait to settle oilfield disputes with Iraq, Saudi Arabia

FG to adopt methanol fuel technology – Minister
The Federal Government is considering the utilization of methanol fuel technology to generate electricity and expand the chemical industry.

FG to adopt methanol fuel technology – Minister

Other News
ILO decries low participation of women in labour market
Latest figure from International Labour Organisation (ILO) indicates that despite notable progress over the past 20 years, there are still persistent inequalities between women and men on access to the labour market, unemployment and conditions at work.

ILO decries low participation of women in labour market

Government raises domestic borrowings by N1.5 trillion
The Federal Government has borrowed no less than N1.47 trillion from deposit money banks in the last three months, possibly through debt instruments from its monetary authorities.

Government raises domestic borrowings by N1.5 trillion


Governors delaying new minimum wage – Ngige
The Minister of Labour and Employment, Dr Chris Ngige, has attributed the delay in the approval of a new minimum wage for Nigerian workers to the inability of the state governors to agree on a figure.

Governors delaying new minimum wage – Ngige


As Inflation Continues to Simmer Down
Inflation in Nigeria which stubbornly jumped to about 19 per cent in 2017, has continued to trend downward.

As Inflation Continues to Simmer Down


FG spent $202,000 servicing external debt for 2018 Q2
The Debt Management Office (DMO) has disclosed that Nigeria spent a total of $202,253.15 to service its external debt stock for the second quarter of 2018.

FG spent $202,000 servicing external debt for 2018 Q2


TUC commends FG’s anti-corruption fight
Trade Union Congress (TUC) has commended the Federal Government’s fight against corruption.

TUC commends FG’s anti-corruption fight


PenCom in the Eyes of Pension Reform Act of 2004
Pension funds by their very nature can, in some cases, tempt even an angel. And that is why its administration demands from those charged with the responsibility of ensuring an effective and efficient managing the funds an unimpeachable integrity, transparency and accountability, proactive in terms of being hands on in a practical manner, responsiveness as it relates to promptness and sensitivity.

PenCom in the Eyes of Pension Reform Act of 2004


CPC Vs Multichoice: No end in sight over price hike tussle
There seems to be no end in sight over the tussle between the Consumer Protection Council (CPC) and Multichoice Nigeria Limited (operators of DStv and GOtv) over subscription fee hike of cable television services.

CPC Vs Multichoice: No end in sight over price hike tussle


Unpaid Salary: Ekiti Workers Chase out Colleagues from Offices
Workers in Ekiti State, led by their leaders Thursday chased out the staff of the state government from their offices following the non-payment of salaries to the workers.

Unpaid Salary: Ekiti Workers Chase out Colleagues from Offices


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HAPPY Eid eI Kabir

On behalf of our great Association, the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), please accept our compliments and best regards at this season of Eid-el Kabir. May Allah reward your sacrifice bountifully, and preserve us all to witness many of this seasons in years to come.

Barka da Sallah.

NEWS REVIEW FOR FRIDAY, AUGUST 17, 2018

NEWS REVIEW FOR FRIDAY, AUGUST 17, 2018
Oil & Gas
Prevailing discontent forces government to halt petrol price hike
Current anger and displeasure among Nigerians with respect to widespread economic and political tension have forced the Federal Government to shelve plans to increase the pump price of Premium Motor Spirit (PMS), otherwise called petrol.

Prevailing discontent forces government to halt petrol price hike

Split of NNPC into two may generate tension – Baru
The Group Managing Director of the Nigerian National Petroleum Corporation, Dr Maikanti Baru, said on Thursday that the split of the corporation into two entities if not properly communicated to the workers could generate some tension between the unions.

Split of NNPC into two may generate tension – Baru

Why Buhari must assent to PIGB now – NOCs, IOCs
With the Petroleum Industry Governance Bill, PIGB, currently awaiting assent by President Muhamadu Buhari, stakeholders in the oil and gas industry, including the National Oil Companies, NOCs, and Independent Oil Companies, IOCs, have called for immediate assent to the bill to avoid further revenue loss in the industry.

