NEWS REVIEW FOR TUESDAY, SEPTEMBER 10, 2019

OIL & GAS

Oil workers raise alarm over insecurity

Nigeria’s oil workers under the aegis of NUPENGASSAN have said that the Federal Government of Nigeria was not doing enough in tackling insecurity in the country.

https://www.thenicheng.com/oil-workers-raise-alarm-over-insecurity/

Border closure has reduced petrol smuggling, says NNPC

The recent closure of Nigeria’s borders has significantly led to a reduction in the smuggling of Premium Motor Spirit, popularly known as petrol, out of Nigeria, the Nigerian National Petroleum Corporation has said.

https://punchng.com/border-closure-has-reduced-petrol-smuggling-says-nnpc/

NEITI: FAAC Disbursements Slump by N104bn in Six Months

A report released yesterday by the Nigeria Extractive Industries Transparency Initiative (NEITI) showed that the total revenue shared by the three tiers of government in Nigeria – federal, state and local governments– in the first half of 2019 slumped by 2.61 per cent or N104 billion from the corresponding period in 2018.

https://www.thisdaylive.com/index.php/2019/09/10/neiti-faac-disbursements-slump-by-n104bn-in-six-months/

Help, thieves stealing our 10,000bpd, Shell cries out

Shell Petroleum Development Company of Nigeria Limited has said it is losing about 10,000 barrels of oil per day from its pipelines to crude oil theft.

https://punchng.com/help-thieves-stealing-our-10000bpd-shell-cries-out/

NLNG tenders $7bn Train-7 Project data to FG

The Nigerian Liquefied Natural Gas (NLNG) limited has submitted its local Content compliance requirements for its $7 billion Train-7 Project.

https://www.newtelegraphng.com/2019/09/nlng-tenders-7bn-train-7-project-data-to-fg/

Downstream: A crisis-ridden sub-sector

The disengagement of 70 oil workers by OVH Energy Marketing limited, a licensee of the Oando retail, climaxed the crisis rocking the downstream oil sub-sector. Adeola Yusuf looks at the hoopla that has chased out all foreign companies with the exception of Total from the ill-fated sub-sector.

https://www.newtelegraphng.com/2019/09/downstream-a-crisis-ridden-sub-sector/

Stolen crude: How Navy impounded 130 vessels

The Nigerian Navy has given details of how it impounded over 130 vessels, some of which were laden with stolen crude and petroleum products.

https://www.newtelegraphng.com/2019/09/stolen-crude-how-navy-impounded-130-vessels/

Security hitches mar NNPC’s $2.5bn Chad re-entry

The plan by the Nigerian National Petroleum Corporation (NNPC) to reenter the Chad basin for oil search has suffered a fresh setback. The corporation has expended over $2.5 billion on the preliminary work including seismic evaluation and mobilisation of men and materials for the oil search.

https://www.newtelegraphng.com/2019/09/security-hitches-mar-nnpcs-2-5bn-chad-re-entry/

Nigeria Adopts American Standards for Oil Industry Operations

Owing to the growing industry demands and the need to keep up with international best practices in the oil and gas sector in Nigeria, the Standards Organisation of Nigeria (SON) has adopted 10 America Petroleum Institute (API) Standards for the nation.

https://www.thisdaylive.com/index.php/2019/09/10/nigeria-adopts-american-standards-for-oil-industry-operations/

Petroleum University to build modular refineries, biomass

Pro-Chancellor and Chairman of the Governing Board of the Federal University of Petroleum Resources, Effurun, Delta State, Prof Abdullahi Shehu Zuru, has announced plans to establish modular refineries and biomass production in the country.

https://www.dailytrust.com.ng/petroleum-university-to-build-modular-refineries-biomass.html

‘Digitalisation of oil, gas imperative for productivity’

Business solutions firm focused on accelerating the development and transformation of Africa, Verraki Partners, has said digitalisation of the oil and gas industry will go a long way to addressing many of its challenges.

https://thenationonlineng.net/digitalisation-of-oil-gas-imperative-for-productivity/

Crude Oil Price Rebounds to $62 as New Saudi Minister Commits to Output Cuts

Oil prices rose more than two per cent yesterday after the new Saudi Energy Minister, Prince Abdulaziz bin Salman, confirmed expectations that he would stick with his country’s policy of limiting crude output to support prices.

https://www.thisdaylive.com/index.php/2019/09/10/crude-oil-price-rebounds-to-62-as-new-saudi-minister-commits-to-output-cuts/

Nigerian Crude Finds One More Niche in US Oil Market

Despite the purchase of Nigerian petroleum products by the United States dropping to zero in several months since 2014, crude oil grades from the Niger Delta have now found buyers in California.

http://saharareporters.com/2019/09/09/nigerian-crude-finds-one-more-niche-us-oil-market

 

OTHER NEWS

NLC to Ngige: Promote social dialogue, tripartiam

The Nigeria Labour Congress (NLC) has asked the Minister of Labour and Employment, Senator Chris Ngige to use the opportunity of his reappointment to promote social dialogue and tripartism in the place of work.

https://thenationonlineng.net/nlc-to-ngige-promote-social-dialogue-tripartiam/

324,141 Disengaged Workers Withdraw N113bn from Pension Funds

As agencies and companies in both the public and private sectors continue to reduce the workforce to cut costs, about 324,141 disengaged employees have withdrawn N113.2 billion from the N9.3 trillion pension assets as at June 2019

https://leadership.ng/2019/09/10/324141-disengaged-workers-withdraw-n113bn-from-pension-funds/

 

NEWS REVIEW FOR MONDAY, SEPTEMBER 09, 2019

OIL & GAS

83 million litres of aviation fuel available –PPPRA

The Petroleum Products Pricing Regulatory Agency on Sunday said Nigeria currently has 83,898,511 litres of aviation fuel.

https://punchng.com/83-million-litres-of-aviation-fuel-available-pppra/

U.S. court discharges NNPC of $2.7bn debt to ESSO

The United States Southern District Court of New York has delivered judgment in favour of the Nigerian National Petroleum Corporation (NNPC) against ESSO Exploration and Production Nigeria Limited and Shell Nigerian Exploration and Production Company Limited (collectively ESSO).

https://dailytimes.ng/u-s-court-discharges-nnpc-of-2-7bn-debt-to-esso-2/

Border Closure Crashes Prices of Petrol, Diesel

The Managing Director and Chief Executive Officer of Financial Derivatives Company Limited, Mr. Bismarck Rewane, has disclosed that following the closure of the border, petrol now sells for N144 per litre, showing that the closure has blocked smuggling of petrol to the neighbouring countries.

https://www.thisdaylive.com/index.php/2019/09/09/border-closure-crashes-prices-of-petrol-diesel/

NLNG’s prize winners to tackle climate change challenges

The Nigeria Liquefied Natural Gas Limited has unveiled the winners of its Prize for Science expected to assist in tackling the effects of climate change in the country.

https://punchng.com/nlngs-prize-winners-to-tackle-climate-change-challenges/

                                         OTHER NEWS

PenCom to boost assets with micro pension

The National Pension Commission says it is driving the growth of the Micro Pension Plan and that it expects it to have positive impact on the economy and boost the pension assets.

https://punchng.com/pencom-to-boost-assets-with-micro-pension/

NEWS REVIEW FOR THURSDAY, SEPTEMBER 05, 2019

OIL & GAS

NUPENG, PENGASSAN bemoan rising insecurity in Nigeria

The Nigeria Union of Petroleum and Natural Gas Worker (NUPENG) and Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) have raised concern over the level of insecurity in the country.

https://dailytimes.ng/nupeng-pengassan-bemoan-rising-insecurity-in-nigeria/

NNPC records 45,347 pipeline ruptures on downstream network

The Nigerian National Petroleum Corporation on Wednesday said it recorded a total of 45,347 pipeline breaks on its downstream pipeline network between 2001 and half year 2019.

https://punchng.com/nnpc-records-45347-pipeline-ruptures-on-downstream-network/

Corruption: NNPC threatens to sack 1,050 depot staff

The Nigerian National Petroleum Corporation (NNPC) has threatened staff from its 21 depots across the country with sack “without hesitation,” over lack of transparency and accountability.

