Oil & Gas WORLD NEWS

Ukraine-Russia War: Shell plans to withdraw from all oil projects in Russia

UK-Dutch petroleum giant, Shell on Tuesday. announced its intention to gradually withdraw from all oil and gas projects in Russia. It said that it would stop all spot purchases of Russian oil as a first step. “Shell today announced its intent to withdraw from its involvement in all Russian hydrocarbons, including crude oil, petroleum products,

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News Oil & Gas

PETROLEUM INDUSTRY ACT: Host communities present critical areas to senate for amendment

As the Senate prepares to amend the Petroleum Industry Act (PIA), the Host Communities Producing Oil and Gas (HOSTCOM) has tabled areas affecting the communities in the Act, which they want amended. They also expressed concern over their exclusion from the scheme of things after the passage of the Petroleum Industry Bill into law. Senate

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News Oil & Gas

Shell and partners reveal plan to reopen oil and gas wells in Niger Delta

Shell Production Development Company and Joint Venture partners have revealed plan to reopen some of its oil and gas wells in the Niger Delta as a way of enhancing its portfolio of assets in Nigeria. In its Nigeria Briefing Notes 2021 obtained by newsmen on Wednesday, SPDC said its investment in large gas projects would

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News Oil & Gas

ExxonMobil concludes plan to sell its equity shares in MPNU to Seplat Energy 

ExxonMobil has concluded plans to sell its equity interest in Mobil Producing Nigeria Unlimited, MPNU, to Seplat Energy. The International Oil Company, IOC, stated that, “ExxonMobil has reached an agreement to sell its equity interest in Mobil Producing Nigeria Unlimited to Seplat Energy, a Nigerian independent oil and gas company, through its wholly-owned subsidiary —Seplat

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News Oil & Gas

BREAKING: Crude oil hits $100 mark for first time in last seven years on Ukraine crisis

At last, the price of crude oil (Brent) has hit the roof at $100 per barrel in the international market for the first time in more than seven years on Thursday after Russian President Vladimir Putin announced a “military operation” in Ukraine, apparently realising fears he would invade. Brent surged to $100.04 a barrel after

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Delta News Oil & Gas

DELTA: Ifiekporo community mobilises to shutdown Ode Itsekiri road over alleged failure of companies to sign MoU

Ifiekporo community, Warri South Local Government Area of Delta State, in the early hours of this morning, mobilised to shut down the portion of Ode Itsekiri Road leading to the depot of Matrix, Pinnacle Oil and Gas, AYM Shaffa and several companies in the area over alleged failure by the companies to sign a Memorandum

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News Oil & Gas

Brittania-U rejects NNPC’s claim on importation of adulterated fuel to Nigeria

Brittania-U, one of the companies the NNPC GMD accused of importing adulterated fuel has insisted that its vessels imported fuel that was duly certified as meeting NNPC product specifications. The company disclosed this on Friday in a statement titled, “Refutal that Brittania-U was among oil and gas companies that brought off-spec Premium Motor Spirit (PMS)

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News Oil & Gas

Niger Delta: House of Representatives asks FG to investigate crude oil vessel explosion in Escravos

The House of Representatives has advised the Federal Government to investigate the current surge of a Crude Oil Vessel at the Escravos Estuary in Niger Delta, Nigeria. The house, during its plenary on Wednesday, specifically asked the Federal Ministry of Petroleum Resources to examine the reason for the surge on the Floating Production Storage and

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News Oil & Gas

House of Representatives announces commencement of moves to transfer NNPC assets to new NNPC Limited

The House of Representatives has announced moves to begin the transfer of assets belonging to the inoperative Nigerian National Petroleum Corporation, NNPC, to the newly established NNPC Limited. It will be recalled that the House had for the purpose, set up an ad-hoc committee to ascertain the total inventory, assets, interests and liabilities of NNPC.

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News Oil & Gas Video

[VIDEO] Oil production vessel on fire in Escravos

A Floating Production, Storage and Offloading Vessel Known as Trinity Spirit FPSO, has exploded, causing raging fire and fear in Escravos, Delta state. The explosion of the FPSO, which occured in the afternoon of Wednesday February 3, 2022, caused fire and panic in the Escravos area of Warri South West Local Government Area of Delta

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Breaking News Oil & Gas

[BREAKING] FPSO vessel explodes in Escravos

A Floating Production, Storage and Offloading (FPSO) vessel with a capacity to process up to 22,000 barrels of oil per day, inject up to 40,000 barrels of water per day and store 2 million barrels of oil, has exploded and sunk at the Ukpokiti Terminal, around Escravos, Warri South-west, Delta State. GbaramatuVoice checks showed that

