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Tag: PENGASSAN

Oil theft: PENGASSAN finger military, others
Oil and Gas

PENGASSAN faults FG’s upstream oil tax incentive over insecurity, others

The Petroleum and Natural Gas Senior Staff Association of Nigeria has raised concerns over President Bola Tinubu’s recent Executive Order aimed at boosting offshore oil and gas production. The union warned that certain provisions in the policy could weaken the enforcement of the Nigerian Oil and Gas Industry Content Development Act, potentially undermining local participation […]

Oil theft: PENGASSAN finger military, others
News

PENGASSAN urges FG to increase stake in Dangote refinery

The Petroleum and Natural Gas Senior Staff Association of Nigeria has called on the Federal Government to raise its stake in the Dangote Petroleum Refinery from 7% to at least 45%. They argue that this increase would enhance energy security and assurance for citizens, ensuring more stable access to vital resources. This was disclosed by […]

News

NUPENG, PENGASSAN calls for reversal of helicopter landing fee

Petroleum workers, under the aegis of the Nigerian Union of Petroleum and Natural Gas Workers and Nigeria’s Senior Oil Staff Association, have called for a lifting of the new landing fee imposed on helicopter operators. This was disclosed in a joint statement by the General Secretary of NUPENG, Afolabi Olawale, and PENGASSAN’s General Secretary, Lumumba […]

The Nigerian Petroleum and Natural Gas Senior Staff Association has written to President Bola Ahmed Tinubu via the Chief of Staff's office to request that the
News

NUPRC: PENGASSAN demands reversal of 4% cost collection split

The Nigerian Petroleum and Natural Gas Senior Staff Association has written to President Bola Ahmed Tinubu via the Chief of Staff’s office to request that the decision to divide the 4% cost collection from the Nigerian Upstream Petroleum Regulatory Commission be reversed. According to Nairametrics, the president was given till Wednesday, July 19 by PENGASSAN to […]

The Nigerian Petroleum and Natural Gas Senior Staff Association has written to President Bola Ahmed Tinubu via the Chief of Staff's office to request that the
Economy

FG is drowning in debt servicing – PENGASSAN

Petroleum workers in Nigeria have cautioned about Nigeria’s expanding debt profile, which recently reached N77 trillion after parliament allowed the securitization of CBN Ways and Means loans. Nairametrics reported that they emphasized that borrowed money should not be used for consumption but rather should be put toward business endeavors and the construction of infrastructure. This information […]

The Nigerian Petroleum and Natural Gas Senior Staff Association has written to President Bola Ahmed Tinubu via the Chief of Staff's office to request that the
Oil and Gas

Petrol will cost below N500 after subsidy removal – PENGASSAN

The president of the Petroleum and Natural Gas Senior Staff Association of Nigeria, Festus Osifo, has predicted that if the fuel subsidy is removed, petrol will be sold for less than N500 per liter. This is in accordance with a statement published following the National Executive Council meeting of his association, which took place on March […]

Oil theft: PENGASSAN finger military, others
Oil and Gas

Oil theft: PENGASSAN finger military, others

The Nigerian Army and other security outfits have been accused in the oil theft skirmish by the Petroleum and Natural Gas Senior Staff Association of Nigeria. According to The Punch, PENGASSAN made the accusation during the oil lifting and theft investigation chaired by Senator Akpan Bassey sitting at the Senate on Wednesday. The National President […]

Oil Theft: Nigeria loses $150m every two days
Oil and Gas

Oil theft: PENGASSAN doubts FG’s will to fight

President of the Petroleum and Natural Gas Senior Staff Association of Nigeria, Festus Osifo said the federal government is not showing the will to combat crude oil theft. Osifa who appeared on Channels TV said PENGASSAN’s resort to embark on 30 days strike was due to the aforementioned. AM Business reported that PENGASSAN members on […]

Nigeria may lose N1.7trn as PENGASSAN mulls 30 days shutdown
Oil and Gas

Nigeria may lose N1.7trn as PENGASSAN mulls 30 days shutdown

Members of the Petroleum and Natural Gas Senior Staff Association of Nigeria threatened to shut down oil production in Nigeria for 30 days. According to The Punch, protesting PENGASSAN members made the threat on Thursday, saying if Federal Government fails to curb the lingering massive oil theft in the Niger Delta region. Members of the […]

Oil theft: PENGASSAN finger military, others
Oil and Gas

How FG can stop oil theft – EX-PENGASSAN boss

A former President of the Petroleum and Natural Gas Senior Staff Association of Nigeria, Comrade Peter Esele, has advised the federal government on how it can stop the challenge of oil theft in Nigeria. According to Vanguard, Esele who is a former president of the Trade Union Congress enjoined the federal government to adopting a […]

Why oil theft estimates are unrealistic- Navy
Oil and Gas

Nigeria loses N91bn oil in one month – Analysis

Statistics have shown that Nigeria lost N91bn worth of oil to various technical issues in just one month. Data sourced from the Nigerian National Petroleum Corporation’s latest Monthly Financial and Operations Report (April 2021) showed that the revenue was lost due to the inability to produce approximately 3.5 million barrels of oil in April. Total […]

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