https://www.newtelegraphng.com/2019/09/corruption-nnpc-threatens-to-sack-1050-depot-staff/

DPR seals 3 stations, 30 pumps in Anambra

The Department of Petroleum Resources (DPR) has sealed three petrol service stations and placed 30 pumps on out-of-use in Awka, the Anambra State capital, over infractions bothering on the under-dispensing of fuel.

https://www.sunnewsonline.com/dpr-seals-3-stations-30-pumps-in-anambra/

Stakeholders seek solution as vandals break 45,347 pipeline points in 18yrs

Stakeholders who converged on the Nigeria International Pipeline Technology and Security Conference and Exhibition, have urged for collaborative that will bring a lasting solution to pipeline vandalism as the country recorded a total of 45,347 pipeline breaks in the past 18 years.

https://guardian.ng/business-services/stakeholders-seek-solution-as-vandals-break-45347-pipeline-points-in-18yrs/

We plan to write Buhari over worsening insecurity – Oil workers

We are utterly saddened by the apparent loss of control over the activities of bandits in all sections of the country. Every daily headline (locally and globally) is replete with gory stories of killings, kidnapping, ritualism, cultism, human trafficking, rape and all sorts”

https://www.vanguardngr.com/2019/09/we-plan-to-write-buhari-over-worsening-insecurity-oil-workers/

NIPCO to extend gas facility to 25 off-takers

NIPCO Plc, one of the distributors of Liquefied Petroleum Gas (LPG), plans to extend its 10,000metric tons (mt) production to 25 LPG off-takers approved by the Nigeria LNG Limited for distribution across the country.

https://thenationonlineng.net/nipco-to-extend-gas-facility-to-25-off-takers/

 

OTHER NEWS

NLC urges end to xenophobic attacks, cautions against reprisals

Africa attack Nigerians in fresh Xenophobic violence The Nigeria Labour Congress (NLC) has urged the federal government to adopt urgent measures to end xenophobic attacks on Nigerians in South Africa.

https://dailytimes.ng/nlc-urges-end-to-xenophobic-attacks-cautions-against-reprisals/

 

Lagos pays N4.25bn accrued pension rights

As part of efforts to improve the welfare of retirees, the Lagos State government has said it paid N4.25 billion accrued pension benefits to 1,268 retirees since the inception of the administration of its Governor, Babajide Sanwo-Olu.

https://www.sunnewsonline.com/lagos-pays-n4-25bn-accrued-pension-rights/

NEWS REVIEW FOR WEDNESDAY, SEPTEMBER 04, 2019

OIL & GAS

NUPENG, PENGASSAN, decry state of insecurity

The Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) and Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) have raised concern over the level of insecurity in the country.

The President of PENGASSAN, Mr. Ndukaku Ohaeri, and his NUPENG counterpart, Mr. Williams Akporeha, spoke at a joint news conference on yesterday in Lagos.

https://www.newtelegraphng.com/2019/09/nupeng-pengassan-decry-state-of-insecurity/

Oil search: We’re making progress in frontier basins –NNPC GMD

The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mr. Mele Kyari, has raised the hope of a likely oil find in the frontier basins, saying that significant progress has been made in the ongoing exploration.

https://www.sunnewsonline.com/oil-search-were-making-progress-in-frontier-basins-nnpc-gmd-2/

NNPC, Total to Grow Production, Reserves

The Nigerian National Petroleum Corporation (NNPC) and Total Nigeria have expressed their readiness to work together to grow daily national crude oil and gas production and reserves to meet the national target of 40 billion barrels.

http://www.energytimesonline.com/index.php?active=news&newscid=1092&catid=2

NNPC redeploys NPDC staff to meet reserve target

The Nigerian National Petroleum Corporation (NNPC) has clarified the redeployment of 12 management staff of its flagship upstream subsidiary, the Nigerian Petroleum Development Company (NPDC).

https://thenationonlineng.net/nnpc-redeploys-npdc-staff-to-meet-reserve-target/

Crude reserve will hit 40 billion barrels in 2023 — NNPC

The Group Managing Director of the Nigerian National Petroleum Corporation, Mele Kyari, on Tuesday, said significant progress had been made in the ongoing exploration of inland basins and that the target of growing the nation’s reserve to 40 billion barrels by 2023 was realistic and achievable.

https://punchng.com/crude-reservell-hit-40-billion-barrels-in-2023-nnpc/

We’ve made huge progress on oil search at Bauchi, others – NNPC GMD

Mr. Mele Kolo Kyari, the Group Managing Director, Nigerian National Petroleum Corporation (NNPC). Mr. Mele Kolo Kyari, the Group Managing Director, Nigerian National Petroleum Corporation (NNPC). The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mele Kyari, has revealed that significant progress has been made in the ongoing exploration of inland basins, saying the target of growing the nation’s reserve to 40billion barrels by 2023 was realistic and achievable.

https://www.dailytrust.com.ng/weve-made-huge-progress-on-oil-search-at-bauchi-others-nnpc-gmd.html

Nigeria’s crude oil production to witness eight per cent decline

Nigeria’s crude oil production may witness a steady decline to approximately 7.93 per cent before 2025, a new research, conducted by U.S.-based Orbis Research has said. Being the same year Nigeria has targeted to increase oil reserve to about 40 billion and daily production to about three million barrels per day, the current revelation raises doubts over the achievement of the target.

https://guardian.ng/business-services/nigerias-crude-oil-production-to-witness-eight-per-cent-decline/

NNPC Spokesman Bags NAEC Excellence Award

The Group general manager, Group Public Affairs Division (GPAD) of the Nigerian National Petroleum Corporation (NNPC), Mr. Ndu Ughamadu , has bagged the Association of Energy Correspondents of Nigeria (NAEC) Excellence Award.

https://leadership.ng/2019/09/04/nnpc-spokesman-bags-naec-excellence-award/

Eni makes significant gas, associated condensate discovery onshore Nigeria’s N/Delta

 

Italian Eni through its affiliate Nigeria Agip Oil Company (NAOC) has made a significant gas and condensate find in the deeper sequences of the Obiafu-Obrikom fields, in Oil Mining Lease (OML) 61, onshore Niger Delta.

http://www.energytimesonline.com/index.php?active=news&newscid=1089&catid=1

Ministry of Petroleum sets to host NIPS in 2020

The Permanent Secretary, Ministry of Petroleum Resources Dr Folasade Yemi-Esan, has said the ministry is set to host the third edition of annual Nigeria Petroleum Summit (NIPS) in Abuja in the year 2020.

https://tribuneonlineng.com/ministry-of-petroleum-sets-to-host-nips-in-2020/

Nigeria’s Oil Export to China Hit 3m Barrels in 30 Days

The latest China bound VLCC crude laden vessel is marking its biggest month of buying from Nigeria in years as it ramps up its crude exports.

https://leadership.ng/2019/09/04/nigerias-oil-export-to-china-hit-3m-barrels-in-30-days/

Oil Prices Fall As Market Eyes Trade War

Oil prices fell on Tuesday as the ongoing U.S.-China trade war cast a pall over markets, with soft South Korean data adding to concerns over emerging markets and a rise in OPEC output. U.S. crude CLc1 was down 26 cents, or 0.5 per cent, at 54.84 dollars a barrel by 0644 GMT, while Brent LCOc1 was down 6 cents at 58.60 dollars a barrel.

https://leadership.ng/2019/09/04/oil-prices-fall-as-market-eyes-trade-war/

Oando licensee, OVH Energy, fires 70 employees

OVH Energy Marketing Limited, a licensee of the Oando retail brand, said on Tuesday that it had sacked 70 of its employees.

https://punchng.com/oando-licensee-ovh-energy-fires-70-employees/

Soldiers take over Delta’s illegal oil refinery

Soldiers have raided and taken over an illegal crude oil refining site in Otumara community, Warri South-West Local Government Area of Delta State, and destroyed facilities being used for illegal oil bunkering.