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Oil & Gas

NNPC: Chevron, Shell, Mobil, others to pay Nigeria N253b in February

Chevron Nigeria Limited, Shell Petroleum Development Company, Mobil Producing Nigeria alongside three other companies will remit a total of N253 billion to Nigeria government in February 2022, the Nigerian National Petroleum Company Limited (NNPC) has said. In its first 2022 Federation Accounts Allocation Committee (FAAC) report, NNPC explained that in November crude oil exports of 111,257 barrels

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News Oil & Gas

NNPC: Refineries’ rehabilitation gulped N100b in 2021

The Nigerian National Petroleum Company Limited – NNPC, has said it spent N100bn on refineries’ rehabilitation in 2021 and that funds were pumped into revamping the facilities on a monthly basis last year. It disclosed this in a report on the funding performance of the oil firm from January to December 2021, which was seen

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News Oil & Gas

NUPRC revokes marginal oil fields awarded to 33 companies over default

Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has revoked marginal oil fields awarded to 33 companies for their default on payment of signature bonus with the 45 days deadline. A total of 665 companies signified interest to acquire 57 fields that were on offer in May 2021. The commission also realised N174 billion from signature bonus

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Delta News Oil & Gas

Our Ultimatum Stand: Polobubo community reaffirms NPDC’s operations shutdown

Polobubo community of Egbema kingdom in Warri North Local Government Area, Delta State, has reaffirmed their threat to shutdown Nigeria Petroleum Development Company (NPDC) operations in the area. Tsekelewu community who is a host community to the Opuama Flow Station within the Oil Mining Lease – OML 40, operated by NPDC asserted that the issues

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News Oil & Gas

 Niger Delta: FG working to establish 18 modular refineries in oil-producing states – Minister

The Federal Government, on Wednesday, said it was working to establish three modular refineries in each of the oil-producing states, particularly in the Niger Delta region. Going by the plan, the government would have to establish about 18 refineries in the country’s six major oil-producing states in the Niger Delta including Rivers, Bayelsa, Akwa Ibom,

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News Oil & Gas

Niger Delta stakeholders urged to prepare papers that will provide ‘clarity’ into PIA

Stakeholders in the Niger Delta, have been urged to prepare research papers and intervention strategies that will provide “clarity” into the Petroleum Industry Act (PIA) and “opportunities” for the people of the Niger Delta. According to a statement by the publisher of the GbaramatuVoice newspaper, Jacob Abai, made available to reporters in Warri, Delta State,

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National Oil & Gas

350 pipeline points vandalised from January to July, 2021— NNPC

A total of 350 pipeline points were vandalised from January to July this year, the latest data obtained from the Nigerian National Petroleum Company Limited (NNPC) have shown. The number of vandalised pipeline points rose from 27 in January to 54 in February, according to the NNPC data. In March, 70 pipeline points were vandalised,

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Business Oil & Gas

Federal Government ready to end oil bid round for marginal fields

…3 trillion Naira to be added to Nigerian economy The Federal Government, yesterday, showed readiness to end the ongoing marginal bid round, which already had already seen the award of 57 licenses. The Federal Government had in June last year, commenced a bid round for the fields, which are mainly in the Niger Delta. ALSO

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Oil & Gas

Shell halts shipment of 200,000 barrels of crude from Forcados terminal

…Issues notice of force Majeure on Forcados shipments About 200,000 barrels of crude oil is currently stranded as oil major, Shell Plc, halted crude shipments from Nigeria’s Forcados export terminal. The action is considered another blow to Nigeria which has struggled to stem falling production. [ALSO READ] Shell begins major divestment of shallow, onshore assets

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Bayelsa Oil & Gas

NEMBE OIL SPILL: Civil Society Organizations advocate state of emergency in Bayelsa

A coalition of Civil Society Organisations (CSO) have advocated for a declaration of state of environmental emergency in Bayelsa State. The CSOs led by Revd Nnimmo Bassey, Director of Health of Mother Earth Foundation (HOMEF) stated this over the weekend after a visit to Santa Barbara River, Nembe, where the oil spill from the Oil

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News Oil & Gas

Finally, Nembe oil spill contained

Aiteo Eastern Exploration and Production Company (AEEPCO), operator of the NNPC/Aìteo Joint Venture on OML 29, has successfully shut down the spill on its Santa Barbara wellhead in Nembe, Bayelsa state. The company had in a statement issued on November 9, 2021, reported an oil spill from a non-producing well head in its Santa Barbara

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Bayelsa News Oil & Gas

DOUYE DIRI: Nembe oil spill from Aiteo facility worst in Niger Delta

The Bayelsa State Governor, Senator Douye Diri, on Wednesday returned from visiting the oil spill site in Nembe Local Government Area of the state, describing it as worse than what happened in the Gulf of Mexico oil spill. The OML 29 Well 1 platform, which is operated by Nigeria’s largest indigenous oil firm, Aiteo Exploration

