Oil & Gas - Abia ThinkTank News

Sep

04

2024

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By Abia ThinkTank

Fuel Price Hike: NLC Accuses Tinubu Of Betrayal

Economy, News Flash, Oil & Gas

NLC Accuses Tinubu Of Betrayal Over Fuel Price Hike The Nigeria Labour Congress, NLC, has branded President Bola Tinubu a betrayer following the recent significant hike in fuel prices. In a statement signed by its President, Joe Ajaero, and made available to our correspondent in Abuja on Tuesday, the Labour Centre expressed shock and dismay at the clandestine increase in the pump price of Premium Motor Spirit (PMS), describing it as a “deep sense of betrayal.” The NLC recalled that one of the reasons for accepting the N70,000 national minimum wage was the understanding that the pump price of PMS…

Sep

01

2024

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By Abia ThinkTank

Belema Oil Unveils It’s New CEO, CFO As Jack-Rich Focuses On Developing Fintech…

Business, News Flash, Oil & Gas

BELEMAOIL UNVEILS ITS NEW CEO, CFO as Jack-Rich focuses on developing Fintech to promote financial inclusion for massive economic boom. The Founder and President of Belemaoil Producing Limited Tein T.S. Jack-Rich says the company is on a threshold of rapid recovery, transformational growth, and industrial boom to realize its shared vision and deliver superior value to shareholders. Jack-Rich stated this at a meeting of the Board of Directors and Management Staff of Belemaoil to formally unveil the company’s new Managing Director/Chief Executive Officer, Ahmadu Sambo as well as its new Chief Finance Officer, Emmanuel Onos. He said the two appointees…

Aug

23

2024

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By Abia ThinkTank

NNPC Reacts To Atiku’s Allegations Of Plan By Tinubu To Mortgage Nigeria’s Future Through OVH Deal

Economy, Columns/Opinions/Letters, News Flash, Oil & Gas

NNPC Reacts To Atiku’s Allegations Of Plan By Tinubu To Mortgage Nigeria’s Future Via OVH Deal The Nigerian National Petroleum Company Limited (NNPC Ltd) has reacted to allegations made by former Vice President Atiku Abubakar, accusing President Bola Tinubu of attempting to mortgage Nigeria’s future through the acquisition of OVH Energy by NNPC Ltd. In a statement titled “OVH Acquisition: The Facts, by NNPC Ltd,” the company denied any personal interest by President Tinubu in the acquisition. NNPC Ltd stated that investment decisions are based on commercial viability and national interest, and provided facts to counter Atiku’s allegations. The company…

Aug

22

2024

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By Abia ThinkTank

Rain, Lightning, Thunderstorms Caused Petrol Scarcity – NNPC

Economy, News Flash, Oil & Gas

Rain, Lightning, Thunderstorms Caused Petrol Scarcity – NNPC The Nigerian National Petroleum Corporation Ltd. has blamed the fuel scarcity that has led to long queues in filling stations nationwide due to recent rains, lightning, and thunderstorms. NNPCL’s vice-president (downstream), Dapo Segun, disclosed this at a press conference at the NNPC towers in Abuja. Fuel queues have resurfaced in filling stations across the country, with car owners spending long hours in queues and black markets having a field day with fuel now being sold for as much as over N1,000. Apologising to Nigerians for the queues springing up across the country…

Aug

19

2024

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By Abia ThinkTank

NNPC Ltd Speaks On Fuel Supply Situation

Economy, Business, News Flash, Oil & Gas

NNPC Ltd Speaks On Fuel Supply Situation The Nigerian National Petroleum Company Limited (NNPC Ltd.) has breaks silence on fuel supply situation in the country. The NNPC Ltd in a statement released today says the organization regrets the tightness in fuel supply witnessed in some parts of Lagos and the FCT. The statement by Olufemi SoneyeChief Corporate Communications OfficerNNPC Ltd attributes the tightness to distribution challenges. NNPCLimited is urging motorists to shun panic buying stressing that it is working round the clock with relevant stakeholders to restore normalcy.

Aug

16

2024

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By Abia ThinkTank

Nigerian Refineries Spent N127Billion On Salaries, Employee Benefits In 2 Years Without Producing Oil

Business, Economy, News Flash, Oil & Gas

Nigerian Refineries Spent N127Billion On Salaries, Employee Benefits In 2 Years Without Producing Oil Nigeria’s refinery woes persist, with the country’s facilities struggling to function optimally. A SaharaReporters investigation reveals that despite their inability to refine crude oil or generate revenue, these companies have spent billions on employee compensation. An analysis of the Nigeria National Petroleum Company’s audited financial statements shows that the Kaduna, Port Harcourt, and Warri refinery companies collectively expended N127.326 billion on salaries, wages, and employee benefits between 2020 and 2021. The amount was allocated for salaries and wages in September 2020, despite the fact that all…

Aug

04

2024

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Fire Breaks Out At NNPC Oil Well

Mishap, News Flash, Oil & Gas

Fire Breaks Out At NNPC Oil Well Fire has been reported on Akaso 4 Wellhead operated by the Nigerian National Petroleum Company 18 Operating Limited in Rivers State.you The Nigerian Upstream Petroleum Regulatory Commission confirmed the incident in a statement by its spokesperson, Olaide Shonola, on Saturday. The incident, which has extended along the adjacent riverbank is reported to have occurred on Friday at about 11:12 pm. “NNPC 18 Operating Limited has confirmed that a rapid response emergency team has been deployed to secure the well, address the incident and isolate the affected area using spill containment materials to prevent…

Jul

30

2024

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President Tinubu Orders NNPC To Sell Crude Oil To Dangote Refinery In Naira

Business, Economy, News Flash, Oil & Gas

President Tinubu Orders NNPC To Sell Crude Oil To Dangote Refinery In Naira. The President of the Federal Republic Of Nigeria Senator Ahmed Bola Tinubu has directed Nigerian National Petroleum Company Limited to sell crude oil to Dangote Refinery in Naira. The Special Adviser to the President on Information and Publicity, Bayo Onanuga, made this known in a post via his official X handle on Monday.

Jul

27

2024

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NNPC Recruitment 2024: How To Apply, Available Positions

News Flash, Oil & Gas

NNPC Recruitment 2024: How To Apply, Available Positions The Nigerian National Petroleum Company Limited (NNPCL) has announced a range of job vacancies, inviting both fresh graduates and seasoned professionals to apply. The recruitment drive aims to bring in intelligent, motivated individuals to fill various roles within the company. NNPCL has urged interested applicants to submit their applications through its official website, https://careers.nnpcgroup.com. The company has emphasized that it will not be responsible for applications submitted on any other website and reiterated that it does not charge any fees for job application submissions. Below are some of the available positions and…

Jul

23

2024

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Oil Minister Lokpobiri Meets Dangote, NNPCL, NMDPRA, NUPRC Chiefs To Resolve Oil & Gas Issues

Economy, FGN, News Flash, Oil & Gas

Oil Minister Lokpobiri Meets Dangote, NNPCL, NMDPRA, NUPRC Chiefs To Resolve Issues Nigeria’s Oil minister Heineken Lokpobiri has met with Aliko Dangote and chiefs of NNPC Limited, NMDPRA and NUPRC to resolve the issues stirred by Dangote Refinery. Lokpobiri, in a statement on his X handle on Monday said he convened a high-level meeting with top executives from Dangote Group, the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), and the Nigerian National Petroleum Corporation Limited (NNPC) to address the ongoing issues surrounding the Dangote Refinery. Lokpobiri, who is the Minister of State…