https://punchng.com/soldiers-take-over-deltas-illegal-oil-refinery/

Again, DPR Seals Two Fuel, One Gas Stations in Delta

Again, the Department of Petroleum Resources (DPR), Warri Zonal Office has sealed two petrol stations and a cooking gas shop in Delta in continuation of its routine surveillance exercise.

https://www.thisdaylive.com/index.php/2019/09/04/again-dpr-seals-two-fuel-one-gas-stations-in-delta/

Total Sponsors Students to NASA

The staff multipurpose cooperative society of Total E&P Nigeria, has disclosed that they recently sponsored another batch of students to the National Aeronautics and Space Administration (NASA), United States of America in a week-long trip. This, they said was part of their initiative to promote Science, Technology, Engineering, and Mathematics (STEM) in the country.

https://www.thisdaylive.com/index.php/2019/09/04/total-sponsors-students-to-nasa/

Leveraging LPG penetration to reduce carbon emissions

At a time when many countries are exploring efforts to decarbonise their environment, the National Conservative Agency notes that Nigeria emits about 200 million metric tons of greenhouse gases from different traditional energy sources such as kerosene, burning of charcoal and others sources even as the country’s deforestation rate stands at about 67 per cent.

https://guardian.ng/energy/leveraging-lpg-penetration-to-reduce-carbon-emissions/

 

OTHER NEWS

NLC calls for review of obsolete labour laws

The Nigeria Labour Congress (NLC) President Ayuba Wabba on Tuesday called for a review of obsolete labour laws in the country to bring them up to date with international best practices.

https://thenationonlineng.net/nlc-calls-for-review-of-obsolete-labour-laws/

NEWS REVIEW FOR FRIDAY, AUGUST 16, 2019

OIL & GAS

Kyari urges professionals on pipeline security

The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari, has tasked members of the Pipelines Professionals Association of Nigeria (PLAN) to come up with appropriate technology to stem the current challenges associated with oil and gas pipelines vandalism.

https://thenationonlineng.net/kyari-urges-professionals-on-pipeline-security/

Chinese investments in Nigeria reach $16bn – NNPC

The Nigerian National Petroleum Corporation, NNPC, Thursday, called on the Chinese government to increase its investment in infrastructural development in the Nigerian petroleum industry, especially as the country’s investments in Nigeria have reached $16 billion.

https://www.vanguardngr.com/2019/08/chinese-investments-in-nigeria-reach-16bn-nnpc/

NNPC and China Boost Partnership in Crude Production

The Nigerian National Petroleum Corporation and China National Offshore Oil Corporation have restated their commitment to work together to improve the petroleum industry in both countries.

http://saharareporters.com/2019/08/15/nnpc-and-china-boost-partnership-crude-production

‘Govt not ready to end gas flaring’

Executive Director of Environmental Rights Action (ERA) Nnimmo Bassey has accused the Federal Government of lacking the will to end gas flaring.

https://thenationonlineng.net/govt-not-ready-to-end-gas-flaring/

FG refuses renewing Shell’s OML 11 for security reasons

The federal government on Thursday asked the Federal High Court in Abuja, to refuse the prayer of Shell Petroleum Development Company (SPDC) seeking to compel it to grant or renew its Oil Mining Lease (OML) 11 because of national security challenges.

https://dailytimes.ng/fg-refuses-renewing-shells-oml-11-for-security-reasons/

Oil prices fall again on recession fears

Crude oil prices tumbled further in early trading on Thursday, after a brief stabilisation overnight crumbled under a new wave of recession fears.

https://punchng.com/oil-prices-fall-again-on-recession-fears/

DPR begins operations in Anambra, warns against sharp practices

The Department of Petroleum Resources (DPR) has warned operators in the oil and gas sector in Anambra State to play by the rules or face sanctions.

https://www.sunnewsonline.com/dpr-begins-operations-in-anambra-warns-against-sharp-practices/

Reps c’ttee summons DSS, CBN, NNPC, and Customs over unutilised ports

An ad hoc committee of the House of Representatives has summoned the heads of four government agencies to appear before in on August 19.

https://dailytimes.ng/reps-cttee-summons-dss-cbn-nnpc-customs-over-unutilised-ports/

 

Nigeria committed to OPEC production agreement amid Oil prices drop

Nigerian, Italian Nigeria has reaffirmed its commitment to production adjustments agreement under the Declaration of Cooperation (DoC) reached between member countries of the Organisation of the Petroleum Exporting Countries (OPEC) and Non-OPEC Countries.

https://dailytimes.ng/nigeria-committed-to-opec-production-agreement-amid-oil-prices-drop/

Nine Filling Stations Sealed In Bayelsa over Expired Licences

At least nine filling stations have been sealed in Yenagoa, Bayelsa State by the Department of Petroleum Resources due to expired licences and lack of basic operational equipment.

http://saharareporters.com/2019/08/15/nine-filling-stations-sealed-bayelsa-over-expired-licences

 

OTHER NEWS

Minimum wage: no worker should be cheated, says Wabba

The President, Nigeria Labour Congress (NLC), Comrade Ayuba Wabba has assured workers, especially those in the states and local government, the group will do everything to ensure that they are not short-changed in any way in the payment of the new national minimum wage.

https://thenationonlineng.net/minimum-wage-no-worker-should-be-cheated-says-wabba/

NLC to govt: release Sowore, others

The Nigeria Labour Congress (NLC) has described the arrest of Omoyele Sowore and other protesters in the last peaceful protest as a breach of their fundamental human rights, as well as other Nigerians’ collective right to freedom of expression and association as enshrined in international and national instruments that strengthen democracy.

https://thenationonlineng.net/nlc-to-govt-release-sowore-others/

ILO youth forum calls for better jobs

More than 200 young change-makers from 65 countries have called for systematic changes in youth employment policies, noting that business as usual is not working for youth.

https://thenationonlineng.net/ilo-youth-forum-calls-for-better-jobs/

TUC–NLC: Not the best of time

Organised labour under the aegis of Trade Union Congress (TUC) has called on Nigerians to be united and patient in the spirit of Eid-el-Kabir as the current developments in the country is not the best of time for the citizens.

https://www.newtelegraphng.com/2019/08/tuc-nlc-not-the-best-of-time/

Labour seeks workers’ cooperation with govt

The Osun State Chapter of Nigeria Labour Congress (NLC) has called on workers to be committed to their duties as they look forward to the governor’s fulfillment of his promises.

https://www.newtelegraphng.com/2019/08/labour-seeks-workers-cooperation-with-govt/

NEWS REVIEW FOR THURSDAY, AUGUST 15, 2019

OIL & GAS

NNPC deepens collaboration to tackle oil spill

The Nigerian National Petroleum Corporation and the National Oil Spill Detection and Response Agency have expressed their willingness to work closer to mitigate the incidence of oil spill across the country.

https://punchng.com/nnpc-deepens-collaboration-to-tackle-oil-spill/

Nigeria will comply with OPEC production agreement –Kyari

Nigeria’s representative on the Organisation of the Petroleum Exporting Countries’ Economic Commission Board (OPEC-ECB) and Group Managing Director, Nigerian National Petroleum Corporation (NNPC), Mr Mele Kyari, Wednesday reaffirmed Nigeria’s commitment to production adjustments agreed upon under the Declaration of Cooperation (DoC) between OPEC member countries and non-OPEC nations at the last Ministerial Meeting tagged OPEC Plus, held on July 2, 2019, in Vienna, Austria.

https://www.sunnewsonline.com/nigeriall-comply-with-opec-production-agreement-kyari-2/

NNPC to partner NOASDRA on oil spill mitigation

Cases of the oil spill will witness drastic reduction if the Nigerian National Petroleum Corporation (NNPC), kept its promise to deploy technology to address the menace across the country.

https://guardian.ng/business-services/nnpc-to-partner-noasdra-on-oil-spill-mitigation/

Fuel Subsidy Removal Will Add 4% to Global GDP, IMF Tells Nigeria, Others

The International Monetary Fund (IMF) wednesday reiterated the need for Nigeria and other countries that still retain the policy of subsiding fossil fuel to put an end to the policy.

https://www.thisdaylive.com/index.php/2019/08/15/fuel-subsidy-removal-will-add-4-to-global-gdp-imf-tells-nigeria-others/

US eyes LNG opportunities in Africa

The US Department of Energy is looking towards Africa to develop opportunities in the exploration, production and monetisation of Liquefied Natural Gas.

https://punchng.com/us-eyes-lng-opportunities-in-africa/

Oil prices fall on weak global economic data

Oil prices fell on Wednesday on weak global economic data and a rise in the US crude inventories, almost erasing the previous session’s strong gains which followed the United States’ move to delay tariffs on some Chinese products

https://punchng.com/oil-prices-fall-on-weak-global-economic-data/

When does drilling rig become vessel?

