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Oil and Gas

Akpabio Puts Host Community Benefits At Centre Of PIA Implementation Review

Senate President Godswill Akpabio has called for closer scrutiny of the Petroleum Industry Act (PIA), with particular emphasis on whether oil-producing communities are receiving meaningful development benefits from petroleum operations. Akpabio made the demand on Wednesday in Abuja during a stakeholders’ meeting on the implementation of the law, insisting that the success of the petroleum...
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FG Moves To Secure Gas Supply For Proposed Ibom LNG Project In Akwa Ibom

The Federal Government has reaffirmed its commitment to securing gas supply for the proposed 200 million standard cubic feet per day (MMSCFD) Ibom Liquefied Natural Gas (LNG) project in Akwa Ibom State, as stakeholders intensify efforts to advance the investment. The Minister of State for Petroleum Resources (Gas), Obongemem Ekperikpe Ekpo, disclosed this after a...
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NNPCL Says N66 Petrol Discount Predates FG’s Price Cut

The Nigerian National Petroleum Company Limited (NNPCL) says its N66-per-litre petrol discount was introduced before the Federal Government announced a separate price-reduction measure aimed at easing the impact of rising fuel costs. According to Daily Trust, NNPCL’s Chief Corporate Communications Officer, Andy Odeh, said the discount took effect on October 1 as part of activities...
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Ibom Power Crisis: Workers Count Cost As Salaries Go Unpaid, Loss of Staff, Loved Ones

By Idongesit Mishael The death of a senior management staff member, followed by the loss of spouses of two other employees, has deepened the anguish among workers of Ibom Power Company, where about 120 employees are battling more than eight months of unpaid salaries amid prolonged shutdown of the state-owned power plant. For the workers,...
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CNG: Nsik Oil & Gas Project Moves Into Installation Phase As 10 MMSCF/D Equipment Arrives in Uquo Isi Edoho

By Idara Jerome The 10 million standard cubic feet per day (10 MMSCF/D) Compressed Natural Gas (CNG) Mother Station being developed by Nsik Oil & Gas Company Limited at Uquo Isi Edoho, Esit Eket Local Government Area of Akwa Ibom State, has entered a major implementation phase with the arrival of its first consignment of...
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