Why Buhari must assent to PIGB now – NOCs, IOCs

NNPC seeks clarification on proposed Petroleum Asset Management Company
The Nigerian National Petroleum Corporation on Thursday sought clarification on the funding structure of the proposed Nigerian Petroleum Asset Management Company in the Petroleum Industry Governance Bill.

NNPC seeks clarification on proposed Petroleum Asset Management Company

NNPC seeks clarification on proposed Petroleum Asset Management Company

‘Upstream projects getting back on track after oil price slump’
Industry research group, Wood Mackenzie (Woodmac) has said emerging signs of improved execution suggest companies are getting it right after a period of dismal performance on upstream oil and gas projects.

‘Upstream projects getting back on track after oil price slump’

‘Why Nigeria’s gas sector development may remain elusive’
The Nigerian gas sector outlook may remain bleak if lingering challenges, especially unfavourable regulatory framework and poor monetary policies are not addressed.

‘Why Nigeria’s gas sector development may remain elusive’

16 ships arrive Lagos ports with petrol, other products
Sixteen ships carrying various products are at Apapa and Tin-Can Island ports waiting to berth, the Nigerian Ports Authority (NPA) said on Thursday in Lagos.

16 ships arrive Lagos ports with petrol, other products

FIRS shuts NNPC subsidiary, others over tax default
The Federal Inland Revenue Service (FIRS) has sealed off the premises of companies defaulting in tax payments in Lagos and Benin, in continuation of its enforcement exercise.

FIRS shuts NNPC subsidiary, others over tax default

How stakeholders are digitising downstream operations
Major players in the country’s petroleum industry would continue to invest in the digitisation of operations in the downstream sector to address challenges and improve service delivery, the groups under the aegis of Major Oil Marketers Association of Nigeria (MOMAN), Depot and Petroleum Products Marketers Association (DAPMAN) as well as key members of the Independent Petroleum Marketers Association of Nigeria (IPMAN), Nigerian Independent Petroleum Company (NIPCO Plc) have told The Guardian.

How stakeholders are digitising downstream operations

PTDF don invents technology to curb oil pipeline corrosion, save Nigeria $600m
A Professor of Environmental Microbiology at the Alex Ekwueme Federal University, Ndufu-Alike, Ikwo (FUNAI) Ebonyi State, Prof. Chuma Conlette Okoro has reported from a research the potency of cow urine as a major raw material that can be used to remediate problems associated with corrosion and souring in the oil and gas industry in Nigeria.

PTDF don invents technology to curb oil pipeline corrosion, save Nigeria $600m

Other News
NEC sets up committee to decentralise police operations
The National Economic Council (NEC) yesterday resolved to decentralise police operations across the country to curb insecurity.

NEC sets up committee to decentralise police operations

Insecurity: NEC begins moves to decentralise police operations

FG to create 4.2m jobs through raw materials development
About 4.2million “quality and decent jobs” will be created in Nigeria within five years if the Raw Materials Development Plan is properly implemented, the Minister of Science and Technology Dr Ogbonnaya Onu has said.

FG to create 4.2m jobs through raw materials development

Govs: We Were Not Elected to Only Pay Salaries
The Nigeria Governors’ Forum (NGF) has declared that they were not elected to only pay salaries of civil servants but to also provide good roads, electricity, education and other necessary amenities for the people.

Govs: We Were Not Elected to Only Pay Salaries

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NEWS REVIEW FOR THURSDAY, AUGUST 16, 2018

NEWS REVIEW FOR THURSDAY, AUGUST 16, 2018
Oil & Gas

Refineries: PTDF to stop importation of refining catalysts
The Petroleum Technology Development Fund is working with engineers and researchers to halt the importation of catalysts used in refining crude in Nigerian refineries.

Refineries: PTDF to stop importation of refining catalysts


We’ll support efforts to resuscitate the refineries —PTDF
The Petroleum Technology Development Fund says it will support efforts to address some of the major challenges hindering the operations of Nigeria’s refineries.