The Court of Appeal, in the recent judgment on the case of Transocean Support Services Nigeria Limited & 3 Ors v Nigerian Maritime Administration and Safety Agency & 1 with Appeal No: CA/L/ 503/2016, held that drilling rigs cannot be deemed to be vessels for the purpose of the Coastal and Inland Shipping (Cabotage) Act, 2003.

https://punchng.com/when-does-drilling-rig-become-vessel/

 

OTHER NEWS

How to avoid industrial conflict – Olatunji, NUCFLRANMPE President

RESOLVING conflict is a sine qua non to organizational survival and as such should be carefully accorded priority required of it. The strategy, principle, process and practice must carefully be examined with a view to ensuring healthy conflict resolution without bias or prejudices.”

https://www.vanguardngr.com/2019/08/how-to-avoid-industrial-conflict-olatunji-nucflranmpe-president/

Fed Govt, Labour disagree on registration of new pension unions

The decision of the Federal Ministry of Labour and Employment to split the pension union into three has pitched the government against organised labour and pensioners, it has been learnt.

https://thenationonlineng.net/fed-govt-labour-disagree-on-registration-of-new-pension-unions/

NEWS REVIEW FOR WEDNESDAY, AUGUST 14, 2019

OIL & GAS

Host Communities Seek Payment of N98bn Gas Flare Penalty Fund

Members of the Host Communities of Nigeria Producing Oil and Gas (HOSCON) have declared as unacceptable the federal government’s continuous withholding of the N98 billion gas flare penalty money owed oil producing communities.

Host Communities Seek Payment of N98bn Gas Flare Penalty Fund

Edo modular refinery to commence operation soon, DPR to inspect 6,000 bp/d facility

The Edo Refinery and Petrochemicals Limited, a project partly sponsored by the Governor Godwin Obaseki-led administration in Edo State and being developed by AIPCC Energy Limited at Ologbo, Ikpoba Okha Local Government Area of Edo State, will commence operation before the end of the year.

Bole Festival: The Biggest Food Festival From The Heart Of The South

Technology Adoption Will Check Risks in Oil Industry’

The Executive Operations Director at Seplat Petroleum Development Company Plc, Mr. Effiong Okon, has said right adoption of technologies such as Artificial Intelligence (AI), big data and mobile technology will drive planning, forecast and help to address risks in the Nigerian oil industry.

‘Technology Adoption Will Check Risks in Oil Industry’

OTHER NEWS

TUC wants FG, states to enhance workers’ welfare, tackle insecurity

NNPC over subsidy payment by the federal and state governments to pay more attention to workers’ well-being and security in the efforts to build a stronger nation.

TUC wants FG, states to enhance workers’ welfare, tackle insecurity

Minimum wage: Nurses call for compromise between Labour, govt

Some nurses, under the aegis of University Graduates of Nursing Science Association (UGONSA), have called for a compromise between the Federal Government and the Nigeria Labour Congress (NLC) over the N30,000 new minimum wage.

Minimum wage: Nurses call for compromise between Labour, govt

NEWS REVIEW FOR THURSDAY, AUGUST 01, 2019

OIL & GAS

NNPC Not Competing with Dangote Refinery, Says Mele Kyari

The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari, on Wednesday declared that the national oil company was not in contest for market share with the forthcoming Dangote Refinery but rather providing support to the promoters of the project to boost in-country refining capacity.

https://www.thisdaylive.com/index.php/2019/08/01/nnpc-not-competing-with-dangote-refinery-says-mele-kyari/

Oil well fire: Community threatens suit, demands N5bn damages from Chevron

The Sukuna community in Ilaje Local Government Area of Ondo State has threatened to drag Chevron Nigeria Ltd. to court over the neglect it suffered in the aftermath of an explosion which rocked the Ojumole oil well owned and operated by the firm.

https://www.newtelegraphng.com/2019/08/oil-well-fire-community-threatens-suit-demands-n5bn-damages-from-chevron/

Ending anxieties over fuel price hike

The statement by the new Group Managing Director, GMD, of the NNPC, Mele Kyari, that the N145 per litre was the cheapest in West Africa created widespread anxieties due to the prevailing economic hardship in the country.

https://www.vanguardngr.com/2019/08/ending-anxieties-over-fuel-price-hike/  

OPEC oil output hits lowest level since 2011

Crude oil production by members of the Organisation of Petroleum Exporting Countries hit an eight-year low in July as a further voluntary cut by Saudi Arabia deepened losses caused by United States’ sanctions on Iran and outages elsewhere in the group, a Reuters survey found.

https://punchng.com/opec-oil-output-hits-lowest-level-since-2011/

Explosion: Oil community demands N5bn from Chevron

Members of Sukuna Community, Ilaje Local Government Area of Ondo State, have demanded that Chevron Nigeria Limited pay them N5bn damages following the alleged explosion of the oil firm’s Ojumole Oil Well near their community.

https://punchng.com/explosion-oil-community-demands-n5bn-from-chevron/

Dangote dedicates 53% of refinery capacity to petrol

The Dangote Group says upon completion of its refinery, it will dedicate 53 per cent of the capacity to the production of petrol. This translates to dedicating 344,500 barrels of its projected 650,000 barrels per day refining capacity to the production of petrol.

https://punchng.com/dangote-dedicates-53-of-refinery-capacity-to-petrol/

Seplat Petroleum Grows Half-year Profit by146% to N37 Billion

Seplat Petroleum Development Company Plc, a leading Nigerian indigenous oil and gas company listed on both the Nigerian Stock Exchange (NSE) and London Stock Exchange (LSE), has recorded a jump of 146 per cent in profit after tax (PAT) for the half year ended June 30, 2019.

https://www.thisdaylive.com/index.php/2019/08/01/seplat-petroleum-grows-half-year-profit-by146-to-n37-billion/

SON Seizes 40ft Container Stocked with Substandard LPG Cylinders

The Standards Organisation of Nigeria (SON) has seized a 40 feet container stocked with substandard LPG cylinders worth over N38 million.

https://www.thisdaylive.com/index.php/2019/08/01/son-seizes-40ft-container-stocked-with-substandard-lpg-cylinders/

Oriental Energy Announces Oil Discovery in OML 67

One of Nigeria’s leading marginal field operators, Oriental Energy Limited (OERL), has confirmed oil discovery in two deep prospects that were identified during extensive subsurface studies in its offshore Ebok field.

https://www.thisdaylive.com/index.php/2019/08/01/oriental-energy-announces-oil-discovery-in-oml-67/

OTHER NEWS

Fuel scarcity looms as NUPENG issues 7-day strike notice

 Nigeria Union of Petroleum and Natural Gas Workers, NUPENG, yesterday, issued a seven-day strike notice to the Federal Government to compel Chevron Nigeria Limited, CNL, to honour the agreement it reached with the union on June 20, failing which members would down tools and begin an indefinite strike.

https://www.vanguardngr.com/2019/08/fuel-scarcity-looms-as-nupeng-issues-7-day-strike-notice/

As Nigeria/ILO Host Forum to Tackle Global Youth Unemployment

From today to 3rd August, 2019, the Ladi Kwali hall of the Sheraton Hotels and Towers in Abuja will play host to youths and employment experts from across the globe for the 2019 Global Youth Employment Forum, one of the initiatives of the International Labour Organisation to encourage employment creation with specific focus on the youths.

