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Army discovers stolen 1m litres crude oil in Rivers

Nigerian Navy dismantles illegal refineries, recovers stolen crude

  • 8th March 2026

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Women entrepreneurs key to Nigeria’s $1trn economy goal

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Navy dismantles illegal refineries, recovers stolen crude in Rivers

featured Oil and Gas
Niger owes Nigeria N4bn for electricity supply - NERC

DisCos recorded ₦51.17bn revenue shortfall in December — NERC

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Nigeria’s debt crisis deepens as FG borrows N10.85trn in four months

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Tag: PENGASSAN

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 […]

Oil and Gas

PENGASSAN moves to stop casualisation in oil industry

The Petroleum and Natural Gas Senior Staff Association of Nigeria says it will ensure that issues of casualisation in the oil and gas industry are reduced to a minimal level. The PENGASSAN President, Mr Festus Osifo, made this known at a media parley with journalists in Lagos, according to a News Agency of Nigeria report. […]

Banking Oil and Gas

Vandalism, others push oil firms’ bank borrowing to N5.68tn

The combined bank borrowing of oil firms operating in the downstream and upstream subsectors of the Nigerian oil and gas industry rose from N5.19tn in January 2021 to N5.68tn in December 2021, showing an increase of N490bn. Operators in the downstream, natural gas and crude oil refining subsectors had borrowed N290bn from Nigerian banks in […]

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