Oil & Gas

The Governor of Rivers state, Nyesom Wike, has explained why he didn’t join other Niger Delta Governors to protest the newly nominated board members of the Niger Delta Development Commission, NDDC. Wike said NDDC was turned into a cash cow to sponsor elections against him and his Party in Rivers …

The Acting Managing Director of the Niger Delta Development Commission (NDDC), Dr. Akwagaga Enyia, while urging the contractor handling the commission’s 13-floor permanent corpotate headquarters in Port Harcourt, Rivers State to work expeditiously towards early completion of the project, said she will resume duty in the uncompleted building Akwagaga who …

The Nigerian Navy on Wednesday said it had impounded over 130 vessels, some of which were laden with stolen crude and petroleum products. Chief of Naval Staff, Vice Admiral Ibok Ibas, disclosed this while playing host to the Group Managing Director of the Nigerian National Petroleum Corporation, Mele Kyari, at …

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 …

The nine governors of the Niger Delta states have kicked against the composition of the board of the Niger Delta Development Commission (NDDC) as announced by the federal government on Wednesday. The governors met last night in Abuja to assess the new board appointment approved by President Muhammadu Buhari and …

Nigeria Agip Oil Company(NAOC), an affiliate of Italian oil giant, Eni, says it has discovered a significant quantity of gas and condensate in the Obiafu-Obrikom fields in Oil Mining Lease, (OML) 61, onshore Niger Delta. In a statement in Abuja on Tuesday, the company said the gas and condensates were …

President Muhammadu Buhari, has, subject to Senate confirmation, approved the composition of the Board of the Niger Delta Development Commission (NDDC) made up of the following persons: S/N Position Name State 1 Chairman Dr. Pius Odubu Edo 2 Managing Director Bernard O. Okumagba Delta 3 Executive Director Projects Engr. Otobong …

Opolo community of Bayelsa are demanding the payment of outstanding N6,938,899,900 from Shell Petroleum Development Company (SPDC) being amount of unpaid rentals, expired leases and reacquisition fees. The indigenes, who made their demands known during a protest in Abuja, says they were being cheated by the multinational company. Hezekiah Odede, …

The Deputy President of the Senate, Ovie Omo-Agege has commended Belema Oil Producing Ltd. for heeding the call by the Federal Government that all oil producing companies in Nigeria relocate their headquarters to the Niger Delta. In a letter of commendation addressed to the company, Omo-Agege hailed the company for …

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. It was learnt that the money, which was allegedly paid by the IOCS to the Department of …