Nigeria: Depot and Petroleum Products marketers commence shut down of operation over N800b debt

WorldStage Newsonline– Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN) has issued a directive to all members to commence shut down of loading of petroleum products from Midnight Sunday 9th, 2018 over N800 billion said to be outstanding debts owed by the Federal Government from subsidy, interest and forex differentials.

Read More

Appeal Court nullifies conviction of Shell Nigeria MD, others

The Court of Appeal sitting in Port Harcourt has set aside the order of a High Court of Rivers State which sentenced the Managing Director of The Shell Petroleum Development Company of Nigeria Limited (SPDC), Osagie Okunbor, and two other senior officers of the company to three months in prison for contempt. The appellate court gave the ruling on Wednesday, November 5, following an appeal of the committal order filed by SPDC.

Read More

NUPENG, PENGASSAN shun depot owners’ planned strike

WorldStage Newsonline– The Oil workers unions under the umbrella of the Nigeria Union of Petroleum and Natural Gas Workers  (NUPENG) and Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) have reassured the Federal government that its members would not go on strike over the threat of depot owners to shut down services over issues on payment of outstanding subsidy claims.

Read More

NNPC, NCDMB to grow Nigeria’s content in oil and gas industry to 70% by 2027

WorldStage newsonline– The Nigerian National Petroleum Corporation (NNPC) and the Nigerian Content Development and Monitoring Board (NCDMB) have hinted of a joint plan to grow local content in the Oil and Gas Industry from the current 40 per cent to 70 per cent by 2027 as part of strategies to sustain economic development in country.

Read More