https://leadership.ng/2019/08/01/as-nigeria-ilo-host-forum-to-tackle-global-youth-unemployment/

NEWS REVIEW FOR WEDNESDAY, JULY 31, 2019

OIL & GAS

NNPC boss explains $1.8bn OMLs renewal fee

The Nigerian National Petroleum Corporation has said that it is unnecessary for it to pay the 60 per cent ($1.8bn) lease renewal fees, which is its equity contribution in the Oil Mining Leases 67, 68, and 70.

https://punchng.com/nnpc-boss-explains-1-8bn-omls-renewal-fee/

NNPC faults presidential panel, restates commitment to transparency, due process

The Nigerian National Petroleum Corporation (NNPC) yesterday restated its commitment to transparency and due process, especially with regard to an alleged breach of Treasury Single Account (TSA) policy.

https://guardian.ng/news/nnpc-faults-presidential-panel-restates-commitment-to-transparency-due-process/

NNPC Promises 90% Pipeline Recovery after Repairs

The Nigerian National Petroleum Corporation (NNPC) has said it will maintain current efforts to revamp Nigeria’s downstream oil and gas infrastructure and ensure there is at least 90 per cent pipeline availability.

https://www.thisdaylive.com/index.php/2019/07/31/nnpc-promises-90-pipeline-recovery-after-repairs/

NNPC ‘not tax agency’

The Nigerian National Petroleum Corporation (NNPC) yesterday said the collection of taxes and other cash due to the Federal Government in the oil and gas industry was not its responsibility.

https://thenationonlineng.net/nnpc-not-tax-agency/  

NEITI laments low utilisation of extractive industry

Nigeria Extractive Industries Transparency Initiative (NEITI), has lamented that the potential in the solid minerals sector has been largely under- utilised by successive administrations leading to the inability of the sector to impact the society.

https://www.sunnewsonline.com/neiti-laments-low-utilisation-of-extractive-industry/

14 vessels lift N298.9bn liquefied gas from Onne Port

As the price of natural gas in Asia remained steady since last month, no fewer than 14 vessels left Onne Port between June and July this year with 947,000 metric tonnes of Liquefied Natural Gas (LNG) valued at N298.9 billion ($830.5 million), New Telegraph has learnt.

https://www.newtelegraphng.com/2019/07/14-vessels-lift-n298-9bn-liquefied-gas-from-onne-port/

NEWS REVIEW FOR FRIDAY, JULY 26, 2019

OIL & GAS

Fuel subsidy hits N206.6bn in two months

Within a space of two months, the amount that was spent by the Nigerian National Petroleum Corporation in subsidising Premium Motor Spirit, popularly known as petrol, rose by over 1,174 per cent; latest figures obtained from the corporation on Thursday have shown.

https://punchng.com/fuel-subsidy-hits-n206-6bn-in-two-months/

Inconsistency as NNPC spends N843b on fuel subsidy

It was inconsistency all the way as it was gathered yesterday that the Nigerian National Petroleum Corporation (NNPC) spent N843.121 billion on fuel subsidy in 13 months.

https://guardian.ng/news/inconsistency-as-nnpc-spends-n843b-on-fuel-subsidy/

9th NASS will get Buhari to sign PIGB bill, Lawan assures

Senate President, Ahmad Lawan has assured stakeholders in the nation’s oil and gas sector and Nigerians that the 9th National Assembly will perfect strategies to get President Muhammadu Buhari assent to the Petroleum Industry Governance Bill as soon as possible.

https://dailytimes.ng/9th-nass-will-get-buhari-to-sign-pigb-bill-lawan-assures/

NNPC seeks Chevron’s support to build condensate refinery

As part of efforts to grow local refining capacity, the Nigerian National Petroleum Corporation (NNPC) is seeking collaboration with Chevron Nigeria Limited (CNL) to establish a condensate splinter refinery. 

https://www.sunnewsonline.com/nnpc-seeks-chevrons-support-to-build-condensate-refinery/

NNPC presses harder for crude oil production cost crash

The Nigerian National Petroleum Corporation (NNPC) has pressed harder to crash unit cost of crude oil production in Nigeria.

https://www.newtelegraphng.com/2019/07/nnpc-presses-harder-for-crude-oil-production-cost-crash/

Petrol under Recovery Hits N206.59bn in Jan, Feb – NNPC

The Nigerian National Petroleum Corporation (NNPC) has revealed that the country’s fuel subsidy payments rose by 1,174 per cent in the first two months of 2019.

https://leadership.ng/2019/07/26/petrol-under-recovery-hits-n206-59bn-in-jan-feb-nnpc/

Fuel subsidy skyrocketed to N207bn days to 2019 elections – NNPC Report

Nigeria’s fuel subsidy payments shot up by 1,174 per cent in the wake of the 2019 general elections, as the Nigerian National petroleum Corporation, NNPC, disclosed that it paid N206.585 billion as under recovery in January and February 2019, an increase of N190.37 compared to N16.212 billion recorded in the last two months of 2018.

https://www.vanguardngr.com/2019/07/fuel-subsidy-skyrocketed-to-n207bn-days-to-2019-elections-nnpc-report/https://www.vanguardngr.com/2019/07/fuel-subsidy-skyrocketed-to-n207bn-days-to-2019-elections-nnpc-report/

215mw Kaduna power plant to run on Greenville LNG

The aspiration of the Federal Government to get the 215 megawatts Kaduna Power Plant running may have received the desired boost as the plant is set to run on Greenville Liquefied Natural Gas (LNG).

https://www.sunnewsonline.com/215mw-kaduna-power-plant-to-run-on-greenville-lng/

Excess Output Forces China to Export Petrol to Nigeria, Mexico

A wave of new production and slowing domestic demand have forced China to export petrol cargoes to Nigeria and Mexico as the Asian country ramps up petrol exports in July and August to near record levels.

https://www.thisdaylive.com/index.php/2019/07/26/excess-output-forces-china-to-export-petrol-to-nigeria-mexico/

 

OTHER NEWS

TUC wants Okorocha’s education policy reviewed

The Trade Union Congress has urged the Imo State Governor, Emeka Ihedioha, to review the free education programme introduced by his predecessor, Rochas Okorocha.

https://punchng.com/tuc-wants-okorochas-education-policy-reviewed/

TUC urges CBN to publish forex beneficiaries

The Trade Union Congress has urged the Central Bank of Nigeria (CBN), to publish the names of companies benefiting from its foreign exchange allocation weekly to ensure openness and availability for the manufacturing sector.

https://www.sunnewsonline.com/tuc-urges-cbn-to-publish-forex-beneficiaries/

NLC seeks embargo on employment

The Borno State chapter of Nigeria Labour Congress (NLC) has advised the state Governor Babagana Zulum to lift embargo on employment.

https://www.newtelegraphng.com/2019/07/nlc-seeks-embargo-on-employment/

Labour hails Jakande at 90

Governor of Lagos State, Alhaji Lateef Jakande, as he marks 90th birthday.

https://www.newtelegraphng.com/2019/07/labour-hails-jakande-at-90/

 

NEWS REVIEW FOR THURSDAY, JULY 25, 2019

OIL & GAS

Sad to say fare thee well, Comrade President

••As Buhari, NNPC , NLC, NUPENG, others pay tributes

Friday, July 19, the late President of Petroleum and Natural Gas Senior Staff Association of Nigeria, PENGASSAN, Francis Olabode Johnson, FOJ, was buried in Abuja.

https://www.vanguardngr.com/2019/07/sad-to-say-fare-thee-well-comrade-president/

Govt won’t renew expired oil block licenses –NNPC boss

There is no immediate plan by the Federal Government to renew the expired oil block licences, particularly those belonging to international oil companies operating in the country, the Group Managing Director of the Nigerian National Petroleum Corporation, Mr Mele Kyari, has said.

https://punchng.com/govt-wont-renew-expired-oil-block-licences-nnpc-boss/

FG To Cede Expired Oil Fields to NNPC

The group managing director (GMD) of the Nigerian National Petroleum Corporation (NNPC), Mele Kyari, has hinted of the federal government’s move to cede some expired oil fields to its subsidiary, the Nigerian Petroleum Development Company (NPDC).