We’ll support efforts to resuscitate the refineries —PTDF


PTDF to tackle refineries’ challenges, halt import of catalysts
The Petroleum Technology Development Fund, PTDF, yesterday, said it was working with some engineers and researchers to halt the importation of refining catalysts to address one of the major challenges hindering the effectiveness of the country’s refineries.

PTDF to tackle refineries’ challenges, halt import of catalysts


‘Revenue from crude oil not economically sustainable’
Nigeria must stop relying on crude oil earnings as the revenue it generates from the commodity is not economically sustainable, a former United Nations Permanent Representative and Under Secretary-General to the world body, Prof Ibrahim Gambari, as well as heads of other organisations, have said.

‘Revenue from crude oil not economically sustainable’


NCDMB wants more oil firms to list on NSE
The Nigerian Content Development and Monitoring Board has said it would like to see more oil and gas firms in the country list on the Nigerian Stock Exchange.

NCDMB wants more oil firms to list on NSE


DPR, task force to stop substandard petroleum products
The Department of Petroleum Resources, Bayelsa State office, says it has partnered the Presidential Task Force to tackle the problems of illegal refining and production of substandard petroleum products in the state.

DPR, task force to stop substandard petroleum products


‘Why Nigeria’s gas sector development may remain elusive’
The Nigerian gas sector outlook may remain bleak if lingering challenges, especially unfavourable regulatory framework and poor monetary policies are not addressed.

‘Why Nigeria’s gas sector development may remain elusive’


Oil slumps after report of rising US stocks
Oil prices fell on Wednesday, weighed down by a gloomier global economic outlook and a report of rising United States’ crude inventories, even as the US sanctions on Tehran threatened to curb Iranian crude oil supplies.

Oil slumps after report of rising US stocks


Energy360 unveils technology for downstream operators
Energy360 Africa Limited, an indigenous downstream petroleum technology firm, has unveiled solutions aimed at improving operational efficiency in the downstream sector of the nation’s oil and gas industry.

Energy360 unveils technology for downstream operators


Stakeholders handicapped in Ogoni clean-up — NOSDRA
NATIONAL Oil Spill Detection and Response Agency, NOSDRA, has said that stakeholders are handicapped in the actual cleaning of oil polluted Ogoniland, Rivers State, due to continued oil spill and illegal refining in the area.

Stakeholders handicapped in Ogoni clean-up — NOSDRA


IPMAN calls off solidarity strike
ANAMBRA State Government says it has been resolved that members of Independent Petroleum Marketers Association of Nigeria, IPMAN, will call off their one-day solidarity strike today.

IPMAN calls off solidarity strike


Other News
Inflation falls marginally to 11.14%
The National Bureau of Statistics on Wednesday released the Consumer Price Index which measures inflation, with the index dropping by 0.09 percentage points from 11.23 per cent in June to 11.14 per cent in July.

Inflation falls marginally to 11.14%


NECA assures of decent jobs as it sets up body for enhanced global competitiveness in business
THE issue of decent work has become part of global industrial relations practice.

NECA assures of decent jobs as it sets up body for enhanced global competitiveness in business


Electricity workers threaten nationwide strike over alleged abuse of labour rights
The epileptic power power supply may become worse as the workers in the sector are threatening to embark on industrial action over abuse of labour rights by the managing director of Transmission Company of Nigeria (TCN), Usman Mohammed.

Electricity workers threaten nationwide strike over alleged abuse of labour rights


Experts seek policies to address youth unemployment
As Nigeria joined the rest of the world to mark the International Youth Day (IYD), experts have charged the government to create policies that would proffer solutions to the rising spate of unemployment among youths.

Experts seek policies to address youth unemployment 


Nigerians, AI caution against gagging media ahead of 2019 polls
Eminent Nigerians, including Governor Ayodele Fayose of Ekiti State and former Vice President, Atiku Abubakar, have cautioned governments at all levels and their agencies against actions or decisions capable of impeding effective performance of the media.

Nigerians, AI caution against gagging media ahead of 2019 polls


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PENGASSAN at 40

PENGASSAN at 40

The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) came to existence Forty years ago, precisely on the 15th of August 1978, when the certificate of registration was issued to the Association under the Trade Union (Amendment) Decree No. 22 of 1978.