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National News Oil & Gas

Minister compares impact of Nembe oil spill to atomic bomb

Nigeria’s Minister of State for Environment, Sharon Ikeazor, said the pollution caused by the Nembe oil spill in Bayelsa State, Nigeria’s Niger Delta region, is “massive” and could only be compared to the impact of atomic bomb on the Japanese city of Hiroshima during the World War II. “It was like a Hiroshima site,” she

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National News Oil & Gas

SANTA BARBARA OIL SPILL: FG directs AITEO to stop operations in Nembe

As part of measures to address the recent unfortunate oil spillage at Santa Barbara in Nembe Local Government Area of Bayelsa State, the Federal Government has directed the exploration company, AITEO Eastern Exploration and Production Company Limited (AEEPCo) to halt operations in the area until proper investigation is carried out and adequate measures put in

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News Oil & Gas

Transparency and accountability are important for community development – Chevron

Esimaje Brikinn, General Manager, Policy, Government and Public Affairs (PGPA), Chevron Nigeria Limited has stressed the importance of transparency and accountability as part of the corporate governance for community development. The oil and gas chief, who was represented by Kayode Adeboye, communications coordinator, said this in his address at the 2021 Annual General Meeting of

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News Oil & Gas

NEMBE: We are seeking foreign assistance to stop oil leak – Aiteo

Aiteo Eastern Exploration and Production Company says it is seeking foreign technical expertise to halt the ongoing oil leak at an oilfield it operates in Nembe, Bayelsa. The leak occurred on Nov. 5, 2021. Aiteo, in a statement issued by its spokesman, Mathew Ndianabasi, noted that it has intensified its response by seeking the assistance

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News Oil & Gas

BAYELSA: Aiteo’s oil facility still spilling crude in Nembe

Oil has been spilling from a well owned by Nigeria’s Aiteo Eastern E&P and the Nigerian National Petroleum Corporation, NNPC for two weeks in southern Nigeria, local residents and politicians said on Friday, saying it threatened the environment and local economy. Aiteo said on November 9 an “extremely high order” oil spill had started on

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Bayelsa News Oil & Gas

Bayelsa Governor expresses anger over failure of Aiteo Group to stop oil spill in Nembe 

Bayelsa State Governor, Douye Diri, has expressed displeasure with Aiteo Group over the company’s failure to stop the ongoing oil spill in Santa Barbra Well 1, OML 29, more than two weeks after the leak started. To this end, the governor has charged the oil firm to be prepared for the consequences of their inaction,

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News Oil & Gas

Heritage Energy appoints Adesola Adebawo as General Manager

Heritage Energy Operational Services Limited (HEOSL), a subsidiary of Heritage Oil Limited (a Jersey-headquartered international oil and gas company) and operator of the OML 30 (NPDC/SNRL Joint Venture), has appointed Mr. Adesola Adebawo (Sola) as the General Manager – Government, Joint Venture and External Relations. His appointment becomes effective November 1, 2021. The oil major

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Bayelsa News Oil & Gas

Tension in Bayelsa as Opu-Nembe residents flee community over oil leakage 

Fresh massive crude oil fire caused by a massive crude oil spill from the wellhead of Aiteo Eastern Exploration and Production Company in its Santa Barbara South Field is currently ravaging Opu-Nembe community in Bayelsa State. The fire, which is still raging from the wellhead, according to community sources, has left many of the people

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Delta News Oil & Gas

REFUSAL TO HOLD FMOU MEETING: OML 42 host communities issue 14-Day ultimatum to NPDC

By Enaibo Asiayei  Following the refusal of the NPDC/Neconde, AMT JV in Oil Mining Lease – OML 42 to commence Field Memorandum of Understanding, FMOU, meeting with its host communities in Delta state, the company has been given a 14-day ultimatum by the communities. The host communities warned that failure to address the issues itemized

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News Oil & Gas

Chevron Nigeria Appoints new Communications Manager

Chevron Nigeria Limited (CNL), operator of the NNPC/CNL Joint Venture has announced the appointment of a new Communications Manager in its Policy, Government and Public Affairs Department (PGPA). He is Mr. Victor Anyaegbudike. Until his appointment, Mr. Anyaegbudike was the External Communications Coordinator for CNL. Victor holds a Bachelors degree in Mass Communication from Enugu

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News Oil & Gas

Akwa-Ibom: Exxon-Mobil ex-workers petition Tompolo, Clark over N11.4bn terminal benefits

A total of 1,444 disengaged workers of ExxonMobil in Eket, Akwa Ibom State, have called on relevant stakeholders to prevail on the oil multinational for the payment of their terminal benefits of N11.4billion, else they will take the laws into their hands. The aggrieved ex-workers particularly called on ex-militants leaders, Government Ekpemupolo, Asari Dokubo and

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