https://leadership.ng/2019/07/25/fg-to-cede-expired-oil-fields-to-nnpc/

NNPC signs $3.15bn financing for OML

The Nigerian National Petroleum Corporation (NNPC) says it has signed a $3.15 billion Financing and Technical Services Agreement between Sterling Oil Exploration and other partners for the development of Oil Mining Lease (OML) 13.

https://dailytimes.ng/nnpc-signs-3-15bn-financing-for-oml-13/

NGE expresses confidence in Kyari’s ability to lead NNPC

Abuja – The Nigerian Guild of Editors (NGE) has expressed optimism in the ability of the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Malam Mele Kyari, to steer the corporation to enviable heights.

https://www.vanguardngr.com/2019/07/nge-expresses-confidence-in-kyaris-ability-to-lead-nnpc/

Govt targets $3.5bn investments in gas flaring

The Federal Government is targeting to attract $3.5bn worth of investments into the country through the Nigerian Gas Flare Commercialisation Programme and has issued letters of qualification to 205 firms that are interested in the NGFCP.

https://punchng.com/govt-targets-3-5bn-investments-in-gas-flaring/

The Mentality of “We Own the Oil” is the Biggest Problem in the Niger Delta’

Iyobosa Uwugiaren holds a conversation with the Special Adviser to the President on Niger Delta and Coordinator, Amnesty Programme, Prof. Charles Dokubo on what he is doing to change the narrative of the presidential amnesty programmes

https://www.thisdaylive.com/index.php/2019/07/25/the-mentality-of-we-own-the-oil-is-the-biggest-problem-in-the-niger-delta/

$16.8bn unremitted proceeds: NNPC commits to prompt payment to federation account

The Nigerian National Petroleum Corporation (NNPC), has committed to the prompt payment of proceeds from its operations to the Federation Account and steady supply of petroleum products to Nigerians.

https://www.sunnewsonline.com/16-8bn-unremitted-proceeds-nnpc-commits-to-prompt-payment-to-federation-account/

DPR shuts two petrol stations, one gas plant in Bayelsa

Department of Petroleum Resources (DPR) seal a filling station in Gombe, during their surveillance operations around the city Officials of the Department of Petroleum Resources (DPR) seal a filling station in Gombe, during their surveillance operations around the city The Department of Petroleum Resources (DPR) in Bayelsa state yesterday sealed two petrol stations and a Liquidified Petroleum Gas (LPG) station, over various offences, ranging from lack of operational license and lack of equipment.

https://www.dailytrust.com.ng/dpr-shuts-two-petrol-stations-one-gas-plant-in-bayelsa.html

 

OTHER NEWS

Minimum wage: Labour writes SGF, warns on consequences of delay

The leadership of the Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC) have called for a meeting of the committee negotiating the relativity and consequential adjustments arising from the minimum wage of N30,000 for the least paid workers in the country.

https://www.sunnewsonline.com/minimum-wage-labour-writes-sgf-warns-on-consequences-of-delay/

Shi’ite Protests: NLC Urges ‘Stick and Carrot’ Approach

The Nigeria Labour Congress (NLC) yesterday urged the federal government to use the stick and carrot approach in handling the Islamic Movement of Nigeria (IMN) and protest by its members.

https://leadership.ng/2019/07/25/shiite-protests-nlc-urges-stick-and-carrot-approach/

Fayemi reinstates former TUC boss

Ekiti State Governor Kayode Fayemi has reinstated former Trade Union Congress (TUC) Chairman Kolawole Olaiya into the civil service.

https://thenationonlineng.net/fayemi-reinstates-former-tuc-boss/

PenCom pays N107bn to 313,468 contributors

The National Pension Commission has declared a total of N107.93bn paid to 313,468 contributors under the Contributory Pension Scheme that has temporarily lost their jobs.

https://dailytimes.ng/pencom-pays-n107bn-to-313468-contributors/

NEWS REVIEW FOR WEDNESDAY, JULY 24, 2019

OIL & GAS

Fuel subsidy: Senate summons NNPC over 43 modular refineries

The Senate on Tuesday lamented the multi-billion dollar being paid by the Federal Government to subsidise refined petroleum products for Nigerians.

https://punchng.com/fuel-subsidy-senate-summons-nnpc-over-43-modular-refineries/

Nigeria, Morocco to deliver gas pipeline in record time

The Federal Government through the Nigerian National Petroleum Corporation and the Kingdom of Morocco have pledged to deliver on the gas pipeline bilateral agreement between Nigeria and the North African nation in record time

https://punchng.com/nigeria-morocco-to-deliver-gas-pipeline-in-record-time/

NNPC to partner Pertamina to boost Nigeria’s oil export

In a statement in Abuja, Group Managing Director of the NNPC, Mallam Mele Kyari, stated that the partnership with Pertamina could open up more opportunities for the nation’s crude oil and gas in the face of unpredictable global market.

https://www.vanguardngr.com/2019/07/nnpc-to-partner-pertamina-to-boost-nigerias-oil-export/

FG To Earn $10.2Bn from Oil Mining Lease

The Nigerian National Petroleum Corporation (NNPC) yesterday disclosed that its subsidiary in charge of exploration and production (E&P) of crude oil, the Nigerian Petroleum Development Company (NPDC), has signed a $3.15bn Financing and Technical Services Agreement deal with Sterling Oil Exploration and Energy Production Company Limited (SEEPCO) for the development of Oil Mining Lease (OML) 13.

https://leadership.ng/2019/07/24/fg-to-earn-10-2bn-from-oil-mining-lease/

 

Subsidy: NNPC, CBN, others to brief Senate on refineries status

Determined to find lasting solution to continuous payment of subsidy to oil marketers on importation of petroleum products, the Senate has invited top officials of government departments and agencies in the oil sector for full briefing.

https://dailytimes.ng/subsidy-nnpc-cbn-others-to-brief-senate-on-refineries-status/

Buhari drops Kachikwu, Dalung, Shittu, others in new ministerial list

President Muhammadu Buhari, Tuesday, forwarded to the Senate a list of his new ministers, dropping Kachikwu, Dalung, Shittu and many others.

https://www.vanguardngr.com/2019/07/buhari-drops-kachikwu-dalung-shittu-others-in-new-ministerial-list/

Gas flare out programme to revive oil industry fortunes – FG

In an interview with Vanguard in Abuja, Programme Manager of the NGFCP in the Ministry of Petroleum Resources, Mr Justice Derefaka, stated that the programme would also bring an inflow of new infrastructure players to enable gas uptake and usage in previously unreachable regions and business development from gas companies to unlock new domestic markets for gas.

https://www.vanguardngr.com/2019/07/gas-flare-out-programme-to-revive-oil-industry-fortunes-fg-2/

NLNG, LCCI promote breakthrough in electric power in Nigeria

Nigeria LNG Limited and the Lagos Chamber of Commerce and Industry (LCCI) have called for more efforts in finding solutions to the crippling power challenges in the country as well as exploring other energy sources and cashing in on new ideas that will help Nigeria become energy efficient. NLNG NLNG, NCDMB, other stakeholders during the NLNG Train 7 local content plan sign off

https://www.vanguardngr.com/2019/07/nlng-lcci-promote-breakthrough-in-electric-power-in-nigeria/

Vessels berth with N84.79bn fuel at Lagos, Rivers jetties

No fewer than 11 vessels have arrived at the Lagos and Rivers petroleum jetties with 471,064 metric tonnes of premium motor spirit (PMS).