The Association was established with the principal objectives of overall unionisation of all senior and middle level management employees in the oil, gas, petrochemical and other allied companies in the country; regulating and maintaining all forms of labour and industrial relations activities between various managements and the employees; safeguarding and improvement of rights, terms and conditions of employment of its members; fostering unity and stability among the ranks and with other unions globally; and fostering mutually beneficial relationship with the employers, government and other stakeholders.

Other missions include promoting and supporting legislations that further members’ interest, employment models and socially acceptable tools, techniques and ideas that espouse and strengthen labour and industrial relations practices; responding positively and sensitively to the needs and aspirations of its members; as well as enhancing the sphere and frontier of socio-economic/welfare benefits and opportunities for members and staff.
Like other Trade Union movements, the road has not been smooth as the Association and its leaders had their own share of the ups-and-downs of the political and socio-economic situations in the country.

Most importantly are the contributions of the Association and its leaders to the current democratic dispensation being enjoyed in the country today. PENGASSAN leaders along with other Trade Unions and civil society groups were at the forefront of the June 12 struggle which led to the takeover of the Association and the imposition of an Administrator on the Association by the then military regime. Our erstwhile leaders, President, Comrade Ganiu Owoduni, General Secretary, Comrades Milton Gilchrist Dabibi and Comrade Frank Addo, suffered varying degrees of persecution and were even jailed at that time.

Given the coordinated and sound administrative system, PENGASSAN has collaborated with other social partners in the growth and development of the Nigerian nation.

On the part of the Government, PENGASSAN have been involved in several policy engagements that led to the development of the Oil and Gas industry and the Nation’s economy such as the resolution of the Joint Venture (JV) Cash Call, contributions to the Petroleum Industry Bill (PIB), leading advocacy for local content and indigenous participation in the nation’s hydrocarbon business, as well as regulation of the Contract and Casual Employment, among others. Indeed, the Association has been complementing the efforts of the Government in building a virile and productive economy.

The Association also demonstrated its masses oriented leaning by collaborating with the Trade Union Congress (TUC), the umbrella body of all Senior Staff Associations in Nigeria in the struggle against some Government policies we feel are detrimental to the welfare of the masses.
On the international scene, the PENGASSAN has been participating in International Labour Organisation (ILO) and IndustriAll activities towards improvement of welfare of its members, the industry and other workers.

With the robust and commitment of the Association’s leadership, we are sure that the future is bright for the Association, the members and staff, the Oil and Gas Industry and the Nation at large.

Great PENGASSAN!
Great Nigeria!!
Comrade Fortune Obi

National Public Relations Officer

NEWS REVIEW FOR TUESDAY, AUGUST 14, 2018

NEWS REVIEW FOR TUESDAY, AUGUST 14, 2018
Oil & Gas
Refineries’ Builders to Revalidate Studies for Plants’ Revamp
Three Original Refineries Builders (ORBs) who built the existing 445,000 barrels a day (bd) combined capacity refineries of the Nigerian National Petroleum Corporation (NNPC) in Kaduna, Port Harcourt and Warri, have agreed to revalidate the scoping studies the NNPC has developed for its planned revamp of the refineries, the Group Managing Director of the corporation, Dr. Maikanti Baru, has disclosed.

Refineries’ Builders to Revalidate Studies for Plants’ Revamp

Ending the Menace of Gas Flaring
After dithering for years, Nigeria recently indicated its preparedness to end gas flaring, an exercise that represents waste and environmental degradation

Ending the Menace of Gas Flaring

Nigeria, two others push OPEC oil output higher
Crude production from the Organisation of Petroleum Exporting Countries rose in July on the back of increased output recorded by Nigeria, Kuwait and the United Arab Emirates, the latest report obtained on Monday showed

Nigeria, two others push OPEC oil output higher

OPEC sees lower demand for oil
The Organisation of Petroleum Exporting Countries (OPEC) yesterday forecast lower demand for its crude next year as rivals pump more. It said top oil exporter Saudi Arabia, is also eager to avoid a return of oversupply and had cut production.