The product, which arrived Atlas Cove and New Oil jetties, Petroleum Wharf Apapa, Single Bouy Mooring, Rivers Port between June and July 2019, is valued at N84.79 billion at the landing cost of N180 per litre.

https://www.newtelegraphng.com/2019/07/vessels-berth-with-n84-79bn-fuel-at-lagos-rivers-jetties/

 

Artificial intelligence, data analysis, others to shape petroleum industry — SPE

The organisers of the Nigeria Annual International Conference and Exhibition (NAICE), the Society of Petroleum Engineers (SPE) Nigeria, has said that the petroleum industry was moving towards the advancement of artificial intelligence, big data as well as mobile technology. Petroleum industry

https://www.vanguardngr.com/2019/07/artificial-intelligence-data-analysis-others-to-shape-petroleum-industry-spe/

Data critical for exploration in petroleum sector —Fagbami

Oil and gas companies are increasingly gathering data across every element of their supply chains, from oil fields to pipelines to refineries and power stations. However the national president, Society of Petroleum Engineers (SPE), Nigeria Council, Mr Debo Fagbami, speaks on the relevance of big data in exploration business ahead of the forthcoming annual conference and exhibition of the council.

https://tribuneonlineng.com/228710/

 

OTHER NEWS

FG supports ILO to eradicate child labour in mining sector

The Permanent Secretary, Federal Ministry of Mines and Steel Development, Dr Abdulkadir Mua’zu, stated this when the Director, ILO, Nigeria, Ghana, Liberia, Sierra-Leone and Liaison Office for ECOWAS, Mr Dennis Zulu, visited him in Abuja.

https://www.vanguardngr.com/2019/07/fg-supports-ilo-to-eradicate-child-labour-in-mining-sector/

 

NEWS REVIEW FOR TUESDAY, JULY 23, 2019

OIL & GAS

NNPC Automates Sales of Nigeria’s Equity Oil Share

The Nigerian National Petroleum Corporation (NNPC) has disclosed that its management of transactions involving Nigeria’s equity share of crude oil produced in the country has been automated to up to 98 per cent.

https://www.thisdaylive.com/index.php/2019/07/23/nnpc-automates-sales-of-nigerias-equity-oil-share/

NNPC raises surplus by 13% to N6.33bn in one month

The Nigerian National Petroleum Corporation (NNPC) said it recorded a trade surplus of N6.33billon for the month of May, 13 per cent higher than the N5.60 billion surplus made in April.

https://dailytimes.ng/nnpc-raises-surplus-by-13-to-n6-33bn-in-one-month-report/

Agenda for NNPC new chief Kyari

Nigerian National Petroleum Corporation (NNPC) Group Managing Director (GMD) Mele Kyari has made a promise others before him were unable to keep. He has promised to end the opacity permeating the entity since inception. He vowed to ensure accountability and transparency in the corporation after he assumed office on July 8. Identifying the position of the people in a social contract, he said: “It is a promise that we are going to be accountable to the citizens. The citizens will have access to what we are doing.”

https://thenationonlineng.net/agenda-for-nnpc-new-chief-kyari/

NNPC, Chevron, Others Fund Tuberculosis Cure with N2.7bn in 11 Years

Oil production joint venture partners comprising the Nigerian National Petroleum Corporation (NNPC), Star Deepwater Petroleum Limited (a Chevron Company), Famfa Oil Limited, Equinor, and Petroleo Brasileiro Nigeria Limited, spent N2.7 billion in the last 11 years supporting efforts to cure and eradicate tuberculosis in Nigeria, THISDAY has learnt.

https://www.thisdaylive.com/index.php/2019/07/23/nnpc-chevron-others-fund-tuberculosis-cure-with-n2-7bn-in-11-years/

Greenville LNG Pledges to Support Nigeria’s Economic Growth

The Managing Director of Greenville LNG Limited, Ritu Sahajwalia, has declared that the company was set to be a catalyst to Nigeria’s economic growth, by making liquefied natural gas available to all in the country.

https://www.thisdaylive.com/index.php/2019/07/23/greenville-lng-pledges-to-support-nigerias-economic-growth/

NLNG, LCCI seek solutions for Nigeria’s power challenges

Nigeria LNG Limited and the Lagos Chamber of Commerce and Industry (LCCI) have called for more efforts in finding solutions to the crippling power challenges in the country.

https://www.newtelegraphng.com/2019/07/nlng-lcci-seek-solutions-for-nigerias-power-challenges/

Oil rises despite Persian Gulf tension

OIL prices on Monday maintained muted reaction to mounting tensions between Iran and the West, moving modestly higher after Tehran’s announcement that it had seized a British-flagged oil tanker Friday.

https://thenationonlineng.net/oil-rises-despite-persian-gulf-tension/

DPR seals five filling stations in Edo

The Department of Petroleum Resources (DPR) in Edo State has sealed up five filling stations for under dispensation of fuel and other offences.

https://thenationonlineng.net/dpr-seals-five-filling-stations-in-edo/

Oil Prices Rise on Middle East Tension

Oil prices rose yesterday amid high tensions in the Middle East after a British tanker was seized by the Iranian military at the end of last week.

https://leadership.ng/2019/07/23/oil-prices-rise-on-middle-east-tension/

Lagos Assembly calls on NNPC, Sanwo-Olu to protect pipelines against vandals

The Lagos State House of Assembly on Monday at plenary passed a resolution calling on the Nigerian National Petroleum Cooperation (NNPC) and Gov. Babajide Sanwo-Olu to protect pipelines to curtail vandals’ hazards.

https://thenationonlineng.net/lagos-assembly-calls-on-nnpc-sanwo-olu-to-protect-pipelines-against-vandals/

Funding ailing refineries with Indian loan

The Nigerian National Petroleum Corporation (NNPC) has opened talks with India for loan to, among others, revamp the obsolete refineries in Nigeria, on which multi-billion dollars had earlier been sunk. Adeola Yusuf takes another look at this venture

https://www.newtelegraphng.com/2019/07/funding-ailing-refineries-with-indian-loan/

Nigeria’s plan to sell flared gas gathers steam

Nigeria’s gas flare commercialisation programme is steadily progressing towards completion as two hundred and five applications have been deemed qualified to participate in the next stage of the programme where they would submit proposals.

https://businessday.ng/energy/oilandgas/article/nigerias-plan-to-sell-flared-gas-gathers-steam/

Greenville’s $500m plant boosts Nigerian industries with LNG

A new dawn has come for Nigerian industries as Greenville Liquefied Natural Gas (LNG) Limited takes LNG to manufacturers to cut their production costs and improve efficiency. Read More : Gas emerges world’s favourite fuel, but Nigeria plays catch-up A number of industries in Sagamu, Lagos and northern Nigeria are already connected to Greenville’s environmentally-friendly, clean…

https://businessday.ng/exclusives/article/greenvilles-500m-plant-boosts-nigerian-industries-with-lng/

OTHER NEWS

Minimum wage: Oyo-Ita blames ‘unrealistic demands’ for delay in implementation

The Head of Civil Service of the Federation, Mrs. Winifred Oyo-Ita, yesterday, attributed the delay in the full implementation of the new national minimum wage to the unrealistic demands by labour unions.

https://www.sunnewsonline.com/minimum-wage-oyo-ita-blames-unrealistic-demands-for-delay-in-implementation/

Increase commitments to tackle inequality, NLC tells ECOWAS

The Nigeria Labour Congress has called on the Economic Community of West African States  (ECOWAS ) to implement policies and programmes to close the widening inequality gaps in the region.

Read more: https://dailytimes.ng/increase-commitments-to-tackle-inequality-nlc-tells-ecowas/

 

NEWS REVIEW FOR FRIDAY, JULY 12, 2019

OIL & GAS
No plan to increase fuel price –NNPC

The Nigerian National Petroleum Corporation on Thursday advised motorists and other petroleum product consumers to disregard the trending rumour of a planned hike in the pump price of Premium Motor Spirit, popularly known as petrol.

No plan to increase fuel price –NNPC


Nigerian Governors Tell Kyari: Subsidy Is a Major Drawback to Government Revenues

The Nigeria Governors’ Forum (NGF), has told Mele Kyari, the new Group Managing Director of the Nigerian National Petroleum Corporation (NNPC) that a new deal might be needed to curb the drawback subsidy payment is having on funds available to the different tiers of government.

http://saharareporters.com/2019/07/11/nigerian-governors-tell-kyari-subsidy-major-drawback-government-revenues
NNPC Seeks Collaborate With EFCC

The group managing director of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari, yesterday said he is committed to a robust relationship between the corporation and the Economic and Financial Crime Commission (EFCC) to assist the anti-graft agency in its quest to rid the country of corrupt practices.

https://leadership.ng/2019/07/12/nnpc-seeks-collaborate-with-efcc/
Shell: Security Remains Major Challenge in N’Delta

Shell Petroleum Development Company of Nigeria Limited (SPDC) has said security remains a major challenge occasioned by continuing crude oil theft and vandalism of oil and gas facilities in parts of the Niger Delta.

Shell: Security Remains Major Challenge in N’Delta


Don’t Hike Fuel Price, PDP Cautions FG

The Peoples Democratic Party (PDP) Thursday cautioned the President Muhammadu Buhari administration and the All Progressives Congress (APC) to perish any contemplation of increasing pump price of petrol “from the already excruciating N145 per litre.”

Don’t Hike Fuel Price, PDP Cautions FG


NCDMB, Danvic Petroleum acquire $1.2m training software for varsities

In its quest to boost technological advancement in Nigeria, the Nigerian Content Development Monitoring Board (NCDMB) and Danvic Petroleum International Nigeria have secured a $1.2 million, (N610 million), seismic interpretation software and geosciences workstations for six Nigerian universities as a way of boosting knowledge in oil and gas exploration in Nigeria.

NCDMB, Danvic Petroleum acquire $1.2m training software for varsities

Our scholarship tailored to develop Nigeria’s oil, gas sector – PTDF

Executive Secretary of the Petroleum Technology Development Fund (PTDF) has described the Fund’s 0verseas scholarship scheme as the best in the country adding that the programme was tailored to help develop the country’s oil and gas sector.

https://www.dailytrust.com.ng/our-scholarship-tailored-to-develop-nigerias-oil-gas-sector-ptdf.html

 

OTHER NEWS

NSITF: ILO has impacted positively on humanity

The General Manager, Administration, Nigeria Social Insurance Trust Fund (NSITF), Segun Basorun has described the International Labour Organisation (ILO) as one agency that has impacted positively on the world.

https://www.newtelegraphng.com/2019/07/nsitf-ilo-has-impacted-positively-on-humanity/

Labour lauds Buhari for signing continental free trade

The president of the Nigerian Labour Congress (NLC) Ayuba Wabba has hailed President Muahmmad Buhari for signing the African Continental Free Trade Area.

https://www.dailytrust.com.ng/labour-lauds-buhari-for-signing-continental-free-trade.html
Labour tackles oil firms over debts to contractors

Workers under the auspices of Maritime Workers Union of Nigeria (MWUN) have fallen out with some international oil companies over the latter’s failure to pay stevedoring service charges.

https://www.newtelegraphng.com/2019/07/labour-tackles-oil-firms-over-debts-to-contractors/

NEWS REVIEW FOR THURSDAY, JULY 11, 2019

OIL & GAS

We’ll increase remittances to FAAC, NNPC tells govs

The Nigerian National Petroleum Corporation on Wednesday told state governors that it would increase its remittances to the Federation Account Allocation Committee, a development that would lead to an increase in the monthly allocations to states.

https://punchng.com/well-increase-remittances-to-faac-nnpc-tells-govs/

NNPC hints of fuel pump price rise, says N145 cheapest in West Africa

  • Senate moves to protect indigenous airlines, probes unfair competition
    Nigerian National Petroleum Corporation (NNPC) has hinted that pump price of premium motor spirit (PMS) may be increased soon, as it described the N145 pump price as the cheapest in West Africa.

https://guardian.ng/news/nnpc-hints-of-fuel-pump-price-rise-says-n145-cheapest-in-west-africa/

Kyari’s Appointment: Ethnic Minorities Laud Buhari, Thank Nigerians

The Conference of Minority Tribes in Nigeria has commended President Muhammadu Buhari for the appointment of Mr. Mele Kyari as the Group Managing Director of the Nigeria National Petroleum Cooperation (NNPC), describing it as round peg in a round hole.

https://leadership.ng/2019/07/09/kyaris-appointment-ethnic-minorities-laud-buhari-thank-nigerians/

NGF laments continuous payment of subsidy by NNPC

The Nigeria Governors’ Forum has expressed concerns about the continuous payment of fuel subsidy by the Nigerian National Petroleum Corporation.

https://punchng.com/ngf-laments-continuous-payment-of-subsidy-by-nnpc/

NNPC’s claims of N305 to $1 a ruse, says MOMAN

The Major Oil Marketers Association of Nigeria (MOMAN) has denied claims that marketers are getting foreign exchange (forex) at N305 to a dollar for importing petrol.

https://thenationonlineng.net/nnpcs-claims-of-n305-to-1-a-ruse-says-moman/

‘Oil firms flared $2.5b gas’

Oil producing companies  flared gas worth $2.5billion (N875billion) in the last one year, The Nation has learnt.

https://thenationonlineng.net/oil-firms-flared-2-5b-gas/

Benue: DPR seals 3 fuel stations in Makurdi

Department of Petroleum Resources, (DPR) yesterday, sealed off three fuel stations in Makurdi, the Benue State capital for failure to comply with regulations and guidelines.

https://www.sunnewsonline.com/benue-dpr-seals-3-fuel-stations-in-makurdi/     

Tanker crashes: FRSC seeks synergy with DPR in Ogun

Worried by the incessant road crashes involving trucks transporting petroleum products across Ogun State, the Federal Road Safety Corps (FRSC), has called for synergy with the Department of Petroleum Resources (DPR) to reduce tanker crashes on the highways.

https://www.sunnewsonline.com/tanker-crashes-frsc-seeks-synergy-with-dpr-in-ogun/

Nigeria’s oil output hits highest level since Jan 2015

Nigeria’s crude oil production rose to 1.97 million barrels per day, its highest since January 2015, according to data from S&P Global Platts.

https://punchng.com/nigerias-oil-output-hits-highest-level-since-jan-2015/

Shell boss advises govt on royalty, tax on deepwater projects

Shell Nigeria Exploration and Petroleum   Company has advised that federal government should be considerate on what it take as royalty from deep water projects so as not to discourage investors from putting -in the  necessary resources  to achieve the potentials in such terrains.

https://businessday.ng/energy/oilandgas/article/shell-boss-advises-govt-on-royalty-tax-on-deepwater-projects/

36 States got N3.95trn in 2018 –NEITI

The Nigerian Extractive Industries Transparency Initiative (NEITI) on Wednesday disclosed that the 36 states of the federation received N3.95trillion as total revenues in 2018 but none of the states could fund their 2018 budget from their total revenue for the year. It said the gap between total revenues and budgets ranged between N28billion in Enugu and N1.2trillion in Cross River. NEITI said the total revenues to the states came from disbursements from the Federation Accounts and Allocation Committee (FAAC) and receipts from Internally Generated Revenues (IGR).

https://www.sunnewsonline.com/36-states-got-n3-95trn-in-2018-neiti/

342 PTDF scholars set for oil industry studies abroad

The Petroleum Technology Development Fund has inducted 342 shortlisted scholars of its 2019/2020 Overseas Masters of Science and Doctors of Philosophy Scholarship scheme and urged the beneficiaries to be good ambassadors of the country while studying abroad.

https://punchng.com/342-ptdf-scholars-set-for-oil-industry-studies-abroad/

Tinubu Shares Oando’s Growth Strategies

The recently concluded Nigeria Oil & Gas Conference, 2019 themed ‘Driving Nigeria’s Oil & Gas Industry Towards Sustained Economic Development and Growth’, can only be described as nothing short of insightful, challenging and eye-opening.

https://www.thisdaylive.com/index.php/2019/07/11/tinubu-shares-oandos-growth-strategies/

Senate to probe Ijegun pipeline explosion

The Senate, yesterday, asked its Ad hoc committee probing the recent Rivers State explosion to extend its scope to last week’s pipeline explosion in Ijegun area of Lagos State.

https://www.sunnewsonline.com/senate-to-probe-ijegun-pipeline-explosion/