OPEC sees lower demand for oil

NNPC, Seplat sign gas delivery agreements
The Nigerian National Petroleum Corporation and Seplat Petroleum Development Company have signed five agreements to expedite the development of a project aimed at delivering about 3.4 billion standard cubic feet of gas per day by 2020.

NNPC, Seplat sign gas delivery agreements

NNPC Targets 15,000MW Gas-based Power Generation in Three Years
The Nigerian National Petroleum Corporation (NNPC) has disclosed it is targeting the supply of about five billion standard cubic feet per day (bcfd) of gas to Nigeria’s domestic market, from which about 15,000 megawatts (MW) of electricity could be generated in the next three years.

NNPC Targets 15,000MW Gas-based Power Generation in Three Years

Pipeline vandals ground Ibadan petrol depot, product scarcity looms
The Independent Petroleum Marketers Association of Nigeria (IPMAN) says there is the likelihood of a scarcity of Petrol in Ibadan due to non-availability of the product at the depot.

Pipeline vandals ground Ibadan petrol depot, product scarcity looms

Expert Urges NLNG to Sell First Train 7 Volumes in 2022
The Nigeria Liquefied Natural Gas (NLNG) Limited has been advised to consider getting the first output of liquefied natural gas (LNG) from its upcoming Train 7 to the market in 2022 instead of 2024 which it recently said was its target.

Expert Urges NLNG to Sell First Train 7 Volumes in 2022

MOSOP TO FG: Ogoni needs economic cleanup, not mere environmental cleaning
OGONI- PRESIDENT of the Movement for the Survival of Ogoni People, MOSOP, Mr. Leborsi Pyagbara, has said that Ogoni people in Rivers State whose sources of livelihood were destroyed by pollution by oil companies required economic cleanup and not just environmental remediation from the Federal Government.

MOSOP TO FG: Ogoni needs economic cleanup, not mere environmental cleaning

Renewal of Shell’s mining rights, insult on our dignity — MOSOP
MOVEMENT for the Survival of the Ogoni People, MOSOP, has described the renewal of Shell Petroleum Development Company, SPDC’s mining rights in Ogoni as shocking and an insult on the collective dignity of the Ogoni people.

Renewal of Shell’s mining rights, insult on our dignity — MOSOP

‘Why government may not end Port Harcourt soot’
Scientists have advanced reasons for Federal Government’s failure to identify the source of Port Harcourt ‘black soot’ in order to end the environmental and health hazards it poses to the people of Rivers State.

‘Why government may not end Port Harcourt soot’

Iran offers discount on oil, gas to Asian market
Iran is selling oil and gas at a discount to Asian customers as it prepares for the return of US sanctions, state news agency IRNA reported on Monday.

Iran offers discount on oil, gas to Asian market

Why SNEPCo Supply Base Must Remain in N’Delta
The Niger Delta region for many years was a centre for violence, communal clashes and militancy. It took a negotiated and sustained intervention for the government to purchase relative peace in the region.

Why SNEPCo Supply Base Must Remain in N’Delta

Other News
TUC urges workers to participate actively in politics
The President of the Trade Union Congress (TUC), Bobboi Bala Kaigama has urged workers to participate actively in politics to be able to influence policies that directly affect them and their welfare.

TUC urges workers to participate actively in politics

NLC vows to continue picketing of MTN over non-unionisation of workers
The Nigeria Labour Congress (NLC) has vowed to continue picketing the premises of telecommunication giants, MTN, until all its workers are allowed to belong to labour unions of their choice.

NLC vows to continue picketing of MTN over non-unionisation of workers

‘Single digit inflation target now uncertain’
Nigeria may lose out on its targeted single digit inflation level this year, which would have checked the streak of weak purchasing power and put the country on a sustainable path of interest rate cut.

‘Single digit inflation target now uncertain’

Discos must Meter Consumers, FG Insists
About 26 industrial customers have elected to sign up to be supplied power directly from power generation companies (Gencos) instead of from the distribution companies (Discos) under the eligible consumers’ scheme approved by the federal government in 2017, the government said yesterday in Minna, Niger State.

Discos must Meter Consumers, FG Insists

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